Russia’s Inflation Is Still High at 15.3% in June, RSX Down 2.01%
Russia’s inflation rate stood at 15.3%, according to a July 6 release by the Federal Statistics Service in Russia.
Factory orders in Germany declined by 0.2% in May, according to a Deutsche Bundesbank report dated July 6.
On July 6, the Gallup consumer spending report couldn’t buffer the fall in the SPDR S&P 500 ETF (SPY).
The Eurozone’s Retail PMI (purchasing managers’ index) dipped to 50.4 in June from the 51.4 recorded in May.
US markets were down on July 6 for two big reasons: Greece’s referendum and a crude oil price drop.
Utilities are defensive in nature and underperform cyclical stocks when the economy improves. Having said that, they can provide a cushion during risk-off periods.
While better economic news could cause stocks (IVV) (VTI) to correct in the short term, it would be good for the US economy in the long run.
American stocks (SPY)(VOO) and bonds (BND) rallied after the June FOMC meeting. The markets took comfort from the dovish nature of the Fed’s statement.
The party that aimed to end austerity is getting pulled into a wormhole of problems with no obvious solutions for Greece. Yet the party stands by a “No,” says Tsipras.
On June 19, Russia and Greece signed a preliminary agreement for “cooperation on a pipeline that will bring Russian gas to Europe through Greece and Turkey.”
Greece’s debt-to GDP ratio stands at 177%. Currently, that’s what Greece (GREK) needs to unburden. It’s what caused the crisis.
The crisis in Greece has been weighing down European stocks over the past week. On Monday, July 6, Alcatel-Lucent (ALU) in Paris opened 1.8% lower.
On July 6, Greece’s finance minister, Yanis Varoufakis resigned. In the press, he has been accusing the European leaders of spreading terrorism in Greece (GREK).
The Greek referendum results are in—61.31% of Greece has voted “no,” while the remaining 38.69% voted “yes” in response to the possible bailout.
Investors should gauge whether macroeconomic fundamentals are justifying the movement in Indian equities. Indian equities have become expensive, but there’s little cause to worry right now about a crash in 2016.
Indian stocks aren’t cheap, but they’re not outlandishly expensive either. So why have Indian equities fallen since early March 2015?
Indian equities have become expensive. This is one of the reasons foreign investors have sold Indian stocks. investors should be cautious if valuations of Indian equities rise further or dividend yield falls.
In this article, we’ll look at three broad macroeconomic indicators for India. They include economic growth, consumer prices, and industrial production.
Indian stocks had a strong run in the last half of 2014 through early 2015, but the ride since then hasn’t been smooth. The INDA is up only 2.6% in the one year ended June 2015.
The final reading for the Japan Manufacturing PMI fell slightly in June. The index came in at 50.1 in June—a slight fall from 50.9 recorded in May.
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