Consumer Cash, Aussie GDP, Polish Rates: Eco Day
(Bloomberg) -- Welcome to Wednesday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- It's budget day in the U.K. Chancellor Rishi Sunak will extend furlough payments to U.K. workers until the end of September, and here's what else to be on the lookout for
- Consumers in the world's largest economies amassed $2.9 trillion in extra savings during Covid-related lockdowns, a vast cash hoard that creates the potential for a powerful recovery from the pandemic recession
- Meantime, Bloomberg Economics' model suggests the main driver for bond market volatility is expectations of a more robust U.S. recovery
- Australia's economy maintained its rapid recovery in the final three months of 2020 as households tapped their savings to consume and firms boosted investment, highlighting the nation's successful pandemic response
- The ECB slowed emergency bond-buying last week, suggesting policy makers mostly relied on verbal interventions to stem rising yields
- Fed Governor Lael Brainard said it will take “some time” to meet the conditions needed for scaling back asset purchases
- Poland's central bank will likely keep interest rates unchanged at a record low as it weighs the impact of accelerating inflation against the threat of new Covid-19 restrictions stifling economic growth
- Here's a guide to China's biggest political meeting of 2021
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Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
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Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
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Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
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AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
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Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
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The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
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Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
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'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
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Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
