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The Indian government is considering lifting the suspension on futures trading for oil, oilseeds, and pulses, following pressure from the National Commodity & Derivatives Exchange (NCDEX). While discussions are ongoing, the ban on paddy and wheat futures is expected to remain. The NCDEX is advocating for the resumption of trading, citing the need for market maturity and reduced reliance on international price signals, as India imports a significant portion of its edible oil.
Global markets are shifting as CLSA adopts an overweight stance on Indian equities, with Moody's projecting India's growth at 7.2% for 2024 amidst global economic challenges. While India's strong domestic demand contrasts with China's economic struggles, recent declines in the Sensex and Nifty raise concerns over consumption and foreign outflows.
U.S. markets experienced significant fluctuations as Bitcoin faced its steepest decline since the election, fueled by uncertainty over President-elect Trump's crypto policies. Nvidia's AI chips encountered overheating issues, while Tesla could benefit from a potential EV tax credit phase-out. Meanwhile, Buffett's investments in Domino's and Pool Corp boosted their stock prices.
Restaurant executives are optimistic about 2025 following a challenging 2024 marked by a 50% increase in bankruptcy filings and declining traffic. However, recent data shows a 2.8% rise in fast-food traffic in October, and falling interest rates may boost consumer confidence and restaurant growth. Despite this, some chains continue to face headwinds, with value competition intensifying and concerns about a slow consumer recovery lingering.
Black Friday shopping is expected to be busier than ever, but many deals may not offer significant savings, with 35% of items at major retailers priced the same as before. Retailers are incentivizing early shopping due to potential shipping delays and a shorter holiday season. While fall clothing and electronics typically see steep discounts, beauty and footwear are better bought on Cyber Monday, and toys may be cheaper closer to Christmas.
The Swiss Federal Council has opted for a VAT increase to finance the 13th AHV pension, rejecting a mixed funding proposal that included higher employee contributions. This decision, influenced by a right-wing majority, faces challenges in Parliament and may lead to further discussions on pension reforms by 2026. A center-left alliance is pushing for a re-evaluation of the mixed financing solution, which could impact future pension funding strategies.
Moody’s Ratings forecasts a robust 7.2% growth for the Indian economy in 2024, driven by a rebound in household consumption and moderating inflation. The firm projects growth rates of 6.6% in 2025 and 6.5% in 2026, highlighting India's favorable macroeconomic position.
Moody’s Ratings projects India’s economy to grow at 7.2% in 2024, down from 7.7% in 2023, while inflation moderates. The agency highlights strong economic indicators, including expanding manufacturing and services, robust credit growth, and consumer optimism, signaling steady momentum.
Ben & Jerry's has filed a lawsuit against parent company Unilever, claiming it has been silenced over its support for Palestinian refugees and threatened with board dismantlement. The ice cream brand alleges Unilever breached a 2022 settlement by blocking its attempts to advocate for peace and human rights, while Unilever disputes these claims and emphasizes its commitment to all victims of the ongoing conflict. The tensions between the two companies have escalated since Ben & Jerry's decision to stop selling in the Israeli-occupied West Bank in 2021.
S&P 500 futures are flat as the market heads for a losing week, following a decline in major indexes after Federal Reserve Chairman Jerome Powell indicated no rush to cut interest rates. Applied Materials fell over 5% due to weak revenue guidance, while Domino’s Pizza surged more than 7% after Berkshire Hathaway's investment. Investors are awaiting key economic data on retail sales and industrial production, with Alibaba set to report earnings on Friday.
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Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
government considers lifting ban on futures trading for oil and pulses
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04:27 18.11.2024
India's economic resilience shines amid global market uncertainties and challenges
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03:56 18.11.2024
nvidia chips overheat bitcoin declines as markets react to policy uncertainties
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03:49 18.11.2024
restaurant industry executives optimistic for recovery despite recent challenges
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14:00 17.11.2024
strategies for maximizing savings during black friday and holiday shopping
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16:00 16.11.2024
Swiss government faces challenges in funding 13th AHV pension proposal
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14:07 16.11.2024
India's economy poised for 7.2 percent growth in 2024 according to Moody's
12:59 15.11.2024
India's economy poised for strong growth amid moderating inflation, says Moody's
07:00 15.11.2024
ben and jerrys sues unilever over silencing stance on gaza conflict
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02:52 15.11.2024
s and p 500 futures remain flat as market shows signs of weakness
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00:02 15.11.2024
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