Citigroup sets mid-2026 target of 1,150 for MSCI's global equity index
The Wall-Street brokerage set a target of 1,150 for the benchmark global equity index (.dMIWD00000P), opens new tab, implying an upside of about 5% to its last close of 1,100.213.
"Our targets imply the most upside in Japan and Europe over the medium term," Citi added.
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Reuters
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- Reuters
India's equity benchmarks likely to open flat in line with Asian peers
July 14 (Reuters) - India's equity benchmarks are likely to open little changed, tracking other Asian markets, as investors continue to monitor global trade tariff uncertainty. The Gift Nifty futures were trading at 25,186 points, as of 8:13 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open around Friday's close of 25,149.85. MSCI's broadest index for Asia-Pacific stocks outside Japan (.MIAPJ0000PUS), opens new tab was trading flat on the day. U.S. President Donald Trump on Saturday said he would impose a 30% tariff on most imports from the European Union and Mexico from August 1, even as they are locked in long negotiations. Indian equity benchmarks fell about 1.2% last week, weighed down by uncertainty over a potential U.S. trade deal and weak earnings from India's top software exporter Tata Consultancy Services ( opens new tab. Investors will remain focused on earnings season with HCL Technologies ( opens new tab, Ola Electric Mobility ( opens new tab, Tata Technologies ( opens new tab, and other companies scheduled to report their numbers on the day. Meanwhile, sources told Reuters that U.S.-based Jane Street has deposited $567 million in an escrow account as per India regulatory directive, but one of the sources said the trading firm does not intend to start trading in the Indian options market. Jane Street did not immediately respond to a Reuters email seeking confirmation of the news. The markets regulator's ban on Wall Street trading giant Jane Street had squeezed volumes in the country's options market last week and hit shares of exchange operator BSE ( opens new tab and broking firms. ** Supermarket chain operator Avenue Supermarts ( opens new tab reports a small decline in first-quarter profit, as higher operating costs and rising competition from quick commerce players eat into margins ** VIP Industries ( opens new tab says Chairman Dilip Piramal and his family enter in an agreement with the Multiples Consortium to sell up to 32% stake in the company, triggering an open offer ** NCC ( opens new tab wins 22.69 billion rupees ($264.36 million) order from Mumbai Metropolitan Region Development Authority ($1 = 85.8300 Indian rupees)
Reuters
3 hours ago
- Reuters
Japan May machinery orders fall 0.6% month-on-month
TOKYO, July 14 (Reuters) - Japan's core machinery orders fell 0.6% in May from the previous month, government data showed on Monday. That compared with a 1.5% drop estimated by economists in a Reuters poll. On a year-on-year basis, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, grew 4.4%, versus a forecast for a 3.4% rise, the data showed. For the full table, go to the website of the Cabinet Office: opens new tab
Sky News
3 hours ago
- Sky News
Economists say the cost of living crisis is over - here's why many households disagree
Talk to economists and they will tell you that the cost of living crisis is over. They will point towards charts showing that while inflation is still above the Bank of England's 2% target, it has come down considerably in recent years, and is now "only" hovering between 3% and 4%. So why does the cost of living still feel like such a pressing issue for so many households? The short answer is because, depending on how you define it, it never ended. Economists like to focus on the change in prices over the past year, and certainly on that measure inflation is down sharply, from double-digit levels in recent years. But if you look over the past four years then the rate of change is at its highest since the early 1990s. But even that understates the complexity of economic circumstances facing households around the country. For if you want a sense of how current financial conditions really feel in people's pockets, you really ought to offset inflation against wages, and then also take account of the impact of taxes. That is a complex exercise - in part because no two households' experience is alike. But recent research from the Resolution Foundation illustrates some of the dynamics going on beneath the surface, and underlines that for many households the cost of living crisis is still very real indeed. 2:32 The place to begin here is to recall that perhaps the best measure of economic "feelgood factor" is to subtract inflation and taxes from people's nominal pay. You end up with a statistic showing your real household disposable income. Consider the projected pattern over the coming years. For a household earning £50,000, earnings are expected to increase by 10% between 2024/25 and 2027/28. Subtract inflation projected over that period and all of a sudden that 10% drops to 2.5%. Now subtract the real increase in payments of National Insurance and taxes and it's down to 0.2%. Now subtract projected council tax increases and all of a sudden what began as a 10% increase is actually a 0.1% decrease. 2:29 Of course, the degree of change in your circumstances can differ depending on all sorts of factors. Some earners (especially those close to tax thresholds, which in this case includes those on £50,000) feel the impact of tax changes more than others. Pensioners and those who own their homes outright benefit from a comparatively lower increase in housing costs in the coming years than those paying mortgages and (especially) rent. Nor is everyone's experience of inflation the same. In general, lower-income households pay considerably more of their earnings on essentials, like housing costs, food and energy. Some of those costs are going up rapidly - indeed, the UK faces higher power costs than any other developed economy. But the ultimate verdict provides some clear patterns. Pensioners can expect further increases in their take-home pay in the coming years. Those who own their homes outright and with mortgages can likely expect earnings to outpace extra costs. But others are less fortunate. Those who rent their homes privately are projected to see sharp falls in their household income - and children are likely to see further falls in their economic welfare too.
