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World Street | Fed's rate-cut forecast, NASDAQ stake sale, Hindenburg's new target and more

Money ControlMoney Control · 1y ago
World Street | Fed's rate-cut forecast, NASDAQ stake sale, Hindenburg's new target and more
Medial

The US Federal Reserve plans to reduce interest rates by three-quarters of a percentage point by the end of 2024. NASDAQ's top shareholder, Borse Dubai, will sell shares worth $1.6 billion to private equity firm Thoma Bravo, resulting in a reduced stake in NASDAQ. Hindenburg Research has taken a short position in Equinix, a data center company, alleging inflated profitability metrics. Intel is set to spend $100 billion on expanding its manufacturing capacity, potentially receiving further tax breaks. Lonza, a Swiss contract drug manufacturer, plans to acquire a biologics site in California from Roche for $1.2 billion. Chipotle Mexican Grill's stock price surpassed $3,000 for the first time after a 50-for-1 stock split was approved.

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Fed must manage rate cut timing judiciously in election year; Oil may top $90/bbl: Peter McGuire

Money ControlMoney Control · 1y ago
Fed must manage rate cut timing judiciously in election year; Oil may top $90/bbl: Peter McGuire
Medial

The US Federal Reserve has maintained its guidance of three rate cuts for the year, bringing more certainty to the market and sparking a rally in equities and gold. The first rate cut is predicted to come in June, and the Fed's dovish stance has boosted confidence in the market. Oil prices are also expected to continue rising, possibly surpassing $90 per barrel. Gold and Bitcoin are performing well, with gold showing strong momentum and Bitcoin likely to increase in value by the end of the month. The Bank of Japan's decision to hike interest rates may still make the yen carry trade attractive, but attention should be paid to the trajectory of the US dollar.

As RBI relents on policy stance, what is the outlook for Indian equities?

Money ControlMoney Control · 9m ago
As RBI relents on policy stance, what is the outlook for Indian equities?
Medial

the MPC meeting, several factors were considered that led to the change in policy stance: 1. Economic slowdown: The Indian economy has been facing a slowdown, with GDP growth falling to its lowest level in recent years. The rate cut is expected to provide a boost to the economy and revive growth. 2. Inflation outlook: The inflation rate has remained well within the RBI's target range, providing room for a rate cut. Lower interest rates can help stimulate consumption and investment, driving inflation higher. 3. Global factors: Weak global growth and uncertainty due to trade tensions have also influenced the decision. The RBI believes that a rate cut could help counter potential external risks and support domestic demand. 4. Liquidity conditions: The banking system has been facing liquidity constraints, which have impacted credit flow in the economy. The rate cut is expected to improve liquidity conditions and make credit more easily available. 5. Policy transmission: Despite previous rate cuts, the benefits were not fully passed on to borrowers. The RBI expects that a change in policy stance will encourage banks to transmit the rate cut to borrowers more effectively. 6. Market expectations: Market participants were anticipating a rate cut, and the change in policy stance aligns with these expectations. This move is seen as a positive signal for the stock markets and investor sentiment.

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