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REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.

Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ New Delhi air pollution: Why can’t India’s capital clean up its toxic air like Beijing?
▼ + stars: | 2023-11-16 | by ( Rhea Mogul | ) edition.cnn.com time to read: +11 min

“It’s an invisible killer,” said Jyoti Pande Lavakare, author of “Breathing Here is Injurious to Your Health: The Human Cost of Air Pollution” and co-founder of clean air non-profit Care for Air. China’s capital has since cleaned up its act, which begs the question: if Beijing can clean up its toxic air, why can’t India too? A key moment in China’s fightback came in 2013, when the government started to invest billions of dollars into a national air pollution action plan. Hundreds of thousands of lives savedChina’s raft of clean air policies have been so successful, they have saved hundreds of thousands of lives, research has shown. They say Kejriwal’s team has done little in terms of implementing effective policies to clean New Delhi’s air.

Persons: “, ”, Jyoti Pande Lavakare, Arun Sankar, China’s, –, Wang Zhao, China’s fightback, Frank Christian Hammes, IQAir, Sunil Dahiya, Dahiya, Stringer, Arvind Kejriwal, Kejriwal, Virendra Sachdeva, Sanjay Kishan Kaul, Sudhanshu Dhulia, Raj K Raj, “ You’re Organizations: CNN, Health, Pollution, Air, Getty, United, Global, Energy, Institute, University of Chicago, Centre for Research, Clean, Bloomberg, Beijing, Care for Air, Aam Aadmi Party, Bharatiya Janata Party, AAP, Ministry of Environment, Hindustan Times Locations: Delhi, Beijing, India, ”, AFP, United States, China, Swiss, New Delhi, Haryana, Punjab, Uttar Pradesh, New, Indonesia, Malaysia, Care, CREA, IQAir

☆ Crack in US dollar strength to spread as economy slows: Reuters poll
▼ + stars: | 2023-11-08 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Suggesting the current dollar weakening trend has further to go, a near two-thirds majority of analysts, 28 of 45, who answered a separate question said the dollar is likely to trade lower than current levels against major currencies by year-end. The euro zone economy shrank 0.1% last quarter and is expected to flat-line in this one, barely skirting a recession. The Japanese yen, the worst-performing major currency for the year, is expected to remain under pressure in the near-term. The yen is expected to gain over 10% to change hands at 136/dollar in a year, the poll showed. Emerging market currencies are expected to take well into next year to post noticeable gains against a retreating U.S. dollar.

Persons: Florence Lo, we’ve, ”, Lee Hardman, “ It’s, we’re, Simon Harvey, Sterling Organizations: REUTERS, Federal Reserve, MUFG, Futures Trading, U.S, “ Locations: BENGALURU, U.S, Europe

After getting battered for most of 2023, emerging market (EM) currencies have made modest gains against the dollar after the Federal Reserve held interest rates steady last week and data suggested the U.S. economy might finally be slowing. That dollar weakening trend was likely to hold in the near-term as a majority of analysts in the Nov. 3-7 Reuters poll expected the dollar to trade lower by year-end. "So it's difficult to see the EM currencies recoup some of the sharp losses that we've seen in the last few months. Although EM currencies gained at the beginning of 2023 and investors brimmed with positivity after China's post-COVID reopening, economic performance in the world's second largest economy has been mostly underwhelming. "Easier Fed monetary policy should also take some pressure off select emerging market currencies in the second half of next year," noted Nick Bennenbroek, international economist at Wells Fargo.

Persons: We've, Mitul Kotecha, we've, it's, Nick Bennenbroek, Devayani Sathyan, Anant Chandak, Hari Kishan, Ross Finley, Mark Potter Organizations: Federal Reserve, Reuters, FX, Asia, Barclays, South Korean, Thomson Locations: BENGALURU, JOHANNESBURG, U.S, Brazilian, Wells Fargo

☆ India's top court tells states to stop crop burning as New Delhi's air turns hazardous
▼ + stars: | 2023-11-07 | by ( Shivam Patel | ) www.reuters.com time to read: +3 min

Air quality dips every year ahead of winter, when calm and cold winds trap pollutants from sources including vehicles, industries, construction dust, and agricultural waste burning. Delhi has stopped local construction, closed primary schools till Nov. 10 and will impose restrictions on use of vehicles next week to fight pollution, but it wants its neighbouring states to control crop residue burning. At 2 p.m. on Tuesday, the real time air quality index stood at 306, a level categorised as 'hazardous' by Swiss group IQAir. "We direct the state government of Punjab and adjacent states to Delhi - Haryana, Rajasthan and Uttar Pradesh - to ensure that crop (residue) burning is stopped forthwith," Supreme Court judge Justice Sanjay Kishan Kaul said. Farmers in Punjab and Haryana usually burn crop stubble left behind after rice is harvested in late October or early November to quickly clear their fields before planting wheat crops.

Persons: Anushree, Boulton, Sanjay Kishan Kaul, SAFAR, Justice Kaul, Kaul, Simon Cameron, Moore Organizations: REUTERS, NEW, Farmers, Thomson Locations: Karnal district, Haryana, India, NEW DELHI, New Delhi, Delhi, Swiss, Punjab, Rajasthan, Uttar Pradesh

☆ Inflation to dog world economy next year, postponing rate cuts: Reuters poll
▼ + stars: | 2023-10-27 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Despite broad success in bringing inflation down from its highs - the easier bit - prices are still rising faster than most central banks would prefer and hitting their inflation targets is likely to be tough. The Reserve Bank of New Zealand, which often leads the interest rate cycle, was also forecast to wait until July-September 2024 before cutting. The majority backing no cuts until the second half of 2024 has also grown stronger for the Reserve Bank of Australia, Bank Indonesia and the Reserve Bank of India. Even the Bank of Japan, the outlier sticking to ultra-loose policy through this entire round of inflation, is now expected to abandon negative interest rates next year. Crucially, most economists agree the first easing steps will not be the beginning of a rapid series of cuts.

Persons: Sarah Silbiger, Christine Lagarde, Douglas Porter, it's, Nathan Sheets, Hari Kishan, Ross Finley, Tomasz Janowski Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, U.S . Federal Reserve, European Central Bank, ECB, Fed, BMO, Reserve Bank of New, Reserve Bank of Australia, Bank, Reserve Bank of India, Bank of Japan, Citi, Thomson Locations: Mount Pleasant, Washington ,, BENGALURU, Reserve Bank of New Zealand, Bank Indonesia, Bengaluru, Buenos Aires, Cairo, Istanbul, Johannesburg, London, Shanghai, Tokyo

☆ India's festival season to bring some cheer to economy, say economists
▼ + stars: | 2023-10-26 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

Nearly 75% of economists, 25 of 33, said spending during this year's festival season, which lasts from October through December, will be higher compared to last year. Among those, 21 said slightly higher and four said significantly higher. "From a year-on-year growth rate perspective, it may not be a substantial upside so to speak." Economists generally agree India needs an even higher growth rate to generate enough jobs for millions of young people who enter the workforce every year. When asked what was India's potential economic growth rate over the next 2-3 years, economists returned a median range of 6.0%-7.0%.

Persons: Anushree, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, Ross Finley, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Reserve Bank of, ANZ Research, Oxford Economics, Thomson Locations: Delhi, India, Reserve Bank of India

☆ Rohit flattens Afghanistan as India romp to second win
▼ + stars: | 2023-10-11 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

[1/9] Cricket - ICC Cricket World Cup 2023 - India v Afghanistan - Arun Jaitley Stadium, New Delhi, India - October 11, 2023 India's Rohit Sharma in action as he hits four runs REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Oct 11 (Reuters) - World Cup hosts India cantered to their second successive win of the tournament after captain Rohit Sharma's incendiary century set up their eight-wicket thrashing of Afghanistan on Wednesday. Electing to bat, Afghanistan were 63-3 in the 14th over before skipper Hashmatullah Shahidi (80) and Azmatullah Omarzai (62) combined in a 121-run stand to frustrate India. Rohit became the first batter to smash five hundreds in a single World Cup in the tournament's previous edition in England and Wales four years ago. Rohit treated Rashid with disdain, hitting him for back-to-back fours and following it with a six, but the spinner eventually had his revenge. Rohit lost his stumps to Rashid attempting a slog-sweep but Kohli stayed put to guide India home.

Persons: Arun Jaitley, India's Rohit Sharma, Anushree, India cantered, Rohit, Virat Kohli, Hashmatullah Shahidi, Azmatullah Omarzai, Hashmatullah, Jasprit Bumrah, Ibrahim Zadran, Mohammed Siraj, Bumrah, Rahmanullah Gurbaz, Rahmat Shah, Omarzai, Pandya, Kuldeep Yadav, Fazalhaq Farooqi, Rashid Khan, Mohammad Nabi, Rashid, Ishan Kishan, Kohli, Amlan Chakraborty, Christian Radnedge, Ed Osmond Organizations: Cricket, ICC Cricket, India, Arun, India's, Wales, Thomson Locations: India, Afghanistan, New Delhi, DELHI, Saturday's, Pakistan, Ahmedabad, England

☆ India back Iyer at four despite Chennai duck
▼ + stars: | 2023-10-10 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

Iyer returned from a back injury recently to reclaim his number four position and scored a three-ball duck in Sunday's opener against Australia. Chasing 200 for victory, India were in trouble after both openers -- Ishan Kishan and skipper Rohit Sharma -- had fallen before they could open their account. Former India stalwart Yuvraj Singh was aghast at Iyer's casual drive that David Warner pouched at short cover. Number five Rahul made an unbeaten 97 to secure India's victory after forging a match-winning partnership with Virat Kohli in Chennai. He understands the moment, that was the reason he has been in the team," Rathour said.

Persons: India's Shreyas Iyer, Australia's Mitchell Starc, Mohammed Siraj REUTERS, Adnan Abidi, KL Rahul, Vikram Rathour, Iyer, Kishan, Rohit Sharma, Yuvraj Singh, David Warner pouched, Yuvraj, India's, Rahul, Virat Kohli, Rathour, Shreyas, Shubman Gill, Amlan Chakraborty, Ed Osmond Organizations: Cricket, ICC Cricket, Chidambaram, KL, Afghanistan, Australia, Thomson Locations: India, Australia, Chennai, DELHI, New Delhi

☆ Indian inflation seen easing to 5.50% in Sept on softening food price rises: Reuters poll
▼ + stars: | 2023-10-10 | by ( Milounee Purohit | ) www.reuters.com time to read: +2 min

Rises in food prices, which make up about half the consumer price index (CPI), continue to cool from recent peaks after the Indian government enacted a series of measures to boost supply. "Having said that, the persistent part of the food inflation problem remains there, which is cereals, pulses and spices, and I think the RBI can't do much about it anyway." Rising crude oil prices are also likely to keep inflation elevated in the world's third-largest oil importer. Oil prices rose around 3% on Monday to trade around $90 a barrel. "Oil prices ... are likely to remain high over the remainder of the year on global supply concerns," said Alexandra Hermann at Oxford Economics.

Persons: Amit Dave, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Veronica Khongwir, Hari Kishan, Mark Potter Organizations: REUTERS, Reserve Bank of India's, CPI, ANZ Research, Oxford, Inflation, Thomson Locations: Ahmedabad, India, BENGALURU

☆ India's Gill to miss Afghanistan match
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

Cricket - First One Day International - India v Australia - Wankhede Stadium, Mumbai, India - March 17, 2023 India's Shubman Gill in action REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsOct 9 (Reuters) - Shubman Gill will miss India's World Cup meeting with Afghanistan, the country's cricket board (BCCI) said on Monday, as the in-form opener continues his recovery from dengue fever. "India batter Shubman Gill will not be travelling with the team to Delhi on Oct. 9, 2023," the BCCI said in a statement. "He will stay back in Chennai and will be under the supervision of the medical team." In India's win over Australia, Gill was replaced by Ishan Kishan, who is likely to once again open alongside Rohit against Afghanistan in New Delhi on Wednesday. Reporting by Aadi Nair in Bengaluru Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Shubman Gill, Francis Mascarenhas, Gill, Rohit Sharma, Ishan Kishan, Rohit, Aadi Nair, Christian Radnedge Organizations: Wankhede, BCCI, Australia, Thomson Locations: India, Australia, Mumbai, Afghanistan, Delhi, Chennai, New Delhi, Bengaluru

☆ Undeterred by dollar's renewed strength, analysts see weakness ahead: Reuters poll
▼ + stars: | 2023-10-05 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. Adam Cole, the chief currency strategist at RBC, says he is biased toward a stronger dollar but admits the prevailing foreign exchange view in markets remains a tough nut to crack. "If you look at consensus forecasts, the consensus has been dollar negative for five years now and it hasn't worked," Cole said. One notable outlier among major central banks is the Bank of Japan, which has made the yen one of the worst-performing major currencies this year, down over 13%. (For other stories from the October Reuters foreign exchange poll:)Reporting by Hari Kishan; Polling by Prerana Bhat, Purujit Arun, Pranoy Menon and Anant Chandak; Editing by Ross Finley and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Rick Wilking, Adam Cole, hasn't, Cole, Jane Foley, Rabobank's Foley, Hari Kishan, Prerana Bhat, Purujit Arun, Pranoy Menon, Anant Chandak, Ross Finley, Paul Simao Organizations: REUTERS, Rights, greenback, Treasury, RBC, U.S, Futures, Bank of Japan, Rabobank, Reuters, Central Bank, Thomson Locations: Westminster , Colorado, U.S

☆ India out to end decade of hurt at home World Cup
▼ + stars: | 2023-10-01 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +3 min

India won the Asia Cup last month, beating former world champions Pakistan and Sri Lanka at the tournament, and have all their frontline players available after welcoming back Jasprit Bumrah, KL Rahul and Shreyas Iyer from injury. Rohit has spoken frequently about his desire to win a global title and even as firecrackers were going off in Colombo after the Asia Cup final the opener told fans to put their celebrations on hold until they win the World Cup. HOME ADVANTAGEHome comforts could prove crucial at the World Cup. Kohli may not get another chance to win the World Cup as he will be almost 39 by the time the next edition rolls in 2027. Perched on his team mates' shoulders on a victory lap of the world's largest cricket stadium after the Oct. 19 final would be a fitting World Cup farewell for another Indian batting great.

Persons: Rohit Sharma, Shreyas Iyer, Rohit, Shubman Gill, Virat Kohli, Ishan Kishan, Suryakumar Yadav, Bumrah, wristspinner, Pandya, Kohli, Mahendra Singh, Sachin Tendulkar, Amlan Chakraborty, Peter Rutherford Organizations: India, Asia, Pakistan, Australia, Thomson Locations: DELHI, India, Sri Lanka, Colombo, Mumbai, New Delhi

☆ Ruthless India rout Sri Lanka to win Asia Cup as paceman Siraj shines
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +3 min

Hardik Pandya bagged three wickets while Jasprit Bumrah claimed one as Sri Lanka registered their second lowest total in one-day internationals, lasting only 92 balls. India needed 6.1 overs to achieve the target for a timely boost before their home World Cup beginning next month. "It's like a dream," Siraj, who became only the fourth bowler to take four wickets in an over in ODIs, said after the Sri Lanka innings. "I got four early wickets last time I played Sri Lanka (earlier this year) but unfortunately I could not register a five-wicket haul. Bumrah removed Kusal Perera in the first over to trigger a collapse and the Sri Lanka batters looked helpless as Siraj breathed fire with the new ball.

Persons: Mohammed Siraj, Siraj, Pathum Nissanka, Sadeera, Charith, Dhananjaya de Silva, Hardik Pandya, Jasprit Bumrah, Kusal Perera, Kusal Mendis, Dushan Hemanta, Rohit Sharma, Ishan Kishan, Shubman Gill, Kishan, Gill, Chris Silverwood bemoaned, Amlan Chakraborty, Ken Ferris Organizations: Asia, Sri Lanka, Sri, Thomson Locations: COLOMBO, India, Sri Lanka, Australia, Chennai, New Delhi

☆ Bank of England to raise Bank Rate to 5.50% in September, significant minority expect further hike: Reuters poll
▼ + stars: | 2023-09-14 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +4 min

Nearly all 65 economists in the Sept. 11-13 Reuters poll expected the BoE to hike its Bank Rate by 25 basis points to 5.50% this month, in line with interest rate futures pricing. Survey medians showed the Bank Rate was expected to peak at 5.50%, matching rate futures pricing, and stay there until mid-2024. While 28 economists expected the Bank Rate to peak at 5.75%, two said 6.00%. Nine of 16 gilt-edged Market Makers (GEMMs) that participated in the poll predicted a 5.50% peak rate and seven said 5.75%. A separate Reuters poll showed average house prices in Britain were predicted to fall 4% this year and flatline in 2024 before rising in 2025.

Persons: BoE, Maja Smiejkowska, Ellie Henderson, BoE Governor Andrew Bailey, Catherine Mann, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Maneesh Kumar, Pranoy, Ross Finley, Hari Kishan, Mark Potter Organizations: Bank of England, REUTERS, Rights, Reuters, HSBC, MPC, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain, Investec

☆ India in Asia Cup final after beating Sri Lanka
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +3 min

Dunith Wellalage (5-40) wrecked India's top order while Charith Asalanka (4-18) mowed down the tail to restrict India to a below-par total. "It was a good game," India captain Rohit Sharma said after their victory. The target was modest but Sri Lanka were soon grappling with a collapse of their own. Kuldeep Yadav (4-43) struck in successive overs and Ravindra Jadeja removed home captain Dasun Shanaka to reduce Sri Lanka to 99-6. Wellalage and de Silva combined in a 63-run partnership to revive Sri Lanka but once Jadeja separated them, Sri Lanka collapsed in a heap.

Persons: India's Rohit Sharma, Peter Cziborra, Dunith Wellalage, Charith Asalanka, Sri Lanka's, Dhananjaya de Silva, Rohit Sharma, Rohit, Shubman Gill, Wellalage, Virat Kohli, Kohli, Ishan Kishan, Asalanka, Axar Patel's, Jasprit Bumrah, Kuldeep Yadav, Ravindra Jadeja, Dasun Shanaka, de Silva, Amlan Chakraborty, Toby Davis Organizations: Trent, Rights, Asia, Sri Lanka, Sri, Pakistan, 241st, KL, Thomson Locations: England, India, Nottingham, Britain, Pakistan, Lanka, Sri Lanka, New Delhi

☆ Dollar to stay bright this year before fading in 2024, analysts say: Reuters poll
▼ + stars: | 2023-09-07 | by ( Sarupya Ganguly | ) www.reuters.com time to read: +3 min

Backed by a strong economy and rising U.S. Treasury yields, some of the highest among developed economies, the dollar despite bouts of weakness has stayed resilient against most major currencies. That strong performance has brought the long-held view of a weaker dollar in the short to medium term under review. A solid 81% majority of analysts, 43 of 53, who answered an additional question said the risk to their dollar outlook was to the upside, the Sept. 1-6 Reuters poll showed. Elsewhere, other Asian currencies stand to face significant friction in recouping losses for the year, according to the poll. Almost all were forecast to at best stay within a range or trade modestly higher against the dollar in coming months.

Persons: Jane Foley, Lee Hardman, pare, Sterling, Sarupya Ganguly, Sujith Pai, Devayani, Pranoy, Hari Kishan, Andrea Ricci Organizations: Treasury, . Federal, Rabobank, Argentine, Thomson Locations: BENGALURU, China, America, Brazilian

☆ Aussie home price downturn over, to rise this year and next
▼ + stars: | 2023-08-31 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

The Aug. 14-29 Reuters survey of 14 analysts forecast home prices will rise 4.4% this calendar year, a significant upgrade from the flat-lining predicted in a poll published in June. In 2024, average house prices were forecast to drift up another 5%, in line with the latest New Zealand home price poll forecast and a slight increase from 4.5% in the previous poll. With many aspiring homebuyers kept away from ownership and remaining in the rental market, average lease prices were also expected to rise sharply. "Unfortunately, most indicators suggest the squeeze has longer to run with additional supply unlikely to come onto the rental market anytime soon." Home prices in Sydney were forecast to rise 6.9% this year and 5.0% next, while prices in Melbourne, Brisbane, Adelaide, and Perth were expected to rise between 3% and 6% in 2023 and 2024.

Persons: Michelle Ciesielski, Knight Frank, Ciesielski, homebuyers, Matthew Hassan, Devayani Sathyan, Susobhan Sarkar, Hari Kishan, David Holmes Organizations: Reserve Bank of Australia, Westpac, Thomson Locations: New Zealand, Australia, Sydney, Melbourne, Brisbane, Adelaide, Perth

☆ Global stock market correction likely before year-end: Reuters poll
▼ + stars: | 2023-08-23 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummary poll dataReuters poll graphic on global stock market outlookBENGALURU, Aug 23 (Reuters) - Global stock markets are heading for a correction in coming months, though overall they should post marginal gains between now and the end of 2023, according to a majority of analysts polled by Reuters. A bad year for stocks in 2022 carried into this year as global central banks battled inflation with interest rate rises that are now largely drawing to an end. A 71% majority of analysts, 55 of 77, who answered an additional question in the Aug. 9-23 poll said a correction by year-end in their local equity market was either likely or very likely. A "fear of missing out" is said to have helped drive much of the equity market rallies of recent years. The year-end forecast in February's Reuters poll was 4,200.

Persons: Brendan McDermid, Jerome Powell, Marko Kolanovic, Morgan, Terry Sandven, Europe's, Hari Kishan, Indradip Ghosh, Ross Finley, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Reuters, Treasury, NIKKEI, February's Reuters, U.S, Bank Wealth Management, Japan's Nikkei, IPC, Thomson Locations: New York City, U.S, BENGALURU, Jackson, February's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ India July inflation likely breached RBI's 6% upper tolerance level - Reuters poll
▼ + stars: | 2023-08-09 | by ( Milounee Purohit | ) www.reuters.com time to read: +2 min

That will hit the vast majority of India's population who make up the poor and middle classes. The Aug. 3-8 Reuters poll of 53 economists predicted the consumer price index (CPI) (INCPIY=ECI) rose at an annual rate of 6.40% in July. "There are no signs of any sequential moderation in food prices in August," noted Rahul Bajoria, chief India economist at Barclays. If the poll median is correct, the current surge in inflation was likely to outstrip the 5.2% the RBI projects for this quarter. The survey also showed wholesale price inflation (INWPI=ECI), the change in producer prices, likely fell 2.70% year-on-year in July, after a 4.12% decline in June.

Persons: Rahul Bajoria, Kunal Kundu, Milounee Purohit, Devayani Sathyan, Veronica Khongwir, Hari Kishan, Alexandra Hudson Organizations: Reserve Bank of India's, Barclays, Societe Generale, Alexandra Hudson Our, Thomson Locations: BENGALURU, India

☆ Pooran powers West Indies to 2-0 lead over India in T20 series
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Aug 6 (Reuters) - Nicholas Pooran's 67 off 40 balls helped the West Indies clinch a two-wicket victory over India in the second Twenty20 international in Providence on Sunday to take a 2-0 lead in the five-match series. India, who opted to bat, had Tilak Varma's 51 to thank for taking them past the 150 mark, with captain Hardik Pandya (24) and opener Ishan Kishan (27) also contributing to the total. Three bowlers were instrumental in restricting India to an inadequate 152-7, with Akeal Hosein, Alzarri Joseph and Romario Shepherd taking two wickets apiece. West Indies fumbled early in their innings, but Pooran anchored their chase with a big-hitting knock before being dismissed by Mukesh Kumar. I felt like it was a decent wicket and we are accustomed to get such wickets here.

Persons: Nicholas Pooran's, Tilak, Hardik Pandya, Ishan Kishan, Akeal Hosein, Alzarri Joseph, Romario Shepherd, Pandya, Pooran, Mukesh Kumar, I'm, enders Hosein, Joseph, Aadi Nair, Pritha Sarkar Organizations: West Indies, Thomson Locations: India, Providence, West Indies, Bengaluru

☆ India flaunt bench strength with ODI series win in Windies
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

India entered the three-match series with their eyes on the bigger picture, which includes the Asia Cup and the home World Cup in October-November. It did not really matter at the Brian Lara Stadium in Trinidad where India racked up 351-5 after being put into bat. They then returned to bundle out West Indies for 151 in 35.3 overs with only Alick Athanaze (32) and Gudakesh Motie, who made 39 not out, offering some resistance. After Mukesh Kumar (3-30) wrecked the West Indies top order, Shardul Thakur (4-37) hollowed out the bottom half as India registered their 13th consecutive ODI series win against West Indies. West Indies captain Shai Hope said the target was not beyond their reach but they lacked consistency.

Persons: India's Virat Kohli, Ishan Kishan, Peter Cziborra, Skipper Rohit Sharma, Virat Kohli, Brian Lara, Shubman Gill, Sanju Samson, Hardik Pandya, Gudakesh Motie, Mukesh Kumar, Shardul Thakur, Pandya, Shai Hope, Amlan Chakraborty, Christopher Cushing Organizations: Cricket, ICC, Asia Cup, Asia, West Indies, West, Thomson Locations: London, Britain, West Indies, India, Bridgetown, Trinidad, Indies, New Delhi

BENGALURU, Aug 1 (Reuters) - The Reserve Bank of India (RBI) will hold its key interest rate at 6.50% through end-March 2024, according to a Reuters poll of economists, who pushed back their expectations for the first rate cut to the second quarter of 2024 from the first quarter in a June survey. Few are forecasting a plunge in coming months, offering little reason for the RBI to change policy now. Indeed, inflation is expected to average above 5% this fiscal year, which ends on March 31, 2024, above the RBI's 4% medium-term target. In a June survey, economists predicted the RBI to cut the repo rate by 25 basis points by end-March 2024 and another 25 basis points in the April-June quarter. Among those who offered forecasts until March 2024, a slim majority, 32 of 62, expected rates to hold at 6.50%, while 20 saw a cut to 6.25%, and 10 said 6.00% or lower.

Persons: Suman Chowdhuri, Anant Chandak, Veronica Khongwir, Susobhan Sarkar, Hari Kishan, Ross Finley, Tomasz Janowski Organizations: Reserve Bank of India, U.S . Federal Reserve, Thomson Locations: BENGALURU

☆ India's economy to hold top spot for GDP but not so much for jobs growth: Reuters poll
▼ + stars: | 2023-07-24 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

The world's most populous country aspires to leapfrog to the status of a developed nation, riding on the unprecedented demographic dividend, which demands an annual gross domestic product (GDP) growth rate of around 8% for the next 25 years. It was forecast to grow 6.5% next fiscal year, with expectations of 6.2% growth this quarter, followed by 6.0% and 5.5%. "I think 6.0% to 6.5% is a very achievable and a very conservative forecast for India's growth trajectory," Nim added. The remaining six said the PLI scheme, which allocated billions of rupees as incentives from the Union budget in 2023-24, will have no impact. While India has a lot more ground to cover to replace China as the world's manufacturing hub, some economists acknowledged the PLI scheme was a step in the right direction.

Persons: Dhiraj Nim, Nim, Ajay Banga, Radhika Piplani, PLI, Piplani, Suman Chowdhury, Milounee Purohit, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, David Holmes Organizations: ANZ Research, World, Capital Advisors, Union, Thomson Locations: BENGALURU, China, People's Republic, India

☆ BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024, Reuters poll shows
▼ + stars: | 2023-07-11 | by ( Anant Chandak | ) www.reuters.com time to read: +2 min

SummaryCompanies BOK to hold base rate at 3.50% at July 13 meetingBENGALURU, July 11 (Reuters) - The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on Thursday and for the rest of the year as inflation continued to ease, a Reuters poll of economists predicted, but rate cut forecasts were pushed back by a quarter to early 2024. Median forecasts showed interest rates would remain on hold until the end of this year, followed by a 25 basis-point cut in the first quarter of 2024. In a May poll the quarter percentage-point cut was expected to come by end-2023. But a rate cut will depend on how quickly inflation falls. The survey also predicted South Korea's economy would grow 1.2% this year and 2.3% in 2024, the same as the previous survey.

Persons: BOK, Irene Cheung, Anant Chandak, Devayani Sathyan, Susobhan Sarkar, Jonathan Cable, Hari Kishan, Jan Harvey Organizations: Bank of Korea, U.S . Federal Reserve, European Central Bank, Reuters, ANZ, U.S . Fed, Thomson Locations: BENGALURU, South Korea, Asia

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