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...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...The S&P 500 and Nasdaq Composite both closed down 0.3 per cent....
...US stocks and bond prices moved higher on Thursday, with the S&P 500 gaining 0.5 per cent....
...Stocks advanced, with the S&P 500 closing 1.1 per cent higher to recoup almost all of its fall on Thursday that marked the biggest drop since mid-February....
...“These inflation numbers presage a rockier period ahead for the Fed,” said Eswar Prasad, a professor at Cornell University....
...The S&P 500 closed down almost 1 per cent with roughly nine in every 10 stocks losing ground....
...Professor Eswar Prasad at Cornell University says: “In a rapidly fragmenting geopolitical order, the G7 represents a largely unified but now far from dominant block of countries with similar economic and...
...S&P Global Ratings cut its outlook for THG to “negative” in May, citing likely pressure on profitability over the next 12 months....
...The Future of Money: How the Digital Revolution is Transforming Currencies and Finance by Eswar S Prasad Harvard, $35/Belknap, £28.95, 496 pages Gavin Jackson is an FT leader writer Join our online book...
...This was “a precarious backdrop for such a self-confident equity market”, Prasad noted....
...The Future of Money: How the Digital Revolution is Transforming Currencies and Financeby Eswar S Prasad, Belknap £28.95/Harvard University Press $35 Digital technologies are also transforming the world...
...Eswar S Prasad, Diane Coyle and Nudge authors Richard H Thaler and Cass R Sunstein all appear on Martin’s 2021 reading list....
...Triple-C bond indices (featuring bonds that are “currently vulnerable and dependent on favourable . . . conditions to meet financial commitments” in S&P Ratings’ words) yield only 115 basis points more than...
...However, it could get a lift from MSCI as it adds the company to its main global and China stock indices, just after Didi also moves into the gauges of FTSE Russell and S&P Dow Jones....
...“The recovery will give the government more room to wind down stimulative macroeconomic policies and intensify [its] focus on financial risks [to the economy],” said Eswar Prasad, a China finance expert...
...However, the S&P 500 was on track for its biggest annual gain since 2013....
...“The stakes have now become even higher for Chinese negotiators,” said Eswar Prasad, a professor at Cornell University and former head of the International Monetary Fund’s China division....
...But something as drastic as banning an entire platform is just a reactive measure,” said Smitha Krishna Prasad, a technology law and policy researcher at National Law University, Delhi....
...The S&P 500 dropped 2.4 per cent, its worst day since January 3, while the technology-heavy Nasdaq fell 3.4 per cent, its biggest loss since December 4....
...The Topix in Tokyo was 0.6 per cent higher and Sydney’s S&P/ASX 200 rose 0.2 per cent....
...The government has a “more sanguine reading of inflationary risks”, said Eswar Prasad, a senior fellow at the Brookings Institution....
...But the S&P 500 closed 0.9 per cent lower after White House economic adviser Larry Kudlow said the latest Trump administration policy did not represent a softer stance on China Under the existing system...
...It has warned that this structure could hit its valuation because it will not be included in key stock market indices tracked by investors such as the S&P 500, Russell 200 and S&P MidCap 400....
...Meanwhile, here is the Brookings Institution take on the crisis, authored by Eswar Prasad....
...S&P still rates China at double A minus although with a negative outlook, while Fitch already had China at A plus....
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