6.1-magnitude earthquake strikes off Japan; no tsunami alert, Haryana to implement ‘No PUC, No Fuel’ policy in NCR from October 1, Mizoram completes 100 per cent digitisation under Special Intensive Revision of electoral rolls,

Global markets brace for consolidation amid inflation anxiety

As global markets continue their volatile journey amid economic uncertainties, investors are bracing themselves for a period of consolidation, ahead of release of inflation data from United States, United Kingdom and India, as hawkish commentary from the Federal Reserve and Reserve Bank of India and diminishing hopes of early rate cuts has turned investors cautious.With inflation data on the horizon, all eyes are on key indicators that could dictate market sentiment in the coming weeks. 
Moreover, this week marks the end of third quarter earnings season which has been a mixed bag so far. Many state-owned companies like Coal India, HAL, SAIL, Mazagaon Dock, ONGC, Nalco, Oil India, and IRCTC among others will be declaring their results which investors will keenly watch out for after the profit booking witnessed on Friday.
Apart from inflation, India’s industrial production along with US retail sales data will be tracked. Also, Japan, UK and Eurozone will release GDP numbers, according to information.The RBI's hawkish tone in its recent monetary policy announcement has tempered investor sentiment, despite maintaining status quo on interest rates. However, the positive assessment of domestic economic activity offers some respite amid concerns about inflation and policy tightening.

(Ira Singh, Asstt Editor, Gandhinagar)


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. NSA Doval holds talks with Chinese Foreign Minister Wang Yi

    Full Story

  1. Foreign delegates enjoy Malwa folk traditions at BRICS meet

    Full Story

  1. Foreign pilgrims flock to Mecca for hajj despite Mideast war

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

Digital arrest scam: CBI raids 80 locations, 2 nabbed

The CBI launched Operation Chakra-VI and conducted searches at more than 80 locations across 16 states to crackdown on cybercrime networks.

Read More

Opinion

Architecture of Hate: Polarisation as the final intoxicant

 In twentieth-century Europe, the Jewish community was cast as the ultimate ‘Internal Enemy’—a convenient explanation for economic collapse.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.