Hike


 

This morning Wheaton Precious Metals (WPM) looks set to drop on the news that President Trump and the United States seek a diplomatic solution to the North Korea crisis, which is hitting precious metals that had spiked on recent tensions.

Recall that many stocks in the precious metals sector slashed or completely eliminated their dividends as the prices of gold and silver plummeted from 2012 to 2016.

dividend Gold hike metal ounce precious metal raised silver WPM year

 

For the first time in a long time, CME Fedwatch shows the odds of a rate cut in December rose considerably above zero.

Yes, that’s a long shot, but cut odds were zero on Thursday, zero a week ago, and zero a month ago.

ago CME cut December FedWatch hike odds rate rose shows

 

Food Minister on Saturday said the has no immediate plans to further hike from the existing 10 per cent.

On March 28, an of 10 per cent was imposed on to curb in view of record domestic output at around 97.44 million tonnes in 2016-17 crop year (July-June).

cent crop duty existing food hike minister plans Saturday tonnes

 

The already skeptical markets now give the Federal Reserve just a 1-in-3 chance of hiking interest rates in December, after a fifth weak monthly reading of consumer inflation. The markets expect just one rate hike for next year.

bond core CPI Fed hike inflation interest market raise rate

 

Consumer prices likely rose just slightly in July, continuing a sluggish, and befuddling trend that puts the Federal Reserve's ability to raise interest rates in doubt.

The latest print of the consumer price index comes Friday at 8:30 a.m.

consumer CPI data Fed hike inflation interest rate markets Thursday year

 

Employers added a solid 209,000 jobs in July, but sluggish wage growth added to lingering doubts that a lack of inflation could slow the Fed's efforts to raise interest rates. Strong job growth is expected to lead to higher wages, as employers compete for workers, but even though there are some labor shortages, wage gains have stayed low.

December Fed growth hike inflation interest rate job market strong wage

 

The curse of the developed world central banks -- low inflation -- is turning out to be the boon for emerging markets , and their bonds That’s making things very different for the asset class compared with past cycles of Federal Reserve interest-rate increases. Peru, which had hyperinflation in excess of 1,000 per cent at one point in the 1980s, saw prices rise just 2.9 per cent last month.The pattern has widened the gap between real central bank policy rates in emerging markets -- which are adjusted for inflation -- and those in the biggest developed nations to almost 4 per centage points as of June, according to the Oxford Economics research group.

bonds cent central bank developed emerging market Fed hike inflation making rate

 

Top health insurance companies in numerous states are looking to hike premiums by double-digits – some by roughly 30 percent or more – for ObamaCare plans in 2018, according to newly released figures that could light a fire under stalled efforts on ...

companies digits double Health hike insurance Numerous premiums roughly states

 

Weavers reel under post-GST hike in yarn prices [-0.12]

Posted on Aug. 1, 2017, 8:30 p.m. by Markets @ [source]

A post Goods and Services Tax (GST) hike in prices of fully drawn (FDY) and partially oriented (POY) by 5-7% has sent the synthetic textile weaving industry reeling under margin pressures.

Unlike the pre- prices, the post- ones will see an additional 18 per cent levy on and processors, which the latter have to claim through input tax credit.

cent credit hike input post processors risen rising Rs kg tax

 

Federal Reserve 'dragging its feet' on rate hikes: Expert [0.02]

Posted on July 26, 2017, 8:31 p.m. by Finance @ [source]

The Fed began to gradually raise rates in December 2015, with the last hike occurring in June.

While it passed on another hike on Wednesday, the Federal Open Market Committee laid the groundwork in its post-meeting statement to start reducing its balance sheet, with language pointing to a move starting in September.

began December dollar Fed gradually hike June occurring raise rate

 

Also Read: ITC tanks 13% as GST Council hikes cess on cigarettes.

Also Read: GST: Modi govt raises tax on cigarettes While the news is a negative for the company and will require some re-strategizing on the pricing front, we believe that the long-term story remains intact.

cigarette EPS FY18 FY19E GST hike ITC Rs tax term

 

Stock prices of other cigarette makers Godfrey Phillips and VST Industries, too, fell 6-8 per cent because of the hike, which came after market hours on Monday. While investors in saw their wealth decline by about Rs 50,000 crore, the fall in ITC’s stock price was the single biggest reason for the S&P BSE Sensex shedding 364 points to close at 31,711.

analyst cent cess cigarette GST hike rate Rs stock tax

 

For 84mm cigarette, the government increased the ad valorem rate to 36% (5% earlier) - this along with 28% rate increased ad-valorem component to 64%. For ITC, 84mm post this move should see maximum price hike which would likely impact volumes and margins, analysts say.

cigarette government hike increased ITC pass rate Rs tax volumes

 

For 84mm cigarette, the government increased the ad valorem rate to 36% (5% earlier) - this along with 28% rate increased ad-valorem component to 64%. For ITC, 84mm post this move should see maximum price hike which would likely impact volumes and margins, analysts say.

cigarette government hike increased ITC pass rate Rs tax volumes

 

Oil remains stuck under $50 per barrel in the summer of 2017. The grand recovery helped the oil giants in 2016, but the oil price recovery seems to have already peaked.

BP consensus dividend earnings hike Occidental oil payout raised yield

 

Solid payroll figures in June should keep the U.S. Federal Reserve in a "hike-once-a-quarter mindset," said influential bond manager Jeffrey Gundlach, chief executive of DoubleLine Capital on Friday.

Non-farm payrolls jumped by 222,000 jobs last month, driven by hefty gains in healthcare, government, restaurants and the professional and business services sectors, the Labor Department said on Friday.

bond federal figures Friday Gundlach hike June payroll Reserve Solid

 

A hike in taxes on sales in India could pressure short-term demand from the world's No.

Small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt," the said in a report published on Thursday.As part of a new nationwide sales tax regime that kicked in on July 1, the Goods and Services Tax (GST) on has jumped to 3 percent from 1.2 percent previously.There have been fears the tax increase could stoke under-the-counter buying and drive up an appetite for precious metal smuggled into India, where millions of people store chunks of their wealth in bullion andMeanwhile, the also said a government move to ban cash transactions over Rs 200,000 from April 1 could hurt demand in where farmers often purchase the metal using cash due to limited access to cheques and electronic payment systems.Two-thirds of India's demand comes from rural areas, where is a traditional store of wealth.

appetite demand hike India metal sales store tax taxes wealth

 

The rate hike came as several officials voiced concern over the effect, or lack thereof, that their recent measures were having on financial markets.

While the Fed has increased its benchmark rate target four times since December 2015, government bond yields have declined in recent months.

balance sheet bond Committee Fed financial hike inflation market rate recent

 

Total capitulation by Governor Bruce Rauner is in the works.

In the emergency session, Rauner has agreed to hike the personal income tax rate to 4.95% from the current 3.75%.

agreed current hike income outcome rate Rauner reforms system tax

 

Checking in on the 2/10 Spread [0.08]

Posted on June 26, 2017, 4:43 p.m. by Crossing Wall Street @ [source]

I like to take an occasional look at the spread between the two- and ten-year Treasuries. Over the last 35 years, negative 2/10 spreads have often preceded recessions.

Fed hike negative occasional rate spread ten Treasuries Two year