Financial Advisers News
Tuesday, January 31, 2023
  • Market Overview
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    Russia-Ukraine war updates for Nov.30, 2022

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    FTX CEO Sam Bankman-Fried denies crypto exchange fraud

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

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    Trenches, endless mud and death: the Battle of Bakhmut

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    Stock futures tick higher after Wednesday’s rally

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    MARKET LIVE: Sensex off 300pts from high, Nifty holds 18,800; ICICI slips

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  • Stock Markets
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    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

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    Coppock Curve: Who Says ‘You Can’t Time The Market’?

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    Rondure Global Advisors Q3 2022 Commentary

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    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

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    Macro Headwinds To Keep Pressure On Copper Prices

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    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    Meta executive says holiday sales were earlier and bigger this year By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

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    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

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  • Analysis Forex
    Pension Investments in Private Credit Hit Eight-Year High

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    Most Viewed Business News Articles, Top News Articles

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    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Inequality in Society Drives Stock-Market Performance

    Inequality in Society Drives Stock-Market Performance

    Being a Cheap Date Is Suddenly a Major Plus

    Being a Cheap Date Is Suddenly a Major Plus

    Car Makers Face Bumpier Road in China

    Car Makers Face Bumpier Road in China

    Meet Kevin, the ETF – WSJ

    Meet Kevin, the ETF – WSJ

  • Economy
    Goldilocks and the three bears By Reuters

    Goldilocks and the three bears By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    Indonesia November inflation cools further but stays above target By Reuters

    U.S. appeals court rejects Biden’s bid to revive student debt plan By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    IMF strategy chief heads to China, to focus on speeding up debt treatments By Reuters

    Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

    European shares jump on Powell’s speech, China relief By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

    China factory, services activities slide to 7-month lows on COVID curbs By Reuters

    Zambia on track for debt restructuring next quarter -finance minister By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    At state visit, Biden and Macron face dispute over American subsidies By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll By Reuters

  • Cryptocurrency
    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Over 3,000 New UNI Addresses Following NFT Aggregator Launch By CoinEdition

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    FTX Token caused downfall, but tech still revolutionary By Cointelegraph

    Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more… By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

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    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

  • Forex
    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    Swiss inflation steady at 3.0% in November as expected By Reuters

    Euro sags against sterling after euro zone inflation cools By Reuters

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

  • Commodities
    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    Exclusive: China to allow home quarantine for some infected with COVID

    EU defends gas price cap proposal after country criticism By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

  • Bonds
  • More
    • Analysis Cryptocurrency
    • Economic Indicators
      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Investors need a different playbook for 2023

      Investors need a different playbook for 2023

      Fed hints at less aggressive rate increase

      Fed hints at less aggressive rate increase

      FirstFT: EU and US turn up the heat on Elon Musk

      FirstFT: EU and US turn up the heat on Elon Musk

      Jay Powell is no dove

      Jay Powell is no dove

      Emerging market stocks and bonds stage powerful rebound rally

      Emerging market stocks and bonds stage powerful rebound rally

      Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

      India’s jobless rate rises to three-month high of 8% in Nov

      Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

      India Nov factory activity hits 3-month high as inflation cools By Reuters

      Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

      German retail sales fall in October as inflation takes hold By Reuters

    • Analysis Stock Markets
    • Crypto News
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  • Market Overview
    Most Adani shares continue losses; founder loses $28 billion in month

    Most Adani shares continue losses; founder loses $28 billion in month

    Russia-Ukraine war updates for Nov.30, 2022

    Russia-Ukraine war updates for Nov.30, 2022

    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

    Young disgruntled workers are flocking to Reddit. Here’s why

    Young disgruntled workers are flocking to Reddit. Here’s why

    FTX CEO Sam Bankman-Fried denies crypto exchange fraud

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    Trenches, endless mud and death: the Battle of Bakhmut

    Trenches, endless mud and death: the Battle of Bakhmut

    Stock futures tick higher after Wednesday’s rally

    Stock futures tick higher after Wednesday’s rally

    MARKET LIVE: Sensex off 300pts from high, Nifty holds 18,800; ICICI slips

    MARKET LIVE: Sensex off 300pts from high, Nifty holds 18,800; ICICI slips

  • Stock Markets
    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Rondure Global Advisors Q3 2022 Commentary

    Rondure Global Advisors Q3 2022 Commentary

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Macro Headwinds To Keep Pressure On Copper Prices

    Macro Headwinds To Keep Pressure On Copper Prices

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    Meta executive says holiday sales were earlier and bigger this year By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

  • Analysis Forex
    Pension Investments in Private Credit Hit Eight-Year High

    Pension Investments in Private Credit Hit Eight-Year High

    Most Viewed Business News Articles, Top News Articles

    Most Viewed Business News Articles, Top News Articles

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

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    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

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    Inequality in Society Drives Stock-Market Performance

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    Car Makers Face Bumpier Road in China

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    Meet Kevin, the ETF – WSJ

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  • Economy
    Goldilocks and the three bears By Reuters

    Goldilocks and the three bears By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    Indonesia November inflation cools further but stays above target By Reuters

    U.S. appeals court rejects Biden’s bid to revive student debt plan By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    IMF strategy chief heads to China, to focus on speeding up debt treatments By Reuters

    Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

    European shares jump on Powell’s speech, China relief By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

    China factory, services activities slide to 7-month lows on COVID curbs By Reuters

    Zambia on track for debt restructuring next quarter -finance minister By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    At state visit, Biden and Macron face dispute over American subsidies By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll By Reuters

  • Cryptocurrency
    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Over 3,000 New UNI Addresses Following NFT Aggregator Launch By CoinEdition

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    FTX Token caused downfall, but tech still revolutionary By Cointelegraph

    Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more… By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

  • Forex
    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    Swiss inflation steady at 3.0% in November as expected By Reuters

    Euro sags against sterling after euro zone inflation cools By Reuters

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

  • Commodities
    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    Exclusive: China to allow home quarantine for some infected with COVID

    EU defends gas price cap proposal after country criticism By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

  • Bonds
  • More
    • Analysis Cryptocurrency
    • Economic Indicators
      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Investors need a different playbook for 2023

      Investors need a different playbook for 2023

      Fed hints at less aggressive rate increase

      Fed hints at less aggressive rate increase

      FirstFT: EU and US turn up the heat on Elon Musk

      FirstFT: EU and US turn up the heat on Elon Musk

      Jay Powell is no dove

      Jay Powell is no dove

      Emerging market stocks and bonds stage powerful rebound rally

      Emerging market stocks and bonds stage powerful rebound rally

      Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

      India’s jobless rate rises to three-month high of 8% in Nov

      Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

      India Nov factory activity hits 3-month high as inflation cools By Reuters

      Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

      German retail sales fall in October as inflation takes hold By Reuters

    • Analysis Stock Markets
    • Crypto News
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RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll By Reuters

December 1, 2022
in Economy
Dollar slips from one-week high on China hopes as Powell speech looms By Reuters
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RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll© Reuters. FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain

By Shaloo Shrivastava

BENGALURU (Reuters) – The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by Reuters who expect another modest move up early next year to curb lingering inflation pressures.

A strong two-thirds majority said it was still too soon for the central bank to take its eye off inflation, which slowed to 6.77% in October having stayed above the upper end of the RBI’s 2-6% tolerance band all year.

The expectations for a more modest rate rise follow a series of 50 basis point hikes by the RBI, and coincides with expectations that the U.S. Federal Reserve will shift to smaller rate rises at its policy meeting this month.

Thirty-three, or more than 60%, of the 52 economists polled between Nov. 22-30 said the RBI would raise its key repo rate by 35 basis points to 6.25% at its Dec. 5-7 policy meeting.

Eleven said it would continue hiking by 50 basis points, while another eight respondents said 25 bps.

“A 50 bps hike would be too aggressive given that inflation has started showing signs of moderation and is progressing in line with the RBI’s projections,” said Sakshi Gupta, principal India economist at HDFC.

“The terminal rate in this cycle is expected to be 6.50% and the path to this is likely to be split between two rate hikes — 35 bps in December and then 25 bps in February.” 

With inflation expected to remain above the 4.00% midpoint of the RBI’s target for the next two years, rates are set to go a bit higher still, with most economists seeing an upside risk to their forecasts.

The RBI also has to consider the potential pressure on the rupee if it falls behind expected increases in U.S. rates.

“The risk that the Fed tightens even more than current pricing of close to 5% is reasonably high and that could keep pressure on emerging market central banks such as the RBI to abstain from signalling the end of rate hikes,” said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.

Despite poll medians showing the repo rate topping out at 6.50% by end-March, there was no consensus among economists over the RBI’s final rate move in this cycle.

Economists were evenly split between no increase and a hike of 25 bps at the February meeting, with 44 of 52 expecting those outcomes. Among the rest, five predicted a 35 bps hike, and there were lone forecasts for 10 bps, 15 bps and 40 bps.

The survey also showed expectations that inflation would average 6.7% for the fiscal year ending March 31, and then fall to 5.2% in fiscal 2023-24.

Radhika Rao, senior economist at DBS Bank, said a sharp run-up in commodity prices, supply-side shocks, resilience in domestic demand engines and a prolonged global tightening cycle that would put pressure on the rupee were risks “that might convince the RBI to consider extending its rate hike cycle.”

Gross domestic product (GDP) growth for July-September was reported at 6.3%, matching the RBI’s own forecasts.

More than 70% of economists, 20 of 28, who answered an additional question in the poll, taken before the GDP release, said it was still too early for the RBI to shift its focus from inflation to growth.

Economists who answered a separate question pegged India’s potential economic growth rate for the next 2-3 years at 6%-7%. They forecast the annual growth rate to average 6.8% and 6.2% this fiscal year and next, respectively.

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