- Global equity markets saw modest gains overall while bond yields rose slightly as economic data pointed to continued recovery in major developed economies.
- In Asia, Chinese and South Korean stocks rose on policy support measures, while Japanese stocks fell due to yen strengthening. US stocks were mixed with tech gains and economic data supporting recovery.
- In Europe, stock indices diverged as some PMIs and business surveys improved, while UK GDP growth was solid. Central banks in Hungary and Turkey adjusted rates.
Many people often misconstrue savings with investments. But let us tell you that there is indeed a difference between the two. Merely putting aside money under the mattress, or in a vault, bank locker or savings bank account after meeting your expenses and liabilities may not mean that money works for you. In times where the inflation bug is eating into your earnings, you need to move a step forward and invest. More importantly, invest wisely! By now many of you may have realized that there is indeed a difference between saving and investing. So let’s delve a little deeper and understand the difference between the two…which can help us march forward in our journey of wealth creation.
An Investor Education & Awareness Initiative By Franklin Templeton Mutual Fund
In order to check your financial health, you need to ask yourself a few questions related to your finances. In this, learning session you will understand those questions which will help you plan you finances better.
An Investor Education & Awareness Initiative By Franklin Templeton Mutual Fund
Risk is a result or outcome which is other than what is / was expected. It is the amount of money that an investor can afford to lose in the interim, in his quest for certain return on investments. It is a state of uncertainty. Read more to find out how to access your risk appetite.
The inflation bug as we learnt in our earlier learning ppt, "Are you Saving or Are you Investing", eats into our hard earned savings. So the value of our money reduces. Here in this learning session let’s learn more about “Time Value of Money”, which can help you manage your finances better.
An Investor Education & Awareness Initiative By Franklin Templeton Mutual Fund
As you may be aware, life expectancy of individuals has increased; which brings with it rise in medical and living costs during old age. Therefore, it is imperative to make provision for expenses wisely. All of us want to maintain our standard of living during our old age as well, but to do so we need to actually start thinking and planning for our retirement right from the beginning of our career when we are young. This ppt aims to help you understand how you can identify and establish your financial goals.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
1. International
Global equity markets consolidated this week amidst mixed economic and earnings news flow.The MSCI
AC World index gained 0.3% helped by select Emerging markets (EM) and a bounce back in technology
stocks. Global benchmark treasury bond yields closed slightly higher as economic data out of major
developed economies was positive, weakening the case for further or continued stimulus. Sluggish growth
data out of China weighed on commodities and the Reuters Jefferies CRB Index closed down 2.22%. In
currency markets, the US dollar weakened amidst speculation that Federal Reserve might not undertake
stimulus unwind, as economic data remains mixed. An election win for the ruling coalition and rise in
inflation helped the Japanese yen gain.The G20 agreed to reform cross-border tax rules and treaties to curb
tax evasion by multi-national corporates.
• Asia-Pacific: Regional equity markets outperformed global counterparts helped by sharp gains in Greater
China and South Korean equities. Markets in China and Hong Kong were boosted by policy support for
growth – government unveiled measures that reduce tax burden on small-and-medium enterprises and taxes
on exports. China’s HSBC Flash manufacturing PMI fell to 47.7 in July from 48.2 in June mainly due to
decline in new orders.The Nikkei declined as the rise in Japanese yen offset gains from positive political news
and better economic data. Inflation rose for the fourth month in a row and trade deficit narrowed. The
incumbent coalition Liberal Democratic Party won a majority in the Japan’s upper house elections. South
Korea’s economy expanded by 1.1% qoq (sa) in Q2 helped by a recovery in private consumption and strong
government spending. Central bank of Philippines maintained status quo on rates.
• Europe: Key European indices exhibited divergent trends amidst mixed corporate results for the quarter.
Euro area flash composite PMI inched back above the key 50 level reinforcing hopes the region’s economy
is on the path to recovery. French INSEE consumer confidence index and German IFO business climate
index also showed improvement. Preliminary estimates of UK’s economy showed the country’s economy
grew by 0.6%qoq. A new government took office in Portugal bringing an end to political uncertainty.
Hungary lowered benchmark policy rate by 25bps to 4.00%, while the Turkey raised the upper end of the
short-term interest rate corridor by 75bps to 7.25%. On the corporate front,Telefonica said it is in talks
to buy KPN’s German unit for €5 bln andVivendi announced sale of its stake in Activision Blizzard.
• Americas: US equity indices were range-bound as select corporate earnings disappointed while
economic data was largely positive. Nasdaq index fared better on the back of a rebound in tech stock
prices. Weakness in commodity prices weighed on Canadian stocks. The US preliminary ISM
manufacturing index rose from 51.9 in June to 53.2 in July and sale of new houses picked up 8.3%mom
in June. US consumer confidence moved up to multi-year highs and durable goods order index was
bolstered by demand for aircrafts.Elsewhere in the region,Canada reported solid increase in domestic retail
sales and Mexico central bank left rates unchanged. On the M&A front, Michael Dell and Silver Lake
Partners raised their offer by 10 cents to $13.75/share andYahoo said it will buyback majority of the shares
held by hedge fund Third Point for $1.2 bln.
Market Review
WEEK ENDED JULY 26, 2013
2. Weekly Weekly
change (%) change (%)
MSCI AC World Index 0.29 Xetra DAX -1.04
FTSE Eurotop 100 -0.33 CAC 40 1.11
MSCI AC Asia Pacific 0.39 FTSE 100 -1.14
Dow Jones 0.10 Hang Seng 2.84
Nasdaq 0.71 Nikkei -3.15
S&P 500 -0.03 KOSPI 2.11
India - Equity
Concerns about the impact of the latest RBI measures along with FII outflows led Indian markets lower
this week, even as most EM indices registered gains. Mid and small caps underperformed large caps.
Capital goods, metal and banking stocks lost ground, while IT stocks gained on hopes the rupee
depreciation and stronger growth trends in developed economies will boost earnings. On the corporate
front,TCS acquired French company Alti for Rs. 530 crore.
• Macro/Policy: The government conferred additional powers on SEBI to enable better market oversight
and enforcement.Telecom Regulatory Authority of India kicked off a consultation process for spectrum
auction process and pricing. This is a positive change from the previous stand and a similar pragmatic
approach to policy could ease some of the issues facing the telecom industry.
Policy makers remained focused on tackling current account and rupee related issues – this week the RBI
removed the earlier financial restrictions placed on importing gold against credit and instead mandated
that entities (including banks) importing gold utilize at least one fifth of the consignment for export
purposes. India’s gold, gems & jewelry exports amounted to about 12% of total gold imports in FY13.
With the RBI mandating an increase to 20%, there could be a supply shortfall in domestic markets or fall
in imports. RBI’s latest measures to tighten systemic liquidity as part of its efforts to support the rupee
will weigh on growth if maintained for an extended period of time.The growth concerns are reflected
in the economic growth downgrades for India.
This is happening amidst similar slowdown in most Emerging Market economies – Asia along with China
are witnessing continued moderation and many countries are looking to defend their currencies. A
combination of factors including re-balancing, fall in savings rate, strong dollar and rising real rates have
contributed to the slowdown across regional economies. As we have shared earlier, notwithstanding the
near term risks in terms of the strong dollar and growth uncertainty in these countries, the medium to
long term prospects remain positive mainly due to the strong fundamentals. Whilst growth rates could
slow down further, they remain well ahead of other EM countries and especially the developed world.
Weekly change (%)
S&P BSE Sensex -1.99
CNX Nifty -2.37
CNX 500 -2.71
CNX Midcap -3.88
S&P BSE Smallcap -3.33
3. India - Debt
Bond markets extended declines as fresh RBI measures tightened systemic liquidity further and raised
concerns about monetary policy direction going forward.
• Yield Movements: RBI announcement sparked a sharp surge in yields at the shorter end of the
curve and caused the yield curve to invert further.Yields on the 1- and 5-year papers jumped 112
bps and 34 bps respectively, while those on the 10-year paper increased 22 bps to 8.13%.Yields on
the 5-year AAA corporate bonds also rose by a similar quantum.
CP/CD rates
Source: Bloomberg, CLSA
• Liquidity/borrowings: Overnight call money rates surged to close at near 10%, reflecting the impact
from the liquidity tightening.Apart from the changes to LAF/CRR balance management, the central bank
drained liquidity to the tune of Rs. 6000 crores through auction of cash management bills.
• Forex: Fresh measures from the central bank and dollar weakness helped the currency extend gains and
close up 0.52% against the greenback.As of Jul 19, 2013, India’s forex reserves stood at $279 bln, about $1
bln less than previous week levels.
• Macro/Policy: The RBI announced further policy changes to reduce rupee liquidity.The measures need
to be seen in the context of the limited impact last week’s policy changes had on the rupee and systemic
liquidity. As per new measures
• Banks can borrow up to 0.5% of their net demand and time liabilities (NDTL), as against 1% earlier.
The measure is expected to reduce borrowing under LAF to about Rs. 37,500 crs from Rs. 75,000 crs
earlier.
• Banks need to maintain a minimum daily balance of 99% of the cash reserve requirement, as opposed
to the earlier system of maintaining 70% of the required CRR on a daily basis
The RBI is set to hold the Q1 review of monetary policy mid-next week. Next steps would depend on
the effectiveness of above measures to reduce INR volatility. Measures aside, markets will keenly watch the
central bank’s policy tone/language to gain an insight into the length of time these measures will stay in
place and its reading of other macro-economic data.