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India News: America’s share of global GDP has stayed at 24-25% for 50 years. Post-Covid, its $25trn economy saw robust growth. America more than makes up for the

America’s share of global GDP has stayed at 24-25% for 50 years. Post-Covid, its $25trn economy saw robust growth. America more than makes up for the

US-China relations: Is Biden’s stimulus plan enough to stop China becoming the world’s leading economic power? US President Joe Biden pledged in March he would prevent China becoming the world’s ‘leading’ and ‘wealthiest’ country But economists say in the long run no amount of spending or tailored growth policies will stop China from surpassing the US

Euro dips below 1.19, US retail sales see red March 16, 2021SharePrint The euro continues to weaken this week, as the currency is down for a third successive day. Currently, EUR/USD is trading at 1.1894, down 0.30% on the day. German ZEW Economic Sentiment rises The euro remains under pressure, and even a strong outing from the German ZEW Economic Sentiment earlier in the day has failed to stem the currency’s slump. In March, the indicator rose to 76.6, up from 71.2 beforehand. This marked a fourth straight month of acceleration, pointing to stronger confidence in Germany’s economy from f...

Modest markets mask Fed fears March 16, 2021SharePrint US dollar, Wall Street show gains US bonds stabilised overnight, allowing the FOMO buy-everything crowd to dip their toes back into the magical healing waters of technology stocks. Buy everything really did mean buy everything, though, with all three major Wall Street indexes closing higher. Unusually, that same premise saw the US dollar and precious metals, notably gold, rise as well, a deviation from the mechanical correlation playbook of late. The relief that Friday’s US bond tantrum did not result in another trip to the naughty corn...