India's Current Account Deficit to Remain at 1.5-1.7% of GDP in FY27, but RBI Measures May Turn BoP Surplus: SBI...
India’s current‑account deficit is projected to stay at 1.5‑1.7% of GDP in FY27, but recent RBI policy moves could flip the overall balance‑of‑payments into a modest surplus. The central bank’s February and June 2026 steps—exempting fresh foreign‑currency non‑resident deposits from CRR and SLR and expanding a US‑Dollar‑Rupee swap facility—are designed to deepen the domestic debt market and draw stable foreign capital. SBI Research estimates $55‑65 bn of inflows, enough to generate a $5‑10 bn BoP surplus despite the deficit. The measures also promise stronger FX reserves and tighter banking‑system liquidity.
What Is the Distribution of Forecasts for the US CPI?
The article breaks down the distribution of U.S. CPI forecasts, highlighting that most analysts cluster around the lower end of the range, especially for core CPI. Consensus figures sit at 2.9% year‑over‑year and 0.3% month‑over‑month, but the bulk of forecasts...
US Futures Hold Lower with Inflation Data in Focus
Traders were rattled by the strongest U.S. jobs report in months, adding 172,000 jobs versus expectations, and now brace for the May CPI data. Inflation is projected to rise above 4% year‑over‑year, a level not seen in three years, while...
XS.com Hires Omar Alaa From Exness as Marketing Director MENA
XS.com has appointed Omar Alaa as its Marketing Director for the MENA region, bringing a decade of experience from rival broker Exness. Alaa will lead campaign execution, digital performance optimization, strategic partnerships, and audience engagement across the Middle East and...
DAZN Promises Immersive World Cup Experience for Spain, Italy and Japan
DAZN has secured the rights to stream every FIFA World Cup 2026 match in Spain, Italy and Japan, offering a total of 104 live games through its platform. The service will feature HDR picture, Dolby 5.1 audio, multilingual commentary and a...
Luckin Coffee: Upgrading To Hold, Improving Competitive Dynamic, But Structural Headwinds Persist
Luckin Coffee was upgraded to a Hold rating as competitive pressures ease and same‑store sales growth stabilizes. The chain now trades at about 12.5× forward earnings, below global peers, with a $37 target price implying roughly 22% upside. Revenue surged...
China's Reflation Trend Continues To Solidify
China’s May consumer price index (CPI) held steady at 1.2% year‑on‑year, matching forecasts, while producer price index (PPI) accelerated to 3.9% driven by higher energy and metal costs. Food and housing price declines continue to offset rising energy, keeping headline...
Banco Santander: Efficiency Tailwinds To Sustain Growth
Banco Santander received a Buy rating with an estimated 43% upside to a $17.5 implied share price, driven by record profitability and strong capital returns. The bank aims for a return on tangible equity (ROTE) above 20% and an efficiency...
Marex Group Completes Offering of $500M Hybrid Notes
Marex Group plc completed a $500 million perpetual subordinated resettable fixed‑rate note offering, pricing the securities at a 7.7% coupon. The proceeds are earmarked for general corporate purposes, notably to fund the tender for its existing $100 million 13.25% perpetual notes and...
Coop Pank AS Consolidated Results for May 2026
Coop Pank reported a solid May 2026 performance, adding 1,700 new clients to reach 234,500 total, with active users climbing to 111,100. Customer deposits grew by €57 million, pushing total deposits to €2.15 billion (≈$2.34 billion), while the loan portfolio expanded by €41 million...
FWC Full Bench Overturns Dismissal of S-Xual Harassment Dispute
A full bench of the Fair Work Commission overturned a member’s dismissal of a sexual‑harassment dispute, ruling the claim was valid even though some alleged incidents occurred before the Respect@Work reforms. The employee, who said her manager harassed her from...
BOJ to Raise Interest Rates to 1% in June Meeting - Poll
A fresh poll shows 94% of economists expect the Bank of Japan to lift its policy rate to 1% at the June meeting, up from the previous 65% consensus. Nearly all respondents (99%) anticipate the rate will stay at or...
Higher Oil Prices Are Making Russia Richer — but Not Helping Its Economy Grow, Goldman Says
Rising Brent crude prices, now around $92 a barrel, are swelling Russia's oil export earnings and boosting the Kremlin's fiscal coffers. Goldman Sachs estimates the windfall will lift the current‑account surplus to roughly 3.2% of GDP and add about $21 billion...
China May Wholesale Inflation Hits Near 4-Year High on Iran War-Led Higher Input Costs, AI Boom
China’s producer price index jumped 3.9% year‑on‑year in May, the strongest rise since July 2022, as the Iran‑driven energy shock and a surge in AI‑related equipment demand lifted wholesale prices. Fuel and power costs surged 10% and non‑ferrous metal prices rose...
Oner Active Expects Its Creator Workforce to Generate $52 Million in Sales This Year
Oner Active, founded in 2020 by fitness influencer Krissy Cela, expects its creator‑driven workforce to generate $52 million in sales this year. Cela, who amassed 3.2 million Instagram and 1.2 million TikTok followers, spent a decade building a personal brand before launching the...