Is India Getting in its Own Way and Hampering Growth?

Despite historical misadventures with socialism and recent positive experiences with liberalisation, India continues to regularly fight the market. The most recent example is the Delhi government’s move to ban Uber’s surge pricing, a regulation that can only result in a net social loss.

Young and Old Weigh in on the Brexit

The betting and events markets have shifted more decisively than the polls in favor of the UK to remain in the EU.  Sterling extended its rally from $1.4010 last Thursday to nearly $1.4785 today, as the market participants adjust positions. 

What is particular striking is that the asymmetrical perceptions of the personal impact of a vote to leave the EU.  The Great Graphic here was posted on Business Insider, which took it from Kantar, a research firm.

Low Voter Turnout could Worry Japan's LDP

On 10 July, Japan will hold its upper house elections with half of its seats to be contested. This will be the first time that 18 and 19 year-old citizens will be able to cast a vote in a national election.

There was a possibility that this would be a rare double election, but a number of factors convinced Prime Minister Shinzo Abe to decide against this. One factor was caution over placing any additional burdens on the areas struck by April’s Kumamoto earthquake.

Nepal's Earthquake Recovery Process Bogs Down

In May 2015, an earthquake of magnitude 7.2 struck Nepal. Thousands were killed and injured, and close to a million people were rendered homeless. A year on from the earthquake Nepal is still struggling to rebuild. Why has the recovery process fallen short?

India's EOUs Flourished...So What Happened?

The export-oriented unit (EOU) scheme was launched in India in 1980 to boost exports and increase production. Under the scheme, Indian companies that produce goods solely for export can register as ‘export-oriented units’. In doing so, these producers become exempt from duty payments on a range of resources used in production.

Over There

The Chair of the Federal Reserve testifies before Congress on Tuesday and Wednesday.  Given the recent FOMC meeting and Yellen's press conference, it is unlikely new ground will be broken. It is difficult for the market to price out a July hike more than it already has done.

German Ruling could Pit National Court against ECJ

The assassination of the Jo Cox has broken the powerful momentum in the markets.  Investors recognize that the tragedy potentially injects a new element into consideration for the outcome of next week's referendum.  The campaigns will be resume over the weekend, and new polls will be available.  Investors will place more weight on polls conducted after the assassination.