[{"title":"UFI-29-03-2023","description":" During the week, unemployment rate in both urban and rural areas \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"29 Mar 23 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/i360-indices"],"chartLink":null,"tagTitle":["i360 Indices"]},{"title":"CPI December 2022: Headline eases, Core elevated","description":" CPI inflation eased to 5.88% YoY in November (our est. 6.35%) vs. 6.77% in October. Deviation from our estimate is because of lower than anticipated vegetable and fruit inflation. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/CPI%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"WPI December 2022: WPI inflation at 21-month low","description":" WPI inflation declined to a 21-month low of 5.85% YoY in November (our est. 6.2%) from 8.39% in October. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/WPI%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" The BoJ Governor Kuorda stated that that the central bank’s latest tweaks on its bond yield control program were not the beginning of an exit of monetary easing. Kuroda said the BOJ's decision last week to widen the allowance band around its yield target was aimed at enhancing the effect of its ultra-easy policy.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_27_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly: Range-bound trading as year-end nears","description":" Centre raised INR 280bn as planned on 23 December, with no devolvement on Primary Dealers. Gross issuances for FYTD23 stood at INR 11.2tn, up 14.6% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2026%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"26 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"China:A below-trend recovery in 2023 could limit sharp upside in base metal prices","description":" The Chinese economy slowed sharply over 2022 on the back of the lockdowns that were in place. The outlook for 2023 will be shaped by the re-opening of the economy. Restrictions have been eased. However, we see a challenging initial phase of re-opening as infections pick-up that keeps private demand weak in Q12023 \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/China%20update%20December%202022%20outlook%202023.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" US Q3 GDP grew better-than-expected at 3.2% versus forecasts for a 2.9% expansion mainly driven by healthy consumer spending.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_23_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The persistence in the core inflation is a matter of concern and there is no room for complacency when it comes to monetary policy tightening, according to majority members of MPC of the RBI. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_22_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":" Global crude oil prices are poised to move gradually higher over 2023","description":" Global crude oil prices have weakened further reflecting an over-supplied market. Output from non-OPEC countries picked up in November, even as output from OPEC fell. We expect physical markets to tighten in 2023 that could lend an upside bias to Brent Crude prices. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Global%20crude%20oil%20monthly%20December%202022%20outlook%202023.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" The Reserve Bank of India's (RBI) monthly bulletin has warned about the risks to global growth in 2023, due to tightening of financial conditions caused by monetary policy actions, as the full impact of interest rate hikes will be visible next year.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_21_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India’s FM Nirmala Sitharaman said that the note in circulation (NiC) has witnessed an annual growth of 7.98% to INR 31.92tn as of December 2, 2022, adding that the demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_20_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Hawkish central bank guidance to weigh on the markets!","description":"  Over the last week, investors responded to the dual hawkish message that was provided by the FOMC and ECB, even as the BoE maintained its dovish tone. Both central banks indicated that the terminal rate will be higher than market pricing that has worked to tighten financial conditions. While markets responded favourably to the fall in US CPI inflation, it proved short-lived as focus shifted back to central bank commentary. The BoJ is next up. Although we expect the BoJ to make adjustments to its YCC framework in 2023, we do not see any changes in the policy meeting due this week \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2019%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"xyz","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. Read the report to know the latest global and domestic development \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"xyz","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. Read the report to know the latest global and domestic development \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"xyz","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. Read the report to know the latest global and domestic development \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Elevated US core CPI to keep the USD bid!","description":" Investors continue to respond to concerns about the FOMC keeping rates higher for longer. The net result has been a hardening in yields and a stronger USD \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2010%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. Read the report to know the latest global and domestic development \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"xyz","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. Read the report to know the latest global and domestic development \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Testt","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. Read the report to know the latest global and domestic development \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Trade November 2022","description":" Merchandise exports remained flat at USD 32bn in November (0.6% YoY). On a MoM basis, exports increased by 1.9%.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Trade_November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"16 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" The ECB raised the policy rate by 50bps on expected lines to the 2% mark while also launching QT that would be to the tune of EUR 15bn per month starting from March 2023. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_16_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"16 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The FOMC raised the benchmark rate by 50bps to 4.25-4.50% target range. Policymakers projected rates would end next year at 5.1%, according to their median forecast, before declining to 4.1% in 2024.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_15_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"15 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" ICICI Bank expects the FOMC to raise the fed funds rate by 50bps to the 4.25%-4.50% range while continuing to indicate that further rate hikes are likely. The dot plot is likely to show an increase from 4.6% to 4.9% terminal rate by 2023, although we cannot rule out the FOMC providing guidance of a higher terminal rate possibly to the 5.1% mark in case it remains concerned about easing financial conditions.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_14_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India CPI inflation eases to 11-month low of 5.88% YoY in November led by lower vegetable and fruit inflation while cereals and spices continue to see elevated inflation. Core inflation remains entrenched at 6% YoY with most items at elevated levels \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_13_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly: FOMC and CPI in focus","description":" Centre raised INR 280bn as planned on 9 December, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 10.9tn, up 13.4% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2012%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"The Weekly Update: Investors to focus on central bank guidance for 2023!","description":" Over the last week, the main development was the gradual re-opening of the Chinese economy that resulted in a broad-based improvement in risk sentiment. The USD/CNY broke sharply lower below the 7 threshold in the process as fund flows returned to local Chinese assets. With the exception of the CNY, the USD has rebounded at the margin and US yields have drifted higher as investors wait for the FOMC outcome \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2012%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":" IIP October 2022: Broad-based deceleration","description":" Index of Industrial Production (IIP) contracted by 4.0% YoY in October 2022 (our est: -0.7% YoY) vs. an increase of 3.5% in Sep 2022. On a MoM basis, it contracted by 3.3% \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/IIP%20October%202022_broad-based%20deceleration.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Fixed income weekly: MPC in focus","description":" Centre raised INR 300bn as planned on 2 December, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 10.6tn, up 15.5% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2005%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"The Weekly Update: Will the FOMC pivot?","description":" Even though the US labour market remained fairly tight in November with wage inflation accelerating, investors are focussed on the possible fall in inflation rates going forward. Hence, central banks led by the FOMC are expected to pivot towards a slower pace of tightening. Investors also expect a possible end to the tightening regime by Q12023 supporting risk trades in the process \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2005%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":" Gold: A trend reversal has taken place!","description":" Gold prices outlook: Gold prices appear to have reversed course over the last month rallying by ~10% MoM in November. Two key developments are behind the rise. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Gold%20monthly%20december%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"The Chinese economy: Infra driven rebound! ","description":" Although Chinese economy rebounded in Q32022, it was driven primarily by fiscal stimulus that drove infrastructure investments higher. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/China%20update%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Core inflation entrenched at 6%","description":" CPI inflation eased to 6.77% YoY in October (our est. 6.80%) vs. 7.41% in September. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/CPI%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"IIP October 2022: Broad-based deceleration","description":" Index of Industrial Production (IIP) increased by 3.1% YoY in September 2022 from -0.7% in August 2022, higher than our estimate of 1.3%. On a MoM basis, it increased by 1.5%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/IIP%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"India Q2FY23 GDP: Buoyant consumption and investment, margin pressure a drag","description":" Q2 GDP and GVA growth at 6.3% YoY and 5.6% YoY. H1 GDP growth at 9.7% compared with 13.7%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/India%20Q2FY23%20GDP%20review_Buoyant%20consumption%20and%20investment%2c%20margin%20pressure%20a%20drag.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Monthly Update: Buoyant tax collections and capex, core sector decelerates","description":" Gross tax collections remain buoyant, with April-October tax revenues increasing by 18% YoY led by direct taxes (25.9%) and GST (27.2%). In Oct, tax revenues rose by 20.8% YoY. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Monthly%20Economic%20Update%2030%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Q2FY23 GDP Preview: Bright domestic outlook amidst weak external demand","description":" Q2FY23 GDP expected to grow by 6.2% in Q2FY23 compared with 13.5% in Q1FY23 and 8.4% in Q2FY22. On a QoQ basis, it is estimated to increase by 3.4% in Q2FY23. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Q2FY23%20GDP%20Preview_Bright%20domestic%20outlook%20amidst%20weak%20external%20demand.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"WPI November 2022: WPI inflation at 19-month low ","description":" WPI inflation softened to 8.39% in October (our est. 8.1%) from 10.7% in September. The deceleration is broad-based with food inflation at 6.5% YoY (vs. 8.1% last month), fuel at 23.2% (32.6% last month) and manufactured products at 4.4% (6.3% last month). \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/WPI%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Trade November 2022: Trade deficit moderated, services exports buoyant","description":" Merchandise exports remained flat at USD 32bn in November (0.6% YoY). On a MoM basis, exports increased by 1.9%.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/dam/icicibank/india/erg/monthly-reports/Trade_November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" India’s FM Nirmala Sitharaman said that the Union government has saved INR 2tn by using technology as systems such as Direct Benefit Transfer (DBT) stopped leakages.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_30_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve policymakers stressed on Monday that they will raise policy rates further to curb inflation. Brainard said Fed must lean against the risk of inflation expectations rising above the 2% target in a world where inflation may be less stable than in recent decades. Williams said interest rates need to rise further and stay high through next year but could be lowered during 2024. Bullard said financial markets are underestimating the chances that policymakers will need to be more aggressive next year in raising interest rates to curb inflation.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_29_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly: India Q2 GDP and US nonfarm payrolls in focus","description":" Centre raised INR 280bn as planned on 25 November, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 10.3tn, up 15.3% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2028%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Protests irrupted in China yesterday across the country against the zero-Covid policy of the government.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_28_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The ECB minutes showed the members believed that inflation may be getting entrenched at so rates would need to rise further. However, the 75bps rate hike was supported by a large majority, although a few policymaker wanted a smaller, 50bps move. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_25_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Minutes from the FOMC November meeting indicated that “substantial majority” of Federal Reserve officials support slowing down the pace of interest rate hikes soon, even as some warned that monetary policy would need to be tightened more than expected next year. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_24_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"24 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve Bank of Cleveland President Loretta Mester said officials are fully focused on curbing inflation while Kansas City President Esther George cautioned that ample US savings may warrant higher interest rates to cool demand. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_23_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The Fed officials continue to provide hawkish messaging while emphasising on slower pace of rate hikes going ahead. San Francisco Fed President Mary Daly said that officials will need to be mindful of the lags with which monetary policy works, while repeating that she sees interest rates rising to at least 5%. Cleveland Fed President Loretta Mester said that the Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the economy humming. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_22_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: The USD could regain some of its lost ground! 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Gross issuances for FYTD23 stood at INR 10.03tn, up 15.2% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2021%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" India’s gross domestic product (GDP) is expected to grow between 6.1% and 6.3% in the June-September quarter (Q2FY23) based on high-frequency indicators and economic prediction models. If this is realised, India is on course for a growth rate of about 7% in 2022- 23, according to the RBI bulletin. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_21_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India’s FM Nirmala Sitharamanon Thursday impressed on the National Investment and Infrastructure Fund (NIIF) to weigh opportunities presented by the government’s key initiatives, such as the National Infrastructure Pipeline (NIP), PM GatiShakti and National Infrastructure Corridor.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_18_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Several FOMC officials provided a hawkish guidance indicating that further tightening is on the cards. The Federal Reserve should stay focused on its economic goals and avoid incorporating financial stability risks into its deliberations as it raises interest rates, New York Fed President John Williams said. At the same time, Federal Reserve Bank of San Francisco President Mary Daly said 4.75% to 5.25% was a “reasonable” range for where policymakers could lift interest rates and then go on hold.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_17_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"17 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India’s Exports moderated to USD 29.8bn in October, -16.7% YoY, while imports too fell sequentially by 7.3% to USD 56.7bn led by non-oil-non-gold imports. The trade deficit widens to USD 26.9bn in October.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_16_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"16 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" CPI and WPI ease in October. CPI inflation eased to 6.77% YoY in October (our est. 6.80%) vs. 7.41% in September while Core inflation remains entrenched at 6% YoY with most items witnessing no let-up in momentum; WPI inflation softened to 8.39% in October (our est. 8.1%) from 10.7% in September with a broad based deceleration, with food inflation at 6.5% YoY (vs. 8.1% last month), fuel at 23.2% (32.6% last month) and manufactured products at 4.4% (6.3% last month)  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_15_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"15 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly: India inflation in Focus","description":" Centre raised INR 280bn as planned on 11 November, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 9.73tn, up 15% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2014%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"CPI November 2022: Core inflation entrenched at 6%","description":" CPI inflation eased to 6.77% YoY in October (our est. 6.80%) vs. 7.41% in September \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/CPI%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" RBI Governor Shaktikanta Das said that India's strong economic fundamentals and stable financial sector will make it the fastest growing major economy clocking 7% growth in FY23. On concerns related to RBI using the forex reserves indiscriminately, he added that the reserves are being accumulated for 'rainy days', and are very comfortable even at this point.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_14_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Global risk sentiment improved as US CPI inflation printed at 7.7% YoY in October versus expectations of 8% and 8.2% print recorded in September. Core inflation also surprised to the downside printing in at 6.3% YoY in October versus expectations of 6.5%. The fall in in inflation has resulted in the fed funds futures market lowering its terminal rate projections from 5.06% to 4.93% by May 2023. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_11_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"11 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve Bank of New York President John Williams said longer-run inflation expectations remain stable despite the recent surge in prices, but there is greater uncertainty over the future path for price gains. Richmond Fed President Thomas Barkin said that the Federal Reserve will do what it takes to return inflation to its 2% target and won’t wait for things to settle on their own time. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_10_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The European Central Bank needs to continue increasing interest rates even if it weighs on the economy, according to Bundesbank President Joachim Nagel. At the same time, ECB Guindos said tackling inflation required rates to keep rising to tighten financing conditions while Wunsch stated that the central bank may need to raise interest rates more than investors expect if Euro-zone faces only a mild downturn.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_09_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Short-term USD correction is in the offing! 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While the unemployment rate moved higher from 3.5% to 3.7% in October, it remains at a multi-decade low.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_07_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" FM Nirmala Sitharaman launched India’s biggest ever coal mine auction comprising 141 mines in as many as 11 states with a cumulative peak rate capacity (PRC) of 305 million ton (MT). Coal Minister Pralhad V Joshi stated that these coal mines would give INR 200bn in revenue to states once they become operational.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_04_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The US Federal Reserve raised the target range for the federal funds rate by 75bps to 3.75%- 4%. Policymakers also said that ongoing increases in the target range will be appropriate and that they will consider the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments, when deciding on the size of further increases. Further Chair Powell also noted the ultimate level of interest rates will be higher than previously expected. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_03_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"03 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Reserve Bank of Australia lifted its cash rate by 25bps to a nine-year peak of 2.85% meeting the expectations and indicated that more tightening could be on the cards.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_02_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The output of eight core infrastructure sectors grew by 7.9% YoY in September 2022 compared with 4.1% YoY in the previous month and 5.4% YoY an year ago. 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Higher interest rates will weaken consumption. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Monthly%20Chartbook%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports","icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Monthly Reports","Chart Book"]},{"title":"Fixed income weekly: Domestic yields to ease in-line with global yields","description":" Centre raised INR 280bn as planned on October 21, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 9.15tn vs. INR 7.98tn in FYTD22 up 14.6% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2025%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"CPI climbs up led by higher food and core inflation","description":" CPI inflation inched up to 7.41% YoY in September (our est. 7.45%) vs. 7.0% in August. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/CPI%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"The_Weekly_Update_03_October_2022","description":" While the FOMC minutes and members continued to provide a hawkish guidance, investor focus has been on developments in the UK financial markets. The new UK Chancellor has announced plans to scale back the quantum of fiscal stimulus resulting in a relief rally in the GBP and gilt yields. UK developments could dominate price action in the near-term \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2018%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"The Weekly Update: Relief on the UK front at last! ","description":" While the FOMC minutes and members continued to provide a hawkish guidance, investor focus has been on developments in the UK financial markets. The new UK Chancellor has announced plans to scale back the quantum of fiscal stimulus resulting in a relief rally in the GBP and gilt yields. UK developments could dominate price action in the near-term \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2018%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Fixed income weekly: Yields ease, liquidity tightens","description":" Centre raised INR 300bn as planned on October 14, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 8.87tn vs. INR 7.74tn in FYTD22 up 14.5% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2017%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"17 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"IIP October 2022","description":" Index of Industrial Production (IIP) fell by 0.8% YoY in August 2022 from 2.2% in July 2022, lower than our estimate of 1.3%. On a MoM basis, it decreased by 2.3% \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/IIP%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Fixed income weekly: Inflation in focus","description":" Centre raised INR 280bn in the first auction of H2FY23 as planned, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 8.57tn, up 17.9% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2010%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"The Weekly Update: Elevated US core CPI to keep the USD bid! ","description":" Investors continue to respond to concerns about the FOMC keeping rates higher for longer. The net result has been a hardening in yields and a stronger USD \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2010%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Above normal monsoon but marginally lower sowing","description":" South-west monsoon ended at 6% above normal after a slow start in June. Spatial variations persisted with rice growing belt of East and Northeast India witnessing below normal rains. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/India%20Agriculture_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"The Weekly Update: Living in times of volatility","description":" The GBP has staged a sharp comeback as the BoE announced a temporary QE program and the UK Chancellor has reversed the tax cuts for high income earners that have reduced concerns about the UK fiscal position. Hence, some stability in the UK financial markets is expected that should have a knock-on effect on the global financial markets, even as the quantum of roll-back of tax cuts remains modest in size. However, concerns about the impact of rising interest rates on the financial sector and the broader economy will continue to keep the global risk environment challenging \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2003%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"03 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Fixed income weekly: Indian yields inch up, upward bias seen","description":" Centre plans to raise INR 5.92 via bonds in H2 and INR 2.86tn via T-Bills in Q3 while states are expected to borrow INR 2.53tn during Q3FY23. Centre is sticking to its borrowing plan for the year \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%203%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"03 Oct 22 12:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"FOMC minutes: Confirms tightening bias to remain in place","description":" The main message from the FOMC minutes for the policy meeting held over 20-21 September 2022 was that the majority of members remained concerned about inflation. Hence, the need to continue tightening so as to keep the policy rate in restrictive territory remains firmly in place. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/FOMC%20minutes%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"MPC minutes: Cautious approach calls for front-loading","description":" Inflation emerging as a concern given INR depreciation, higher oil prices and elevated core inflation. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/MPC_Minutes_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" ICICI Bank expects the MPC to raise policy rates by 50bps while providing a hawkish guidance reflecting concerns about the spill-over effects of global slowdown and global monetary tightening. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_30_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The Bank of England announced it will carry out temporary purchases of long-dated UK government bonds from 28 September until 14 October to restore orderly market conditions with a GBP 65bn quantum expected. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_29_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"xyz","description":" Media reports indicated that Russia has continued to cut off the last gas pipeline to Ukraine’s European allies and moved to annex a large chunk of Ukrainian territory. European gas futures have risen sharply on fears of an escalation in the energy crisis.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_28_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income fortnightly","description":" While the FOMC provided a hawkish surprise via its ‘dot plot’ signalling that rates will be higher for longer, focus has shifted back to Europe. The UK’s mini-fiscal stimulus in the form of broad-based tax cuts has worked as a negative catalyst for the GBP and broader risk backdrop as it raised concerns about persistent inflation pressures remaining in place. The Italian election results as well as the ongoing European energy crisis are working as additional bearish triggers \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2027%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Fixed income weekly: MPC in focus as global sentiment weighs","description":" Centre raised INR 280bn in the last week against the proposed INR 330bn, with FRB tenor auction cancelled. FYTD gross issuances stood at INR 7.96tn vs. INR 7.02tn, up by 13.3% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2027%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Finance minister Nirmala Sitharaman is expected to meet state chief secretaries this week to push state capital expenditure and to have better synergy in implementation of flagship schemes. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_27_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Giorgia Meloni won a clear majority in Sunday’s Italian election, setting herself up to become the country’s first female prime minister at the head of the most right-wing government since World War II. Her alliance, which also includes Matteo Salvini’s League and Silvio Berlusconi’s Forza Italia, claimed about 43% of the vote, according to projections for RAI, the public broadcaster. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_26_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"26 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" For the first time since 1998, the BoJ intervened in the FX markets on behalf of the Ministry of Finance via using the funds that are available in the reverse repurchase agreement facility that it has with the Federal Reserve. So far, the central bank has refrained from selling US treasury securities. In its monetary policy decision, the BoJ kept its accommodative framework and YCC in place while not indicating towards any change in monetary stance.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_23_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The FOMC raised the federal funds rate by 75bps to the 3% - 3.25% range pushing borrowing costs to the highest since 2008. The dot plot showed interest rates will likely reach 4.4% by December, above 3.4% projected in June, and rise to 4.6% next year. Meanwhile, GDP growth forecasts were revised lower to show a 0.2% expansion this year, compared to 1.7% seen in June and 1.2% in 2023, below 1.7% seen in June. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_22_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Chief Economic Advisor Anantha Nageswaran, speaking at the Global Fintech Fest event, pegged India’s growth rate for FY23 at 7%, down from the 8% that was projected previously in January; Finance Minister Nirmala Sitharaman urged the fintech industry to engage more closely with the government and encouraged them to look at green finance. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_21_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The People's Bank of China kept the 1-year loan prime rate (LPR) at 3.65% and the 5-year LPR at 4.3% at its September fixing. While the PBOC on Monday lowered the borrowing cost of 14-day reverse repos from 2.25% to 2.15% to revive credit and prop up the sputtering economy.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_20_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Preparing for a hawkish FOMC! ","description":" G-3 core inflation rates continued to rise, even as headline inflation rates are moderating in the US and UK. Rising core inflation suggests tight demand conditions that warrants a continued tightening in monetary policy. The drivers of core inflation in the US are shifting from goods to services reflecting a very tight labour market. Hence, markets continue to price in higher terminal rates across the board  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2019%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Inflationary pressures in India appear to be on a decline with a pre-emptive set of administrative measures by the government, agile monetary policy and easing of international commodity prices and supply-chain bottlenecks, according to the monthly Economic Review released by the Finance Ministry.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_19_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The USD/CNY pair has broken above the 7 mark reflecting a downward re-rating of Chinese growth prospects as well as continued outflows from the region. The PBOC’s efforts to tighten local liquidity is not having the desired effect in terms of supporting the CNY.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_16_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"16 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" WPI inflation for August eases to 11-month low of 12.4% from 13.9% in July led by fuel and manufactured products. Food inflation was higher at 9.9% led by perishables and cereals. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_15_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"15 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India’s FM Nirmala Sitharaman on Tuesday said many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Speaking at Mindmine Summit 2022, she said this along with other steps taken by the government is towards full capital account convertibility. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_14_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income fortnightly : US CPI inflation to dictate price action","description":" The ECB delivered a hawkish rate hike of 75bps and the FOMC Chairman Powell indicated that policy tightening will remain in place. Hence, markets have further upwardly revised their policy rate expectations higher across G-10, with the exception for Japan. We see some consolidation setting in to the FX and rates market as investors re-assess the longer-term inflation trend along with the effect on the global economy  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2013%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" India's retail inflation inched up to 7.0% YoY in August 2022 compared with 6.71% in July 2022, led by acceleration in food and beverages inflation to 7.6% YoY (vs. 6.7% last month). This is the eight consecutive month of inflation above RBI's upper tolerance level of 6%. Core inflation inched up marginally to 5.84% YoY in August (vs. 5.78% last month).  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_13_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly: Firm demand supporting the long-end, Inflation in focus","description":" Centre raised INR 280bn in the week with no FRB issuance. FYTD gross issuances stood at INR 7.35tn vs. INR 6.45tn, up by 13.9%. India and US CPI along with index inclusion to drive yields this week \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2012%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Fed officials continue to provide a hawkish guidance. Federal Reserve Bank of St. Louis President James Bullard says he has become more supportive of a third straight 75 bps interest rate increase and Wall Street is underestimating the likelihood that the Fed will hold rates at higher levels next year. Kansas City Federal Reserve Bank President Esther George said the US inflation rate remains far too high and policy makers have a “clear-cut” case for continuing to remove monetary support. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_12_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The ECB raised its policy rates by 75bps with the deposit rate moving to 0.75%. The central bank provided a hawkish guidance indicating that further tightening is on the cards, although it ruled out resorting to QT at this stage. Inflation forecasts were revised sharply across the forecast horizon while GDP growth projections were lowered for 2023 and 2024 respectively.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_09_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India's inflationary pressure is not a red-letter priority but Asia’s third-largest economy seeks to prioritize job creation and equitable wealth distribution, India’s FM Nirmala Sitharaman said while talking at the US-India Business Council’s India Ideas Summit. She further added that the two objectives have been set as priorities in order to increase India’s pace of development. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_08_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Moody’s retained India's sovereign credit rating of Baa3 with a stable outlook. It mentioned that rising global challenges in the form of the Russia-Ukraine conflict, high inflation, and policy tightening by central banks will not derail India's economic recovery from the Covid-19 in 2022 and 2023. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_07_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income fortnightly : The USD rally sustained by weak non-US growth conditions","description":" The USD has remained supported driven by a greater degree of growth concerns in the non-US world and by a limited degree of a re-pricing of terminal rate projections. Our Q32023 FX projections have been met. We are subsequently mark to market our USD projections higher across the board. We see upside possibility of 112 emerging in the DXY along with a range of 6.95-7.00 for the USD/CNY pair. The exception is the INR in which we keep our projections unchanged driven by RBI intervention  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2006%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" RBI Governor Shaktikanta Das on Monday said the banking system is healthy enough to withstand any negative spillovers from external headwinds emanating from the Jackson Hole speech by the US Fed. He further added that the central bank is expecting the inflation to cool off from the second half and moderate further from the fourth quarter. He also said that inflation is likely to stay within the tolerance band in the next financial year.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_06_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly: Indian long-end yields stable, liquidity surplus goes up","description":" Centre raised INR 330bn on 02 September with seven year tenor partially devolving on PDs. FYTD gross issuances stood at INR 7.07tn vs. INR 6.12tn, up by 15.4%. Direct tax collections (+73% YoY) and likely inclusion in the global bond indices are positives, while higher global yields may weigh \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2005%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" According to data released by the IMF, India overtook UK to become world’s fifth biggest economy. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_05_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank’s campaign to cool inflation was still not complete.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_2_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India’s Q1FY23 GVA and GDP growth at 12.7% and 13.5% came in well below our and consensus estimates owing to subdued growth in the manufacturing and mining sector. Consumption and investment were key drivers of growth while services sector showed a rebound. Nominal GDP growth was reported at 26.7% on the back of higher inflation. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_1_September_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The European Union is set to meet its gas storage filling goal two months ahead of target as the bloc braces for a tough winter with Russia limiting supplies and soaring energy prices. European Union set goal to fill reserves up to 80% by November. Germany on track to meet national storage goal before deadline.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_30_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Finance Minister Nirmala Sitharaman, at the eighth anniversary of PMJDY, spoke on the importance of financial inclusion as a step towards inclusive growth and enumerated on the milestones of the program which, alongside JAM, enabled DBT to beneficiaries during Covid period. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_29_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" US central bankers stressed the need to keep raising interest rates. St. Louis Fed chief James Bullard said officials should act quickly and lift their policy benchmark to a 3.75% to 4% range by year end. Kansas City Fed President Esther George added that Fed hasn't yet raised interest rates to levels that are weighing on the economy and may have to take them above 4% for a time. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_26_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"26 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" RBI Monetary Policy Committee (MPC) member Jayanth R Varma on Wednesday cited escalation of geopolitical tensions as the biggest risk to India's growth outlook, especially if these tensions spread to the Asian region. He added that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the ‘norm’ in the country. He further noted that the MPC is determined to bring inflation down close to the target rate of 4% as quickly as possible without imposing intolerable costs in terms of economic growth. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_25_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Governor Shaktikanta Das said that the RBI aims to reduce inflation to its medium-term target of 4% in the cycle of about two years and its future rate actions will be data\u0002dependent. He further mentioned that yield curve is indicating that the inflation was coming down as yields have drifted lower compared to May levels. On the external sector front, he added that CAD will be within manageable levels and financed in a “reasonably comfortable” manner. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_24_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"24 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_23_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" RBI’s MPC minutes released on Friday show that the members believe inflation has peaked in April and now is on its way down. On the growth front, members see India’s growth holding up even as global growth outlook is weakening. Members believe front-loading of rates should help in anchoring inflation expectations and also reduce the need for higher terminal repo rate. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_22_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" RBI Bulletin for August 2022 was released and commented on the gloomier global growth prospects while being optimistic over the Indian economy in the near term despite inflation causing concern. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_19_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The FOMC minutes for the policy meeting that was held over 26-27 July 2022 confirmed that future rate decisions will remain ‘data-dependent’ and that a slower pace of rate hikes are likely going forward. However, the focus for the central bank remained on reining in on inflation that still remains fairly elevated. The central bank maintained its soft-landing scenario and that a slowdown in growth as well as a deterioration in the labour market is likely going forward. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_18_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India CPI inflation fell to 6.71% YoY in July from 7.01% in June; while food inflation eased to 6.71% YoY (vs. 7.56% last month) while core inflation eased to 5.79%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_17_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"17 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" For the first time in over two years, PPI inflation fell on a sequential basis in July by 0.5% MoM indicating that price pressures have likely peaked.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_12_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The US CPI slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June, and below market forecasts of 8.7%. A decline in gasoline offset increases in food and shelter costs. Core inflation was steady at 5.9%, beating expectations of 6.1%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_11_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"11 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Fed's St. Louis president James Bullard said that he wants rates at least at 3.75- 4% by the end of the year. He said the Fed will be prepared to hold interest rates “higher for longer” should inflation continue to surprise to the upside. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_10_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" MPC hiked the policy repo rate by 50bps to 5.40% and the stance – “ withdrawal of accommodation” – was also kept unchanged. Governor Das, in the post-policy conference, mentioned that MPC took a calibrated and measured approached given that 50bps hike has become the new normal. With broad-based traction visible, the growth forecast was kept unchanged at 7.2% for FY23. Even though, inflation outlook has improved, MPC kept the inflation forecast at 6.7% for FY23. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_08_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" ICICI Bank expects the MPC to hike rates by 35bps in its policy meeting later today and provide a data-dependent guidance to the market.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_05_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve officials again signaled they will do what’s required to cool high inflation with rate increases even if that raises the risk of recession. Fed Bank St. Louis President James Bullard said he favours a strategy of “front-loading” big interest-rate hikes, and he wants to end the year at 3.75% to 4%, while his Thomas Barkin and Neel Kashkari said the central bank was committed to lowering inflation and a recession could happen. San Francisco’s Mary Daly maintained that the central bank can counter inflation without triggering mass unemployment and an economic downturn. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_04_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Amid concerns over the decline in the value of the rupee against the US dollar, Finance Minister Nirmala Sitharaman on Tuesday asserted that there is no collapse of the unit and it is actually finding its natural course, while adding that the RBI is continuously monitoring the local currency and intervening only if there is volatility. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_03_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"03 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" US House Speaker Nancy Pelosi is expected to visit Taiwan on Tuesday, defying Chinese authorities who have warned of consequences if the trip takes place.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_02_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Prime Minister Narendra Modi on Saturday asked the state governments to resolve the payment crisis that undermines the financial and operational viability of the power sector entities by clearing subsidies to distribution utilities (discoms) in time and ensuring that government departments and local bodies pay their power bills before the due dates. Stating that unpaid dues to power sector entities stood at a staggering INR 2.5tn, he said states’ subsidy dues to discoms alone were over INR 750bn at last count. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_01_August_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" US real personal spending contracted by 0.4% MoM in May 2022 that was the first contraction of the year raising investor concerns about a possible global recession. At the time of writing, the fed funds futures market is pricing in a terminal rate of 3.5% by March 2023 with it expected to move lower to 3% by December 2023.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_01_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" Fed’s Powell said that the Fed will not let the economy slip into a "higher inflation regime" even if it means raising interest rates to levels that put growth at risk. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_30_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" The 47th GST Council meeting, currently underway, approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, according to official reports, and discussed a host of procedural compliance-related issues for GST-registered businesses along with a Group of Ministers’ (GOM) report on high-risk tax payers to check evasion.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_29_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":"  G-7 leaders are set to instruct ministers to explore implementing a price cap on Russian gas, according to people familiar with the discussions.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_28_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" RBI’s Deputy Governor Michael D. Patra said there are indications of inflation peaking and because of this the required monetary policy tightening will be “more moderate” than that in other economies. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_27_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" On the second day of his semi-annual testimony to the House of Congress, the FOMC Chairman reiterated his commitment to bringing down inflation as ‘unconditional’.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_24_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"24 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" India’s MPC minutes show members emphasized the need to anchor inflation expectations. Though inflation is led by supply side factors, members were worried about the widespread build up. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_23_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" Media reports indicate that the US President Joe Biden will call on Congress to enact a gasoline tax holiday in response to the recent surge in prices that has taken place.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_22_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" China’s Covid-19 outbreak is shifting to its south coast, with a flareup in Shenzhen triggering mass testing and a lockdown of some neighborhoods. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_21_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" RBI Governor Shaktikanta Das said the central bank has been targeting a soft landing for the economy when rising inflationary pressures have necessitated domestic monetary tightening.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_20_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" President Joe Biden said a US recession isn’t inevitable and acknowledged that aides warned him about the inflationary risk of his flagship relief bill.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_17_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"17 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" US CPI inflation accelerated by 1% MoM much above expectations that pushed the inflation rate in YoY terms to 8.6% in May against 8.3% in April. While energy prices surged, there were strong indications of a broad-based firming as CPI core inflation accelerated as well much above expectations. In response to the CPI print, the US President stated that he would be making fighting inflation his top priority.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"https://author-icicibank-stage.adobecqms.net/assetdetails.html/content/dam/icicibank/india/erg/daily-reports/MMS_13_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"UFI-05.06.22","description":" ICICI Bank’s weekly UFI1 had a marginal moderation to 111.4 vs. 111.8 the week before.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/i360-indices/UFI-05.06.22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/i360-indices"],"chartLink":null,"tagTitle":["i360 Indices"]},{"title":"Morning Market Starter","description":" India’s FM Nirmala Sitharaman on Tuesday asked states to build infrastructure and do "energy planning" thereby ensuring uninterrupted, quality supply of power is made available to industries at reasonable rates, enabling them to grow their businesses. Referring to her budget announcement of allotting INR 7.50tn to the infrastructure sector in the country, she said it was comparatively higher to the INR 5.50tn that was allotted last year. She further said that the country's trade pacts with the UAE and Australia will chart the way for economic growth. India was looking at tapping new markets for import of edible oils, following the conflict between Ukraine and Russia, Sitharaman said. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS%2011%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"11 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" India’s FM Nirmala Sitharaman on Saturday asserted that the rising interest rate scenario is unlikely to derail the government’s plans for a record budgetary capex of INR 7.5tn in FY23 to spur economic growth. She mentioned that the recent rate hikes by RBI was not surprising but timing was and added that in the last MPC meeting, RBI gave indications that it's time for them to also act, and the hike was part of a synchronised action by major central banks across the globe. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS%2009%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The BoE hiked its policy rates by 25bps in line with expectations with the MPC voting at 6-3 as 3 members voted for a 50bps rate hike. The guidance provided was that the UK economy could enter a stagflation environment with CPI inflation expected to peak at 10% in Q42022 and GDP expected to contract by -0.25% in 2023. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS%2006%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" CICI Bank Canada is a Canadian bank that is participating in the Student Direct Stream (SDS) in India. With the ICICI Bank Canada Student GIC Program, a client can open a Student Account in Canada from India, and invest in a Guaranteed Investment Certificate (GIC) in Canada. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS%2002%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" At the outcome of the FOMC meeting, we expect: (a) 50bps rate hike in fed funds rate, (b) official announcement that QT will commence at the rate of USD 95bn per month from June onwards and (c) a hawkish guidance indicating that at least a cumulative amount of 250bps worth of rate hikes will be delivered over 2022.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS%2004%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]}]

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