Aurelia Butler

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    in Economy

    Dangers of dollar nationalism hang over the world economy

    Standard DigitalWeekend Print + Standard Digitalwasnow $85 per monthBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    Support for Biden’s economic policies wanes amid inflation fears, FT poll finds

    Standard DigitalWeekend Print + Standard Digitalwasnow $85 per monthBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    India’s Retail Inflation to be a Key Trigger for the Markets Next Week

    This is still below the upper limit of the Reserve Bank of India’s inflation target of 4% (+/-2%) and reflects a mix of seasonal food price increases partially offset by the lower retail gasoline prices in March 2024, which may partially spill over onto the April 2024 data.While there’s an expectation of rising food prices from March 2024, the year-on-year inflation might not see a significant increase in April 2024 due to a favorable base effect. While there are price pressures, especially in seasonal foods, they might be balanced by this favorable base. Additionally, core inflation is anticipated to maintain its recent trend of moderation.Despite recent softening, inflation remains above the Reserve Bank of India’s (RBI) target of 4%, prompting continued vigilance from policymakers. RBI Governor Shaktikanta Das reiterated concerns about food inflation volatility during the April 2024 monetary policy meeting, emphasizing the inflation trajectory’s susceptibility to supply-side disruptions.With the arrival of summer, pressures typically mount for perishable food items, notably vegetables. However, relief might come if the India Meteorological Department’s forecast for an above-normal monsoon holds true but potential challenges and uncertainties in weather patterns and geopolitical risks might impact the inflation outlook.Core inflation, excluding food and fuel, is anticipated to remain subdued in April 2024 but could face upward pressure from rising global commodity prices in the future.You can get InvestingPro at a steep discount of up to 69%, for INR 216/month, for a very limited time. Investors are already taking advantage of such a mouth-watering price to ramp up their investing game. In case you are finally ready to up your investing journey, Click here before time runs out.Also Read: Unveiling the “True Value” of Tata Power (NS:TTPW) with Q4 AnalysisX (formerly, Twitter) – Aayush Khanna More

  • 138 Shares99 Views

    in Cryptocurrency

    Bitcoin and S&P 500: Are Crypto and Stock Markets Still Unrelated?

    Bitcoin is known for its extreme volatility, with significant price swings like a roller-coaster ride — plunging over 64% in 2022 and then rallying 160% in 2023. This volatility can be challenging for crypto traders.On the other hand, the S&P 500 offers more stable performance, averaging 9% to 10% annual returns and serving as a benchmark for the U.S. economy. Despite lower returns compared to Bitcoin, the S&P 500’s consistency and reliability make it a favored choice for risk-averse investors seeking predictable investment outcomes.Allocations to cryptocurrency can diversify risk and enhance returns in traditional portfolios, according to Glassnode.For example, adding small allocations to the Coinbase (NASDAQ:COIN) Core Index (COINCORE), a market-cap weighted crypto index primarily composed of Bitcoin (70.9%) and Ether (21.9%), to a 60/40 portfolio (60% MSCI ACWI and 40% U.S. Agg) increased both absolute and risk-adjusted returns over a five-year period ending March 31, 2024.Bitcoin (BTC) had an impressive first quarter in 2024, posting a 69% return and outperforming most traditional asset classes, according to Coinbase and Glassnode joint report.Despite the launch of BTC ETFs, which many thought would lead to a stronger correlation with traditional finance assets, BTC displayed minimal correlation with major asset classes, using data from a recent Glassnode and Coinbase Institutional report. This suggests its potential as a valuable component for diversification within a portfolio.Bitcoin negatively correlated with the DXY index and gold, while its correlation with the S&P 500 was low at 0.11. This suggests that Bitcoin’s price movements are largely independent of traditional markets.However, at the start of Q2, BTC is down 15% from its highs, coinciding with the DXY index rising above 106, further highlighting the negative correlation between the two.The Q2 report also noted a decrease in Bitcoin’s volatility since January 2020, with peaks becoming less pronounced. Although volatility currently sits just under 60%, the report emphasizes a long-term downward trajectory despite occasional spikes above the trendline, mainly during 2020 and 2021.As Bitcoin continues to mature into a major asset class, its volatility is expected to continue to decline over time.According to Tastylive research, generally, there is little correlation between Bitcoin and the S&P 500, except during significant price movements of Bitcoin (+5% or more to the upside, or less than -5% to the downside).When Bitcoin’s price movement exceeds 5%:This created a favorable environment for risk-on trading, leading to bull rallies for both Bitcoin and the S&P 500 index despite the bearish sentiment following the 2022 correction.As Bitcoin’s correlation with traditional equity markets like the S&P 500 and Nasdaq increases while its correlation with gold decreases, it suggests that Bitcoin is behaving more like a risk-on asset rather than a safe haven.When investors are feeling adventurous, they often gravitate toward stocks and digital coins for the potential of higher profits.The increasing involvement of institutional and retail investors in both equity and cryptocurrency markets could lead to simultaneous buy and sell decisions, aligning the price movements of these assets.This article was originally published on U.Today More

  • 150 Shares169 Views

    in Economy

    EU fighting to counter China’s influence in global south, says top official

    Standard DigitalWeekend Print + Standard Digitalwasnow $85 per monthBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 150 Shares169 Views

    in Economy

    South Korea prepares support package worth over $7 billion for chip industry

    Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.The program could include offers of policy loans and the setting-up of a new fund financed by state and private financial institutions, Choi told executives of domestic chip equipment makers at a meeting, the finance ministry said in a statement. South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world’s largest such high-tech complex.President Yoon Suk Yeol has vowed to pour all possible resources into winning the “war” in chips, promising tax benefits for investments. ($1=1,369.6500 won) More

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    in Economy

    Australia government says budget to help ease high inflation

    “We do expect the budget, as I said, to put downward pressure on inflation rather than upward pressure on inflation,” Chalmers said in an Australian Broadcasting Corp television interview aired on Sunday.Reserve Bank of Australia economists forecast consumer inflation, which was 3.6% in the first quarter, to pick up to 3.8% by June and stay there until the end of the year, underlining the home-grown inflation challenge.The central bank has fought the persistently high inflation by raising interest rates 425 basis points since May 2022 to a 12-year high of 4.35%.Chalmers said the budget, to be handed down on Tuesday, would have a “primary focus on inflation but not a sole focus”.”The budget will be a responsible budget, it will ease cost-of-living pressures and it will invest in a future made in Australia,” the treasurer added.Officials said on Tuesday the budget would have a big focus on housing, as rising rents, interest rate hikes and surging living costs in recent years have inflamed what was already among the world’s least affordable housing rental markets.Chalmers has said the government will chart a responsible middle path with the budget, putting a second surplus within reach despite more spending measures. More