The S&P 500 rose 0.7% on positive comments from the Chairman of the Federal Reserve while Stoxx Europe 600 Index (SXXP) dropped 1.8% as Greece’s prime minister asked for a two-year reprieve from cutting government spending. MSCI Asia Pacific Index (MXAP) slid 0.4% on signs of slow growth in the two largest economies in the world and concern over the Euro zone. Brent crude fell 12 cents after reports that IEA is likely to tap strategic oil reserves as soon as September.
What is the risk of escalating tensions in the Middle East contributing to higher oil prices especially given Sri Lanka’s dependence on Iranian oil?
In a context where Sri Lanka is actively discouraging consumer durables imports, India has done just the opposite despite having a teetering exchange rate and BOP issues.
Vietnam is experiencing doubtful growth prospects with an emerging slump in its urban real estate sector.
Africa’s fast-growing middle class has money to spend
An Interesting article from India on reforming its private sector education , and the social conflicts arising therein.