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Sunil Kewalramani
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Stocks look vulnerable to vertigo
04-08-2010Stock Market
Even PIGS can fly. Rarely could sporting triumph have come as such a welcome distraction as World Cup victory has for Spain. After the trials and tribulations of past six months, the flag-waving and dancing in fountains that followed the extra-time winning goal in the Fifa World Cup 2010 final were as much about relief as euphoria. Spain of 201... More »

Stocks look vulnerable to vertigo

Chances of double-dip recession are remote, but stocks may correct
07-07-2010Stock Market
A Great aphorist, the 19th century clergyman Sydney Smith, defined heaven as ‘eating pâté de foie gras to the sound of trumpets’. The fans of the local Bloemfontein Celtics side are well known for singing as well as for blowing their vuvuzelas — the controversial plastic trumpet favoured by South African supporters ... More »

Chances of double-dip recession are remote, but stocks may correct

Why global stocks are poised to rebound
04-06-2010Stock Market
It has taken 23 years and a world market meltdown, but Oliver Stone's Wall Street: Money Never Sleeps, sequel to his 1987 hit film, has returned exactly at the time US Congress has introduced the Restoring American Financial Stability Act of 2010.Ironically, the music in the film's trailer is the familiar opening of the Rolling Stones'... More »

Why global stocks are poised to rebound

Shape of the stock market recovery
07-05-2010Stock Market
V is the mould in which the market has been cast. With a correction expected in the second half of May and during July-September, those who invested for the long haul will emerge winners, says Sunil Kewalramani.It is not only global stock markets that have traced out a V shape in the 19 months since Lehman. Most world economies have experienced a... More »

Shape of the stock market recovery

The road ahead for the renminbi
13-04-2010Currencies
“WATER does not boil at 99° C, but boils if heated by one more degree,” these historic words of Zhong Shan, vice commerce minister of China, sums up the old-fashioned currency war being fought between the US and China. According to Mr Shan, most exporters absorbed the appreciation in the value of the yuan that followed its revaluat... More »

The road ahead for the renminbi

US bond yields point to A VIEW TO A KILL
29-12-2009Stock Market
A KEY RELATIONSHIP BETWEEN US GOVERNMENT BOND market yields entered the record books last week, and some believe that based on historical evidence, this could be a long-term ‘buy’ signal for equities.     The US Treasury yield curve — which measures the difference between short- and long-term interest rates an... More »

US bond yields point to A VIEW TO A KILL

We expect a Copenhagen rally soon
11-12-2009Stock Market
The recent few days have seen a lot of laggard stocks also contributing to the rally and leaders have taken a bit of a back seat going ahead if you were to move ahead where do you think participation will come in Nifty primarily?Yeah, we have a great climate change summit taking place in Copenhagen and there are lot of people who are extremely ne... More »

We expect a Copenhagen rally soon

Sun sets on Dubai World
28-11-2009Stock Market
Dubai World’s mission statement says: True to our claim, the sun never sets on Dubai World, our investment portfolio extends across 100 different cities in the world. We are spread across a wide spectrum of strategic industries and sectors ranging from ports management, property development, hospitality and tourism, free zone operations, pri... More »

Sun sets on Dubai World

Perils of dollar carry trade
06-11-2009Stock Market
Over the past year, the dollar has increasingly been at the epicentre of a so-called “carry trade.” The Fed has been injecting liquidity into the monetary system to stimulate lending. Banks have the options of putting this money at the Fed at 0.25% (on excess reserves at 0.15%i) or invest t in assets providing better returns. With... More »

Perils of dollar carry trade

Rising oil prices a blessing or a curse?
18-06-2009Commodities
 Oil at $68 a barrel, as opposed to the high $30s we saw earlier in the year, is good if you are hoping for an economic rebound. It testifies that the world economy is not yet about to fall into a great depression. The rally in oil reflects a range of factors: a weakening dollar, fears of inflation, increased investor risk appetite and the a... More »

Rising oil prices a blessing or a curse?

Why the US dollar is still resilient
23-03-2009Currencies
Trillion-dollar bailouts, trillion-dollar deficits, and the largest spending bill in US history. No matter how dire the news out of the US, the dollar strengthens. It has carried on rising in spite of new bailouts for two leading financial institutions — Citigroup and AIG — a catastrophic fall in US gross domestic product and more drea... More »

Why the US dollar is still resilient

Is the fall in commodity prices just a pause?
13-08-2008Commodities
Commodity prices have suffered their largest monthly drop in 28 years in July 2008 led by crude oil prices which have nose-dived more than $20 from an all-time high of $147.27 a barrel. Deutsche Bank’s strategists are predicting that lower oil demand in the US and Europe coupled with an increase in oil production in Saudi Arabia, would caus... More »

Is the fall in commodity prices just a pause?

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