The Strategist
Markets & Industries

Jefferies analysts: India's stock market will double by 2030 - 02/23/2024

The size of the Indian stock market might grow to $10 trillion by 2030, according to researchers at Jefferies Financial Group Inc. This prediction is linked to the high profitability of investments made in the Indian market as well as the anticipation of ongoing economic reforms in the nation. With a $4.5 trillion market capitalization, the Indian stock market is currently the fifth largest in...

Chinese banks boost net profit by 3.2% in 2023 - 02/23/2024

In 2023, China's commercial banks' overall net profit climbed by 3.2% to 2.4 trillion yuan ($338 billion). The PRC's State Administration of Financial Regulation reported the news. By the end of December, banks' capital adequacy ratio—which does not include foreign financial institution branches—had risen from 14.77% in September to 15.06%. The Xinhua news agency quoted the regulator as...

Stocks in China hit highest in weeks amid stronger support measures - 02/22/2024

Chinese stocks reach their highest point in weeks, writes Bloomberg. Bloomberg reports, citing trade statistics, that the Chinese stock market reached its highest point in several weeks due to the authorities' tightening of support measures. CSI 300 index increased 1.35% to 3456.87 points on February 21st. According to Bloomberg, this is the fifth straight session of growth. The newspaper...

US Fed is concerned about nation’s debt overburden and delinquencies - 02/22/2024

According to a report released on the outcomes of the regulator's most recent meeting, the Federal Reserve System (the Fed) of the United States is worried about the population's rising debt and past-due loans because they perceive them as a threat to the level of economic consumption. "A number of participants drew attention to signs that household finances, especially those in the low- and...

Australia puts nickel on the list of critical raw materials - 02/19/2024

According to the Financial Times, the Australian government added nickel to the list of essential metals. As a result, the nation's nickel producers will have access to the A$6 billion ($3.9 billion) stimulus fund, which offers grants and soft loans to help the sector. The Australian Resources Minister Madeleine King stated, "International nickel prices are forecast to remain at relatively low...

US February’s consumer confidence index grows weaker than expected - 02/19/2024

According to a preliminary estimate from the University of Michigan, which releases the indicator, the US consumer confidence index increased to 79.6 points in February, the highest level since July 2021, from 79 points in the previous month. According to Trading Economics, the consensus estimate of analysts projected for a gain to 80 points. The reading in February of previous year was 67...

US House of Representatives approves bill to simplify LNG exports - 02/16/2024

Voting results indicate that on February 15, the US House of Representatives adopted a bill to streamline the exporting of liquefied natural gas, in spite of opposition from the White House. 225 congressmen voted in favor of the Unlocking National LNG Potential Act, while 200 voted against it. House Republican Majority Leader Steve Scalise stated, "We should give freedom to American energy...

ECB chief economist links timing of rate cuts to macro statistics - 02/15/2024

Philip Lane, the senior economist at the European Central Bank, told Spanish TV channel RTVE that the bank's next move will be to lower key interest rates. The date of the first reduction will rely on newly received statistical data. "The campaign against inflation is gathering steam, but it will require more time. Our goal is to return inflation to the 2% target. We think the pricing trend is...

The US becomes the world's largest LNG exporter - 02/15/2024

LNG Outlook: the US became the biggest LNG exporter in the world in 2023. According to Shell's annual liquefied natural gas (LNG) outlook, LNG Outlook 2024, the United States became the world's largest exporter of LNG last year, shipping 86 million tons overseas, or more than 21 percent of all LNG exports worldwide. "The U.S. was the largest exporter of LNG in 2023, shipping 86 million tons,"...

Japan's Nikkei 225 index tops 38,000 points for the first time since 1990 - 02/14/2024

For a brief while, the Nikkei 225 index in Japan rose above 38,000 points for the first time since 1990. The robust financial outcomes of technological enterprises bolstered their expansion. For the first time since 1990, the Nikkei 225 stock index in Japan hit above 38,000 points during trading on February 13, according to CNBC. Nikkei 225 was at 37,963.87 points (+2.89%) at the end of trade....
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