Sensex, Nifty snap three-day rising streak amid concerns over looming global recession; Yes Bank, Vedanta among top losers
After a choppy session, the 30-share Sensex settled 189.43 points, or 0.50%, lower at 37,451.84.
Much depends on what the Fed does with US interest rates, making markets hyper-sensitive to the minutes, due later on Wednesday, of its last meeting
The intensifying US-China trade war shows no signs of resolution and the flight to bonds signal the growing fears of a global recession
US-China trade tensions kick Asian business confidence to 10-year low, little signs of easing soon, finds survey
China’s economy is also feeling the heat, with industrial output growth sliding to a 17-year low in May.
Tensions in trade policy could flare up again and play out in other areas (such as the auto industry), with large disruptions to global supply chains, she cautioned.
Paul Krugman warns of global recession by year-end, says absence of effective response during slowdown main concern
Speaking at the World Government Summit in Dubai, Paul Krugman said it was unlikely that just "one big thing" would prompt an economic downturn.
The report defines fiscal space as simply having enough budgetary resources to take counter-cyclical or other measures without jeopardizing the government’s coffers or the economy itself. It points out that countries with “more ample fiscal space” used stimulus measures more extensively during the recession than those with tight fiscal space.
India along with Indonesia showed strong growth despite a global economic slowdown in the final quarter of 2011, according to the International Monetary Fund.
The World Bank said decreasing investments and structural problems have pulled down the Indian growth rate.
Seven months of the ongoing fiscal are over, but the government has been only able to raise Rs 1,145 crore.
The bout of cheer felt with some bounceback in the global economy by the end of 2010 is all but gone. And if the numbers flowing from the advanced economies were not enough, the International Monetary Fund (IMF) has now cut forecasts for virtually all significant economies on the global scale.