Wednesday Morning Briefing: Global Setup
Asian markets are down for the first time in four days, with the strength in the yen weighing on Japanese shares.
The dollar dropped as bets of a Federal Reserve rate hike in 2016 remained below 50 percent. On Tuesday, U.S. stocks closed near a record, with the S&P 500 Index closing flat around the 18,530 mark.
Crude oil fell below $43 a barrel, after data from the American Petroleum Institute showed that U.S. stockpiles increased 2.09 million barrels last week. Meanwhile the Energy Information Administration raised its U.S. oil output estimate for 2017, but predicted that global consumption will outstrip supply next year.
Gold extended its rally from its lowest price this month, as investors returned to safe havens.
The SGX Nifty is trading little changed around the 8,700 mark, indicating a muted start for Indian equities. Investors will react to poor June quarter earnings from government owned banks like Indian Overseas Bank, UCO Bank and United Bank of India.
Some of the companies that report earnings today include Mahindra and Mahindra Ltd., and Motherson Sumi Systems Ltd.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
