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Khan Market in New Delhi has maintained its status as one of the world's most expensive high-street retail locations, with annual rents reaching $229 per square foot. This reflects India's strong economic growth, which has led to a 9% increase in retail rents, outpacing the global average of 4.4%. In comparison, the priciest retail area globally is Via Montenapoleone in Italy, where rents have surged to $2,047 per square foot.
Khan Market in New Delhi has maintained its status as one of the world's most expensive high-street retail locations, with rental costs reaching $229 per square foot annually as of September. This figure surpasses Toronto's Bloor Street by $7, reflecting a 9% increase in rents across 16 retail areas in India, compared to a global average growth of 4.4%.
India's real estate sector is poised for a significant boost, with equity investments expected to exceed $10 billion in 2024, up from $7.4 billion last year. This surge is driven by strong leasing activity, which rose 46% in the first nine months of the year, fueled by global corporations establishing offshore operations and sustained demand from domestic businesses, particularly in IT and manufacturing.
UK day-ahead power prices have increased for a second consecutive session, driven by a cold snap that has heightened demand for heating. With wind generation expected to decline significantly, over-the-counter prices for baseload power have risen by as much as 3.4%, according to broker data.
Bank of Japan Governor Kazuo Ueda indicated that the upcoming monetary policy meeting in December will feature a live discussion on the possibility of raising interest rates. He emphasized the unpredictability of the meeting's outcome, noting that significant data will emerge in the month leading up to it.
Norway's economy experienced its fastest growth in nearly two years, with mainland GDP rising 0.5% in the last quarter, surpassing analysts' expectations of 0.3%. This acceleration supports predictions that the central bank may start easing borrowing costs in the first quarter.
India's central bank is actively working to maintain currency stability to protect the economy from global financial risks and spillovers. This approach aims to ensure financial stability amid increasing international uncertainties.
UK government borrowing in October reached £17.4 billion, significantly exceeding the £13.3 billion forecast by economists, marking the second-highest deficit for the month on record. This brings total borrowing for the first seven months of the fiscal year to £96.6 billion, which is £1.1 billion higher than the same period last year.
Germany's strict borrowing rules, long supported by conservative leaders, are facing scrutiny as the country approaches a snap election in February. Critics argue for a necessary overhaul to allow more flexibility in funding essential investments in infrastructure, energy, and defense. Even leading chancellor candidate Friedrich Merz acknowledges the need for change.
Goldman Sachs projects the Nifty 50 index to reach 27,000 by the end of 2025, while anticipating a range-bound market in the near term. The brokerage expects a flat performance over the next three months, with a target of 24,000, due to weak earnings and high valuations amid a cyclical slowdown in domestic growth.

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