Also looking at a preseason game , waiting for the right information to come thru

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⚡️Indices Have Stabilized After The Fed Cut The Rate By Half A Point

🕯Key US stock indexes were little changed after the Federal Reserve cut interest rates by half a percentage point. This significant decline has raised questions about the economy's potential weakness in the future.

📊The Dow Jones Industrial Average rose more than 375 points but then pared that gain, ending up 0.21%. The S&P 500 fell 0.1% and the Nasdaq Composite fell 0.06%. Initially, both indexes, including the 30-share Dow, reached new all-time highs after the Fed's decision was announced.

ℹ️The Fed cut rates to a range of 4.75%-5% from 5.25%-5.5%. The scale of the decline matched traders' expectations, according to the CME Group's FedWatch tool. This is the first rate cut in four years, as inflation levels decline from two years ago.

🟢FOMC has increased confidence that inflation is moving steadily toward 2 percent and believes that the risks to achieving employment and inflation goals are roughly balanced. Optimism cooled slightly after Powell said a larger rate cut did not mean a continuation of aggressive policy, noting that the central bank would "tread carefully."

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🇮🇳India Overtakes China In Key MSCI Stock Index For The First Time In History

👑India overtook China for the first time in MSCI's key equity index, helped by robust economic growth and strong investment flows. India's weight in the MSCI Investable Market Indexes (covering all large-, mid- and small-cap investment securities) rose to 2.35%, while China's weight stood at 2.24%, according to a note from Morgan Stanley.

📈India's nominal gross domestic product growth rate is in the 10% range, more than three times China's economic growth and creating deep divergence in income growth, experts say.

➡️Earlier this month, Morgan Stanley forecast that India would overtake China in the MSCI Emerging Markets Index as India's stock market rally just crossed the midpoint.

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grupelazybos

September 4, 2023, 14:46

2nd Free pick

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⚡️Indian Companies Gear Up For Major IPOs Amid Economic Recovery

🇮🇳Indian companies are testing investor interest in large initial public offerings (IPOs) following recent successful debuts. Three IPOs are in the pipeline, each valued at more than $1 billion, including SoftBank-backed food delivery platform Swiggy Ltd. and Indian units of LG Electronics Inc. and Hyundai Motor Co.

⭐️The IPO boom comes amid India's rapid economic growth, which stands out against the backdrop of challenges in countries such as China. Indian listings have already raised $8.6 billion this year, surpassing the previous two years. Local and foreign investors are actively investing in the Indian stock market.

📊Shares of companies that have entered the Indian market this year posted an average first-day gain of 30%, higher than the global average of 22%. Recent IPOs like Bajaj Housing Finance Ltd., Ola Electric Mobility Ltd. and Brainbees Solutions Ltd., also showed significant progress.

⚠️Most of India's 240 offerings this year have raised less than $100 million, prompting increased regulatory scrutiny of possible price manipulation at smaller IPOs.

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grupelazybos

September 3, 2023, 20:35

Let's goooo! Free pick ⚠️

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