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December 16-20, 2024
High-Stakes Week as Central Banks and Key Data Take Center Stage
Sanjay Malhotra begins his tenure as RBI governor amid a growth slowdown and sticky inflation at 5.5%. All eyes remain on his approach to the growth-inflation dilemma.
Central Bank Policy Decisions: The US Fed, Bank of Japan (BoJ), and Bank of England (BoE) will announce their policy decisions. Markets eagerly await clues on rate cuts.
Economic data releases include India's PMI flash, WPI inflation, trade deficit, and forex reserves.
IPO market buzz continues with Transrail Lighting opening for subscription.
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📅 Key Events This Week
Day | Event | Details |
|---|---|---|
Monday, Dec 16 | India Manufacturing PMI Flash | HSBC Manufacturing PMI for December to offer insights into sector growth after November's 56.5. |
India WPI Inflation | Wholesale inflation rose to 2.36% in October; food prices remain a concern for November data. | |
India Trade Deficit (Nov) | The trade deficit narrowed to $27.1 billion in October; the latest print to highlight export-import gaps. | |
Tuesday, Dec 17 | US Retail Sales (Nov) | Sales growth rose 0.4% in October; November data to reflect consumer spending trends. |
Wednesday, Dec 18 | US EIA Crude Oil Stocks | Crude oil stock changes for the week ending Dec 13 to impact global oil prices. |
Thursday, Dec 19 | Fed Policy Call | US Federal Reserve’s rate decision amidst inflation concerns and economic balancing act. |
BoJ Interest Rate Decision | Bank of Japan will decide on rates; the status quo is expected amid economic stability. | |
BoE Policy Review | Bank of England’s policy update after a November rate cut to 4.75%. | |
IPO: Transrail Lighting | IPO opens for subscription; ₹400 crore fresh issue + offer-for-sale by Ajanma Holdings. | |
US Initial Jobless Claims | Data from Dec 14 to reflect employment trends; previous claims rose sharply to 242,000. | |
Friday, Dec 20 | India Foreign Exchange Reserves | Reserves rose to $658.09 billion (Nov 29); update to indicate RBI’s forex position. |
💡 Sector Highlights
Banking & Finance: RBI's policy under the new governor Sanjay Malhotra will remain in focus.
Energy: Crude oil data and OPEC policy impact energy prices globally.
IPOs & Infrastructure: Transrail Lighting IPO reflects positive sentiment in the infrastructure sector.
📊 Important Observations & Market Sentiments
Central Bank Decisions: Global central banks (US Fed, BoJ, BoE) will shape market direction.
PMI Flash Data: Key insight into manufacturing and services growth as the year ends.
Forex Reserves: RBI’s forex reserves will be critical to understanding external economic stability.
🤔 DO YOU KNOW?
India’s trade deficit hit a record $31.5 billion in October 2023. However, the latest trends indicate a narrowing deficit, offering signs of a balanced export-import scenario.
📜 Summary
The upcoming week holds significant global and domestic events, from India’s PMI and inflation updates to the Fed’s policy decision. With IPO activity gaining traction and central banks shaping investor sentiment, the markets are set for a dynamic week ahead. Investors should track these key triggers to stay ahead of the curve.
Stay Informed, Stay Ahead 🚀
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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.
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