S&P: Not yet overbought even as it settles above the top of the potential broadening top chart pattern..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Indian economic growth at 6-year low A sixth consecutive quarterly fall

Data released on Friday showed India, which had been the world’s fastest expanding large economy, saw GDP growth slow to 4.5 per cent in Q3 2019, from 5 per cent in Q2 2019 and 8.1 per cent in Q1 2018. The Financial Times reports that the crisis in the shadow-banking sector has rippled through other areas of the economy and killed off the boom in consumer spending generated by easy credit. Government officials predict an improvement in economic conditions in Q4.

Today representatives from 200 different countries meet in Madrid for a UN climate change summit. NATO leaders start a 2-day meeting in London, giving President Trump a chance to catch up with his mate Boris Johnson. Later this week OPEC meets in Vienna, just in time for the Saudi Aramco partial flotation. I mean, haven’t these people heard of video conferencing?

Financial Markets and Political Commentary

 

Tags

, , , , , , , , ,

Related Posts

About the author

High profile, trusted, veteran Technical Analyst with over 25 years’ banking experience. Key expertise in all areas of Treasury, especially foreign exchange, derivatives, fixed income and commodities. Acknowledged for personal contribution to new developments in the industry. Well regarded by the media for provision of accurate forecasts, succinct copy and entertaining sound bites. Thrives in dealing room environments – excellent interpersonal skills and a strong communicator with extensive business contacts. Looking for suitable and interesting opportunities.