UK Economy to Flat-Line in 2023

UK Economy

UK economy will stagnate in 2023 in the face of high inflation, lagging behind its peers, and the government should consider easing up on tax increases or spending more, the Organisation for Economic Co-operation and Development said.

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UK Economy to Flat-Line in 2023 via @marketinvestor

Federal Reserve’s Balance-Sheet Unwind Means Treasuries Are on ‘Uncertain’ Path

Federal Reserve

With the Federal Reserve releasing minutes from its latest meeting on Wednesday, traders are looking for further details on the plans to let billions of dollars worth of bonds to mature each month without replacing them. Already roiled by the steepest trajectory of Federal Reserve interest-rate increases in decades, investors are now readying for what’s known as quantitative tightening, or QT.

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Federal Reserve’s Balance-Sheet Unwind Means Treasuries Are on ‘Uncertain’ Path via @marketinvestor

10-Year US Treasury Yield Holds At 3%

Federal Reserve

The 10-year US Treasury yield hovered at the 3% mark on Tuesday morning, while the 10-year German bund hit 1% for the first time since 2015, amid expectations around interest rate hikes. The yield on the benchmark U.S. 10-year Treasury note rose less than a basis point to 3.0045% at 4:15 a.m. ET.

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10-Year US Treasury Yield Holds At 3% via @marketinvestor

GST April Collection Rises to All-Time High

GST

April GST collection touched an all-time high of over ₹1.68 lakh crore. It is for the first time that gross Goods & Services Taxes collection has crossed ₹1.50 lakh crore mark. ,the finance ministry said on Sunday. The previous high for collection of revenues from goods sold and services rendered was in March 2022 at over ₹1.42 lakh crore.

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GST April Collection Rises to All-Time High via @marketinvestor

Euro Zone Inflation Hits Record High At 7.5%

European Stocks

Euro zone inflation has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached 7.5% in April, according to preliminary estimates by Europe’s statistics office. In March, the figure came in at 7.4%.

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Euro Zone Inflation Hits Record High At 7.5% via @marketinvestor

Tax Stability, Transparency Key Guiding Principles Of Budget 2021-22

budget 2021 india

On Friday finance Minister Nirmala Sitharaman said transparency and tax stability were the key guiding principle of Budget 2021-22. Contrary to the expectations of a COVID-19 tax, the government has chosen to fund the budget stimulus through higher borrowing rather than increased taxes, she said while addressing members of industry chamber CII.

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Tax Stability, Transparency Key Guiding Principles Of Budget 2021-22 via @marketinvestor