- Global equity markets gained over the week on hopes of continued accommodative monetary policies from central banks and strong M&A activity.
- In Asia, markets rose with Hong Kong gaining on potential easing of China's capital controls and India benefitting from measures to stabilize the rupee.
- European markets increased as central banks left rates unchanged and data showed ongoing recovery in the Eurozone economy.
We believe valuations are not cheap, but business cycle remains in the nascent stage. Prefer middle-of-the-road approach and recommend investing in schemes with higher flexibility.
Similar to Weekly Market Review - September 06, 2013 (16)
A mutual fund is the money pooled in by a large number of investors and offers an opportunity to invest in a diversified and professionally managed basket of securities at a relatively lower cost. Read for more details.
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.
Asset allocation is an investment strategy. It helps to keep a balance between risk and return of any particular asset class. Asset allocation refers to investing a certain percentage of your investible surplus in respective asset classes, such as equity, debt, gold and real estate. Read to understand asset allocation in detail.
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.
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 session aims to help you understand how you can identify and establish your financial goals.
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
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
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
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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 telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
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 telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. International
Global equity markets gained on hopes of policy status quo on mixed economic data out of US, amidst
strong gains in Emerging Markets and some large M&A deals. This along with strength in Asia Pacific
and Europe, helped the MSCI AC World Index gain 2.10%. Global benchmark treasury bonds pared
losses towards close of week on hopes of a delay in Fed Tapering. In its latest economic assessment, the
OECD expressed optimism about growth trends in the developed world, but pointed towards a cloudy
outlook due to loss of momentum in major Emerging Economies. It also highlighted downside risks such
as the euro-area banking system’s vulnerability to renewed financial system volatility, deadlock over US
fiscal policy and capital flight from Emerging Markets. In commodity markets, crude oil prices continued
to trend higher amidst geopolitical uncertainty and lower US crude inventories, while gold benefitted
from the shift in investor expectations from Fed. Overall the Reuters Jefferies CRB index closed 0.75%
up.The sterling pound gained on the back of rising expectations of strong economic recovery.
• Asia-Pacific: Regional markets recorded strong gains this week - Hong Kong equities rose on
speculation that China is looking ease capital controls to boost the economy. China’s services PMI rose
to 52.8 from 51.3. The OECD said it expects China’s economy to pick up pace in the quarters ahead.
Japan equities benefitted from a weaker yen and Indian equities rallied following fresh policy measures to
stabilize the rupee.The Reserve Bank of Australia and Bank of Japan maintained status quo on monetary
policy. The latter also raised its economic outlook, citing firm consumer spending and modest gains in
capex. Indonesia exports fell and the trade deficit widened to a record $2.3 bln from $850 mln previously.
On the corporate front, US authorities approved Chinese firm Shuanghai International’s acquisition of
Smithfield Foods and Bank of America exited its China Construction Bank.
• Europe: European equity markets were buoyed by central bank newsflow and rising confidence in the
region’s economy. BoE and ECB left monetary policies unchanged. Noting the recent improvement in
the economy, ECB raised GDP growth estimates for 2013 to -0.4% (earlier -0.6%), but comments from
officials signalled caution about said the bank remains on the vigil to counter any rise in risks.
Eurozone Q2 GDP growth number was confirmed at 0.3%. German exports however declined by
1.1%mom and trade surplus narrowed. Switzerland economy expanded by 0.5% in Q2, slightly less
than 0.6% growth clocked in sequentially previous quarter. Poland also kept monetary policy on hold,
but changes to the pension system weighed on equity and bond markets. On the M&A front,Verizon
agreed to purchaseVodafone’s 45% stake in their American JV for $130 bln and Nokia said it is selling
its handset division to Microsoft for $5 bln.
• Americas: US and Canada equity markets moved up this week, but Brazil witnessed sharper gains
amidst hopes of increased demand for commodities and index heavyweight OGX soared after
exercising a $1 bln put option. US markets got a boost from renewed expectations of a delay in
stimulus withdrawal after non-farm payrolls expanded by 169,000 in August, less than market
expectations and prior two month figures were revised downwards. On the other hand, both ISM non-
Market Review
WEEK ENDED SEPTEMBER 07, 2013
2. manufacturing and manufacturing indices ticked higher suggesting acceleration in growth. Economic
data from other parts of the region was also positive - Canada’s economy added 59,200 jobs and the
unemployment rate dipped by 0.1% to 7.1%. Helped by sustained rise in investment, Brazil Q2 GDP
grew by 1.5%qoq and was ahead of market expectations.While Colombia’s central bank left key policy
rate unchanged at 3.25%, Mexico reduced its overnight lending rate by 25 bps to 3.75%. Jarden is
acquiring Yankee Candle for about $1.8 bln. LinkedIn stock rose after the company said it plans to
issue $1 bln of equity.
Weekly Weekly
change (%) change (%)
MSCI AC World Index 2.10 Xetra DAX 2.13
FTSE Eurotop 100 2.87 CAC 40 2.93
MSCI AC Asia Pacific 2.75 FTSE 100 2.10
Dow Jones 0.76 Hang Seng 4.09
Nasdaq 1.95 Nikkei 3.52
S&P 500 1.36 KOSPI 1.50
India - Equity
New measures by the central bank and ensuing recovery in the rupee, along with strong global cues
helped Indian equity markets gain this week. Barring technology stocks all sectoral indices closed in the
positive territory. Banking sector stocks were the top gainers as the RBI relaxed bank branch licensing
and indicated new licenses will be issued by January 2014, amongst others. FII flows also marginally
positive this week at $150 mln.
• Macro/Policy: Latest PMI data for India suggests the recent tightening of monetary conditions has
exacerbated the weakness in the economy. The HSBC manufacturing PMI index slid to 48.5 from
50.1, and the services PMI dipped to 47.6 from 47.9. This along with last week’s weaker-than-
expected GDP report caused many research houses to downgrade economic growth and earnings
estimates. On the rupee front, a lot will depend on global news flow in the weeks ahead - whilst the
Federal Reserve is unlikely to make any significant changes, given the impact on global financial
markets, it could initiate symbolic moves in the form of marginal reduction in bond purchases. The
policy tone will be closely scrutinized for future direction.
The Pension Bill received the Lok Sabha’s nod this week – the bill, which has been in the works for
a while now, provides the Pension Fund Regulatory and Development Authority statutory backing
and allows 26% FDI in the sector. India’s pension sector contrasts with many of its global counterparts
with conservative asset allocation, limited private player participation and few investment alternatives.
Given the country's long term growth potential and positive demographics, the sector would be of
interest to both global and domestic players. However, the fee levels need to be commercially viable
for long term players and there needs to be open access to all retirement assets (majority of the assets
are presently with EPFO and NPS I).
• Technology: Tech stocks have outperformed broad markets in recent months on expectations of
better earnings growth due to increased exports amidst signs of economic stabilization in the
developed world and a weakening rupee.While the rupee weakness can help in boosting margins on
existing pricing deals, the main factor is likely to be the improvement in demand in key markets such
3. as US, Europe and UK. The current environment (especially the depreciating rupee) can also help
companies take a long term view on deals, boosting growth trends. Looking beyond the near term, a
more important trend is that many of the companies have been diversifying their revenue base and
scaling up their focus on Horizon 3 services (Social, Mobile,Analytics and Cloud). Given the strategic
nature of the latter for clients, such business could be relatively stable. Overall, companies with a
diverse business model (in terms of vertical as well as geographies) and focused on high margin
segments appear well poised for medium term growth.
Weekly change (%)
S&P BSE Sensex 3.49
CNX Nifty 3.81
CNX 500 3.44
CNX Midcap 2.70
S&P BSE Smallcap 2.94
India - Debt
Indian debt markets snapped recent losing streak and bond prices rose after policy measures bolstered
sentiment. Profit-booking however resulted in yields closing off intra-week lows.
• Yield Movements: Yields edged lower across the curve - the 10-Yr benchmark yield declined 28
bps. The 5-year Gilt yield fell 41 bps while the 5–year AAA corporate bond yields eased by 29 bps
and the spread expanded to 108 bps from 96 bps.Yields for 1 yr gilts eased by 81 bps, while 30 year
Gilts decreased 33 bps.The yield curve remained inverted.
• Liquidity/Borrowings: Liquidity conditions remained tight with repos averaging around Rs. 39,000
crore. Scheduled GOI bond auction size was reduced to Rs. 10,000 crore from Rs. 15000 crore.
Auctions for the two securities received strong response and there was no devolvement on primary
dealers.
• Forex: The rupee managed to eke weekly gains of 0.7% on the back of new RBI measures, FII inflows
and dollar sales by exporters.The currency however closed off intraweek high of Rs.65/$. Forex reserves
as of August 30 were down to $275.5 bln.
• Policy: In a bid to prop up the currency, the central bank enhanced limits for exporters to re-book
cancelled forward exchange contracts and offered banks a special window to swap foreign currency non-
resident (FCNR) deposits at concessional rates. The bank also increased overseas borrowing limit for
banks to 100% of unimpaired Tier I capital (earlier 50% unimpaired capital).
The events of the past month have further complicated the policy environment as the government along
with the central bank looked to support the rupee, without impacting economic growth. Initial remarks
by the new central bank head suggest policy continuity and an increased emphasis on communication
clarity. His address also laid emphasis on increasing financial inclusion and monitoring as well as sharing