S&P
S&P Global Ratings Forecasts 6.8% Growth for Indian Economy in FY25
The growth projection by S&P Global Ratings is higher than the latest Reserve Bank of India's (RBI) forecast for India's GDP growth for 2024-25 at 6.6 per cent, from 7.2 per cent earlier.
S&P Global Forecasts 3% Global Economic Growth in 2025
"With easing inflation, resilient labour markets, and sturdy consumer spending bolstering economic activity in most developed markets, we expect steady growth next year," S&P Global said.
India's services sector saw strong growth in April, boosting corporate optimism to a three-month high
The HSBC final India Services Purchasing Managers' Index, conducted by S&P Global, was 60.8 in April, a little below the previous month's 61.2, but a much faster growth compared to nearly 14 years ago.
India’s services sector growth surges to 13-yr high in Sep: S&P survey
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61.0 in September, signalling a sharp upturn in output that was one of the strongest in over 13 years.
‘Magnificent 7’ stocks make up close to $ 11 trillion in market capitalisation, half of US GDP
These top seven stocks, Amazon, Apple, Alphabet, Meta Platforms, Microsoft, Nvidia and Tesla, are called as the ‘Magnificent Seven’. The Top 7 stocks drove 73 per cent of S&P 500 gains in 1H, each up 90 per cent on average in 1H. These have a market capitalisation of roughly equivalent to half of US GDP.
Rated Indian companies are in good credit shape: S&P Global Ratings
"Solid earnings momentum over the next two years, by our forecasts, will make for one of the healthiest four-year stretches seen," said S&P Global Ratings analyst Neel Gopalakrishnan. Added to this is India's economic growth, which is the highest in the region, at 6 per cent for 2023 and 6.9 per cent in 2024, as per S&P Global Ratings forecast, the credit rating agency said.
Banks drag down Wall Street stocks
The Dow Jones has shed 254 points to 31,992, a 0.8 per cent drop while the S&P 500 is down nearly 20 points, or 0.5 per cent, at 3,942, and the Nasdaq is flat at 11,709, The Guardian reported. Among big US banks, Goldman Sachs is down 1.9 per cent, Citigroup has lost 2.4 per cent and Wells Fargo is 2.7 per cent lower as fears of a full-blown banking crisis intensified, after SVB's parent filed for bankruptcy, The Guardian reported.
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