India’s Q2 FY25 GDP growth slowed to a seven-quarter low of 5.4%, with industrial weaknesses offset by resilient agriculture and services. Experts predict 6.5-6.7% full-year growth amidst mixed recovery signals.
Adani Group acquires a 30% stake in PSP Projects for ₹6.85 billion to strengthen its infrastructure capabilities. The deal includes an open offer, supporting India’s infrastructure growth and Adani’s strategic expansion.
Indian equities face pressure as the BEER ratio drops to 1.3x, nearing a one-standard-deviation level for the first time since 2020. FIIs sold ₹34,350 crore in November, reflecting global caution.
Gulf markets saw a dip as investor confidence waned due to uncertainty about a rate cut by the Federal Reserve; Saudi Arabia witnessed gains, Dubai’s real estate drags index
Weak earnings might not change in the next three months and rather, it would take another six-to-nine months for the earnings to come back. ‘Maybe it would take six months for the earnings to come back, but they will come. We need fiscal or monetary help. And it will come. Have patience and wait,’ says Agrawal.
Interest rates slashed by another 25 basis points; Federal Reserve chair Jay Powell affirms US economy resilience and data-focused decision making amid ongoing political changes, rules out resignation until end of term
A Trump presidency could benefit India through increased foreign investments, enhanced trade opportunities, and lower energy costs. However, challenges include immigration restrictions, currency fluctuations, and geopolitical instability.
In a Bloomberg interview, Ryan Air CEO Michael O’Leary criticized the UK Labour government’s travel tax hike, calling it a growth barrier. Ryan Air plans to redirect five million UK-bound seats to tax-friendly markets like Italy and Sweden. O’Leary warned of potential economic setbacks from these policies.
Foreign investors have recently begun selling Indian bonds due to rising U.S. yields and inflation concerns. However, high yields and upcoming inclusion in global indices like JPMorgan and FTSE Russell are expected to renew interest in India’s bond market.
Australia’s housing market spirals as surging demand outpaces dwindling supply; Soaring prices and rents leave many struggling to find a place to call home.
