[{"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":"/content/dam/icicibank/india/erg/daily-reports/MMS 02 May 2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Apr 23 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports","icicibank:erg/research-reports/i360-indices","icicibank:erg/research-reports/central-bank"],"chartLink":null,"tagTitle":["Daily Reports","i360 Indices","Central Bank"]},{"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":"/content/dam/icicibank/india/erg/daily-reports/MMS 02 May 2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Apr 23 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/central-bank"],"chartLink":null,"tagTitle":["Central Bank"]},{"title":" Morning Market Starter","description":" MPC member Ashima Goyal on yesterday said, the government should not go in for an 'aggressive fiscal consolidation' in the upcoming budget as global risks persists, while adding that sticking to small pre-announced steps on the path will minimise growth sacrifice, while moderating demand and the current account deficit, thus lowering the risk premium that keeps spreads high and raises the cost of government and private borrowing. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_29_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"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 government's total debt increased to INR 147.19tn at the end of September from INR 145.72tn at the end of June this fiscal year, the quarterly report on public debt management released by the finance ministry on Tuesday stated. It further added that the public debt accounted for 89.1% of total gross liabilities at September-end 2022, up from 88.3% as on June 30.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_28_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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 26 December 2022","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%2012%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":"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":"Morning Market Starter","description":" The US PCE price index increased by 5.5% YoY in November, the least since October of 2021 and below 6.1% YoY in October. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_26_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"26 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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. As per the minutes of the MPC meeting, Governor Das has recommended further calibrated monetary policy action owing especially to the stickiness in the core inflation. External member Ashima Goyal believes that the MPC should move to a neutral stance in which policy rate movements can be data-dependent. Prof. Jayanth Varma reiterated his view that the rate hike and continuation of stance is not warranted in light of reduced crude oil prices and easing of supply side shocks. \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. In its report on the state of the economy, RBI said that with every passing day, the balance of risks is increasingly tilted towards a darkening global outlook and emerging market economies (EMEs) appear to be more vulnerable, even though incoming data suggest that global inflation may have peaked. \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":"Fixed income weekly: MPC minutes and US PCE inflation in focus","description":" Centre raised INR 300bn as planned on 16 December, with no devolvement on Primary Dealers. Gross issuances for FYTD23 stood at INR 11.2tn, up 15.8% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2019%20December%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Dec 22 09:43 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Fixed income weekly","description":" Centre raised INR 300bn as planned on 16 December, with no devolvement on Primary Dealers. Gross issuances for FYTD23 stood at INR 11.2tn, up 15.8% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%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":"Fixed income weekly","description":" Centre raised INR 330bn in the last week with INR 28bn being devolved to Primary Dealers. FYTD gross issuances stood at INR 7.68tn vs. INR 6.71tn, up by 14.4%  States raised INR 104.5bn with Puducherry raising INR 1bn via greenshoe as well; FYTD gross borrowing stood at INR 2.39tn, down by 15.5% YoY. T-bill issuances in the week were INR 367bn and FYTD23 issuances stand at INR 8.44tn (vs. INR 8.09tn in last year same period) \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2019%20September%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":"","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: 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":"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":"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":"","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":"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":"Morning Market Starter ","description":" Several Federal Reserve officials—Williams, Daly and Mester--all stressed the central bank’s commitment to lowering inflation back to their 2% target and the need for clear evidence of easing price pressures.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_19_December_2022.pdf","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":"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.  \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. \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. \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":"Morning Market Starter ","description":" As restrictions have been eased in China, media reports indicate that there has been a sharp surge in cases of Covid-19 across the country that will continue to work as a headwind in keeping private consumption demand weak. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_12_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Chinese authorities may further soften their stance on property policies at its key economic meeting next week after the Communist Party’s top decision-making body said it will seek a turnaround in the economy for 2023. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_09_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The MPC hiked repo rate by 35bps to 6.25% with a 5:1 vote. The MPC also decided to focus on withdrawal of accommodation retained by a 4:2 majority. RBI Governor Shaktikanta Das cautioned that “the battle against inflation is not over”, while acknowledging that it was expected to moderate. CPI inflation forecast for FY23 was retained at 6.7% and GDP forecast was lowered by 20 bps to 6.8%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_08_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 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 MPC to raise the repo rate by 35bps in today’s policy meeting. While we believe stance will be maintained at ‘Withdrawal of accommodation’, next rate hike will still depend upon how growth-inflation incoming data pans out. If stance is changed (low probability), then we are mostly done with rate hike cycle.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_07_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The J.P.Morgan Global Composite PMI index fell to 48.0 in November, from 49.0 in October. The headline index has signalled contraction in each of the past four months. November saw manufacturing output and service sector business activity fall at the fastest rates since June 2020. The J.P.Morgan Global PMI services index fell to a 29-month low of 48.1 in November, from 49.2 in October. The index has signalled contractions in three out of the past four months. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_06_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter","description":" More Chinese cities announced easing of coronavirus curbs. Shanghai eased some of its Covid restrictions. The Beijing will scrap PCR testing requirements to enter outdoor public venues. While Hangzhou said it would drop testing requirements for entry into most public venues. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_05_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The J.P.Morgan Global Manufacturing PMI fell to a 29-month low of 48.8 in November, down from 49.4 in October. On the other hand, India’s manufacturing sector activity rose to a three-month high of 55.7 in November 2022 as new orders and exports expanded markedly in the latest month.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_02_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve Chair Jerome Powell signalled the Fed will slow the pace of interest-rate increases next month, while stressing borrowing costs will need to keep rising and remain restrictive for some time to beat inflation. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_01_December_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Dec 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"/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":"Monthly Chartbook November 2022","description":" ChartBook \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/chartbook/Monthly%20Chartbook%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Chart Book"]},{"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. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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":"/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.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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":"/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":"/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%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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! ","description":" The sharp downside surprise in US CPI inflation along with evidence of decelerating PPI inflation has worked to force markets to trim expectations of the Fed’s terminal rate putting the USD under pressure. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%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":"Fixed income weekly: FOMC minutes in focus","description":" Centre raised INR 300bn as planned on 18 November, with no devolvement to Primary Dealers. 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. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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":"/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":"/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":"/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":"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. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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":"/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":"/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! ","description":" While the FOMC Chairman provided a hawkish guidance indicating that a higher terminal rate could be in the offing; global risk sentiment has improved on evidence of resilience in the US economy, fall in European energy prices and in response to the dovish forward guidance provided by the ECB and BoE. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2007%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Fixed income weekly: US inflation to anchor global yields","description":" Centre raised INR 300bn as planned on 4 November, with no devolvement to Primary Dealers. Gross issuances for FYTD23 stood at INR 9.45tn vs. INR 8.22tn in FYTD22 up 14.8% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%207%20November%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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). \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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%.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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":"/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. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_01_November_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Nov 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Wheat futures surged after Russia pulled out of an agreement to allow grain exports from Ukraine through the Black Sea, a deal seen critical for easing tight world supplies and controlling global food costs. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_31_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"ECB review: Tightens on expected lines; 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However, they have not broken sharply lower and have been unable to break below the USD 1600/oz threshold. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Gold%20monthly%20October%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Index of Industrial Production: Industrial production shrinks ","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":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Chartbook October 2022: Uncertainty is the only certainty","description":" Global markets saw heightened volatility after UK’s new Chancellor released a mini-Budget which encapsulated fiscal expansion to spur growth and insulate the economy from high energy prices \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"],"chartLink":null,"tagTitle":["Research Reports"]},{"title":"Fixed income weekly: Domestic yields to follow global yields as FOMC nears","description":" As per the borrowing calendar, no auction was held for the week ending 28 October 2022. For FYTD23, gross borrowings stood at INR 9.15tn, up by 11.3% YoY \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2031%20Octob","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"India Trade October 2022: Goods exports slow down, services remain buoyant","description":" Exports moderated to USD 29.8bn in October, -16.7% YoY. On a MoM basis, exports fell by 16% with broad-based deceleration. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/monthly-reports/Trade_Oct_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/monthly-reports"],"chartLink":null,"tagTitle":["Monthly Reports"]},{"title":"Morning Market Starter","description":" Wheat futures surged after Russia pulled out of an agreement to allow grain exports from Ukraine through the Black Sea, a deal seen critical for easing tight world supplies and controlling global food costs. Russia suspended the deal after drone strikes against its naval fleet, claiming that one of the drones might have come from a grain ship that’s part of the Black Sea initiative. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_31_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"October US labour report: Strong enough for the FOMC to carry on!","description":" US payrolls printed above expectations, even as it slowed on a sequential basis. Hiring appeared to be fairly broad-based with construction sector emerging as the primary concern. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/NFP-October-2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" The Reserve Bank of India (RBI) announced an additional meeting of the Monetary Policy Committee (MPC) on November 3, 2022 to prepare a report for the government on why it was unable to keep retail inflation below the target of 6% for three consecutive quarters. RBI governor Shaktikanta Das said that the report will not be made public, as it is a privileged communication between the central bank and the government.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_28_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":" Morning Market Starter","description":" “The windfall taxes imposed in July 2022 on domestic crude and export of petroleum products will likely generate additional revenues of around INR 400 bn in FY23”, according to a senior official. “If global crude oil prices decline to USD 70-75/bbl, then the windfall taxes will be scrapped”. The levies are likely to continue subject to fortnightly adjustments unless oil prices fall to that range.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_27_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"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":" Morning Market Starter","description":" The Indian finance ministry released Monthly Economic Review for September where India's economic activity has been termed “impressive” amid concerns of surging inflation and the INR hitting all-time lows against the USD. The finance minister, Nirmala Sitharaman, assured that the upcoming budget for FY24 will focus on two key challenges namely economic growth and rising inflation \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_25_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter","description":" Federal Reserve Bank of Philadelphia President Patrick Harker said officials are likely to raise interest rates to “well above” 4% this year and hold them at restrictive levels to combat inflation, while leaving the door open to doing more if needed. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_21_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The Indian rupee lost 0.8%, plunging below the 83 mark against the dollar reflecting a sharp rise in US yields and global risk aversion.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_20_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The Cabinet Committee on Economic Affairs approved raising minimum support prices (MSP) of rabi crops for the 2023-24 marketing season. The MSP was hiked by INR 110 per quintal for wheat, by INR 500 for lentil (Masur), by INR 400 for rapeseed and mustard, by INR 209 for safflower, INR100 for gram and barley.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_19_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter ","description":" Prime Minister Narendra Modi expressed concern over India's high import bill for edible oil, fertilizers and crude oil, and said there is a need to work in a mission mode to make the country self-reliant and reduce import dependence.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_18_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter ","description":" In the meeting minutes of the Monetary Policy Committee, members articulated their concern on inflation but felt it is estimated to fall to 5% in Q1FY24. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_17_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"17 Oct 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 to 8.2% in September compared to 8.3% in August but came above market forecasts of 8.1%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_14_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" India’s retail inflation surged to a five-month high of 7.41% YoY in September vs. 7.0% in August, remaining above RBI’s upper threshold of 6% for three full quarters. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_13_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter ","description":" IMF lowered India’s FY23 growth forecast by 60bps to 6.8% in its latest forecast while the growth for FY24 was retained at 6.1%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_12_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Oct 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 expressed some degree of caution in raising policy rates going forward.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_11_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"11 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter ","description":" India's direct tax collection surged 24% INR 8.98tn during the period April 1 - October 8, 2022 (52.46% of BE). \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_10_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" India’s Services PMI saw a dip and posted 54.3 in September, following August’s rise at 57.2, suggesting a loss of growth momentum. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_07_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" Oil ministers agreed to lower OPEC+’s production target from next month by 2mbp -- the biggest such cut from the group since the start of the coronavirus pandemic in early 2020. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_06_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter ","description":" The J.P.Morgan Global Manufacturing PMI fell to 49.8 in September, down from 50.3 in August.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_04_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Morning Market Starter ","description":" The Reserve Bank of India’s monetary policy committee (MPC) voted to hike the repo rate by 50 bps to 5.9% and remaining focused on withdrawal of accommodation. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_03_October_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"03 Oct 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Fixed income weekly ","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/daily-reports"],"chartLink":null,"tagTitle":["Daily 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":"Monthly Chartbook September 2022","description":" ChartBook \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/chartbook/Monthly%20Chartbook%20September%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Chart Book"]},{"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":" Morning Market Starter","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":"Foodgrain output to be lower due to lower sowing","description":" Cumulative rainfall up to 22 September, 2022 is 7% above Long Period Average (LPA) compared with 6% above normal last week. Spatially, Central and Southern India continue to see excess rainfall while East and Northwest are witnessing below normal rains. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_23-September-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"Fixed income weekly","description":" Centre raised INR 330bn in the last week with INR 28bn being devolved to Primary Dealers. FYTD gross issuances stood at INR 7.68tn vs. INR 6.71tn, up by 14.4%  States raised INR 104.5bn with Puducherry raising INR 1bn via greenshoe as well; FYTD gross borrowing stood at INR 2.39tn, down by 15.5% YoY. T-bill issuances in the week were INR 367bn and FYTD23 issuances stand at INR 8.44tn (vs. INR 8.09tn in last year same period) \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%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":"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":"Rice and Pulses sowing lags","description":" Cumulative rainfall up to 13 September, 2022 is 6% above Long Period Average (LPA) compared with 5% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_14-September-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"Spatial variation persists; sowing yet to catch-up","description":" Cumulative rainfall up to 6 September, 2022 is 5% above Long Period Average (LPA) compared with 7% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_7-September-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Sep 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"August US labour report: Increase in labour supply pushes wages lower","description":" While US payrolls slowed on a sequential basis, it came in above expectations and remains at a robust pace from a historical perspective. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/NFP-August-2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Monthly Chartbook Aug_2022","description":" ChartBook \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/chartbook/Monthly%20Chartbook%20Aug_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Chart Book"]},{"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":"Monsoon steady, sowing lags","description":" Cumulative rainfall up to 28 August, 2022 is 7% above Long Period Average (LPA) compared with 9% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_29-August-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Fixed income weekly","description":" Centre raised INR 280bn on 26 August against proposed amount of INR 320bn. Bids for FRB issuance worth INR 40bn were cancelled. Sentiment was positive on back of reports of inclusion of Indian bonds in global bond indices. FYTD gross issuances stood at INR 6.74tn vs. INR 5.86tn, up by 14.9%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Fixed%20income%20weekly%2029%20August%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"Spatial variations persists in monsoon","description":" Cumulative rainfall up to 23 August, 2022 is 9% above Long Period Average (LPA) compared with 10% above normal last week . \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_24-August-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"24 Aug 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":"/content/dam/icicibank/icici-assets/corporate/globaltradeservice/knowledge-center/awards-desktop-4.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":" 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":"The Weekly Update: Powell is expected to dispel notions of a dovish policy pivot!","description":" The FOMC minutes for policy meeting held over 26-27 July 2022 worked as a trend reversal. It reminded investors that policy will tighten and that a data-dependent approach does not imply that rate cuts will be initiated immediately. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2022%20August%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"Monsoon rains steady, paddy sowing lagging","description":" Cumulative rainfall up to 17 August, 2022 is 10% above Long Period Average (LPA) compared with 6% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_18-August-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"The Weekly Update: Robust US labour market report supports the USD","description":" The release of strong US economic indicators along with hawkish commentary from FOMC officials resulted in an unwinding of expectations of a dovish pivot by the US central bank. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2008%20August%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"Monsoon rains steady, paddy sowing still lags ","description":" Cumulative rainfall up to August 3, 2022 is 6% above Long Period Average (LPA) compared with 10% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_4-August-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"The Weekly Update: Markets price in a turn in US monetary cycle!","description":" Investors have gone from pricing in central bank tightening in response to inflation risk to a turn in the monetary cycle possibly in 2023 in response to the build-up of recession risk. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2001%20August%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Aug 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Monthly Chartbook July_2022","description":" ChartBook \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/chartbook/Monthly%20Chartbook%20July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Chart Book"]},{"title":"Morning Market Starter ","description":" The US economy has in theory witnessed a technical recession of two consecutive quarters of sequential contraction after the US economy contracted by 0.9% QoQ seasonally adjusted annualized rate in Q22022 on the back of 1.6% contraction witnessed in Q12022.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_29_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"29 Jul 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 policy rates by 75ps to the 2.25% to 2.50% range while stuck to the QT calendar in which balance sheet run-off will increase from USD 47.5bn to USD 95bn by September. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_28_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Monsoon rains steady, paddy-sowing lags","description":" Cumulative rainfall up to July 27, 2022 is 10% above Long Period Average (LPA) compared with 12% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_28-July-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"28 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" ICICI Bank expects the FOMC to hike rates by 75bps taking the policy rate and provide a hawkish guidance reflecting ongoing inflation concerns. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_27_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" Russia is once again sharply reducing the flow of piped gas to Europe. Gazprom will cut shipments on the Nord Stream pipeline — the main gas link to the European Union — to about 20% of its capacity from Wednesday due to maintenance issues with a turbine. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_26_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"26 Jul 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 on Friday said the central bank will ensure that the economy has a soft landing wherein inflation is closer to 4%, with minimal impact on growth. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_25_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 Jul 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 the policy rate by a higher quantum than we expected by 50bps that was the first increase in 11 years and the biggest increase since 2000.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_22_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" The Asian Development Bank has cut its growth forecasts over the next two years for developing countries in Asia. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_21_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" The Central government reduced the windfall tax and export duty less than three weeks after they were imposed on the back of reduction in international fuel prices. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_20_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Monsoon picks pace, so does sowing ","description":" Cumulative rainfall up to July 19, 2022 is 12% above Long Period Average (LPA) compared with 9% above normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_20-July-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" Gazprom PJSC declared force majeure on at least three European gas buyers, a move that may signal it intends to keep supplies capped going forward.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_19_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Developments in Europe to drive price action","description":" In the week ahead developments in Europe will take centre stage on two accounts: (a) ECB commencing normalization of monetary policy and (b) whether Russia resumes supply of natural gas to Europe post end of the schedule maintenance (21-July-2022) of the Nord stream two pipeline. If Russia were to cut off supply, EU-US might be forced to retaliate further creating another round of pain for the markets. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2019%20July%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" China’s banking regulator has asked lenders to provide credit to eligible developers so they can complete unfinished residential properties after home buyers stopped paying mortgages on at least 100 projects across 50 cities.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_18_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 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 Bullard said that favored sticking with a 75bps rate increase later this month, rather than an even bigger move. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_15_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"15 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" Markets responded to a sharp rise in US CPI inflation from 8.6% in May to 9.1% in June. The fed funds futures market is pricing in a high probability of a 100bps rate hike in the July policy meeting itself. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_14_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" With consumer price inflation remaining high, Finance Minister Nirmala Sitharaman on Tuesday said the government is watchful of the price situation and will continue the pointed attack on inflation. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_13_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Monsoon above normal; sowing yet to catch up","description":" Cumulative rainfall up to July 12, 2022 is 9% above Long Period Average (LPA) compared with 7% below normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_13-July-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 8 July 2022, Centre borrowed INR 330bn with no devolvement on the primary dealers and no additional borrowing through greenshoe . \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2013%20July%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" White House National Security Adviser Jake Sullivan said that US President Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets Gulf leaders in Saudi Arabia this week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_12_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" Exuding confidence that the price situation will gradually improve in the second half of the current fiscal, RBI Governor Shaktikanta Das on Saturday said the central bank would continue to take monetary measures to anchor inflation with a view to achieving strong and sustainable growth. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_11_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"11 Jul 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 will discuss possible reductions in US tariffs on Chinese goods in a meeting with his advisers set for later today.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_08_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" FOMC minutes confirmed that the FOMC is poised to continue front-loading tightening policy with a further 175bps worth of rate hikes expected over 2022 as inflation is expected to remain elevated and only gradually moderate over the year.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_07_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" India's services PMI rose to a record high of 59.2 in June vs. 58.9 in May. The print is showing the fastest expansion pace in over eleven years since 2011 on the back of strong demand. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_06_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 1 July 2022, the central government borrowed INR 320bn with the devolvement of INR 9.7bn on the primary dealers and no additional borrowing through greenshoe. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%206%20July%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" Bundesbank President Joachim Nagel said the ECB should be cautious about deploying tools to contain the borrowing costs of weaker nations.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_05_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Monsoon gathers pace; sowing still lower","description":" Cumulative rainfall upto July 4, 2022 is 3% below Long Period Average (LPA) compared with 7% below normal last week. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_05-July-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" The J.P.Morgan Global Manufacturing PMI fell to a 22-month low of 52.2 in June, from 52.3 in May, but remained above the neutral mark of 50.0. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_04_July_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Global yields fall sharply as investors re-assess monetary cycle","description":" Over a very short period of time, investor focus has shifted from persistent inflation pressures to a possible global recession in 2023. The sharp fall in base-metal prices is working as a disinflationary force that is pushing DM bond yields lower in the process. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%204%20July%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 Jul 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/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":"June US labour report: Another solid print allowing FOMC to tighten further ","description":" US payrolls surprised to the upside for the second month in a row reducing concerns about the US economy embarking on a recession. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/NFP-June-2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Monthly Chartbook June_2022","description":" ChartBook \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/chartbook/Monthly%20Chartbook%20June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Chart Book"]},{"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. The mandate is expected to be announced as the three-day summit ends Tuesday. It comes as part of broader discussions on how to limit the profit Russia makes on its energy exports.  \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. Patra also said that the ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain. The depreciation in the rupee is among the slowest in the world and the RBI will defend it against volatility in the currency markets, he added. \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":"Monsoon progress slows down, sowing still lagging ","description":" Cumulative rainfall upto 26 June 2022 is 7% below Long Period Average (LPA) compared with 5% below normal last week \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_27-June-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"The Weekly Update: Global recession concerns are starting to emerge! 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Falling nominal yields has supported risk sentiment weighing on the USD at the margin in the process  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2027%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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’. At the same time, FOMC Governor Michelle Bowman said she supports raising interest rates by 75bps again in July and following that with a few more half-point hikes.  \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. At the same time, growth is holding up. Most members feel India should move towards positive real rate defined as policy rate less 1-year ahead inflation.  \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":"Weekly borrowing and liquidity monitor","description":" For the week ending 17 June 2022, the central government borrowed INR 320bn with no devolvement on the primary dealers and no additional borrowing through greenshoe \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2022%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"22 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"Monsoon picks up pace, sowing still lagging ","description":" Cumulative rainfall upto 20 June 2022 is now only 5% below Long Period Average (LPA) compared with as much as 37% below normal last week \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_weekly%20update_21-June-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"21 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports","icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Daily Reports","Weekly 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. In countering the arguments of falling behind the curve, he said, early rate hikes could have been counterproductive for growth. \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":"The Weekly Update: Adjusting to a structurally tighter global monetary regime!","description":" Global investors were caught off-guard by a simultaneous hawkish surprises from global central banks—FOMC, BoE and SNB—as focus remains on fighting off elevated inflation rates. As monetary tightening expectations get embedded in to the market, concerns about a possible global recession have increased considerably resulting in sustained risk aversion and a pick-up in volatility \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2020%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":" FOMC delivered a 75bps rate hike. The last time such a quantum was seen was in 1994. The pace of QT was kept unchanged. Dot plot showed that the median of members now see Fed funds rate at 3.4% by December 2022 from 1.9% earlier implying additional 175bps rate hike over the remainder of the year. For 2023, FOMC members see Fed rate at 3.8% from 2.8% earlier implying an additional 50bps rate hike. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_16_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"16 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 WPI inflation for May accelerates to 15.9% from 15.1% in April. Food inflation rose to 10.9% vs. 8.9% last month led by increase in vegetables (56.4% YoY) and cereals and edible oils moderated sequentially while fuel and power index increased by 40.6% (vs. 38.7% last month). \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_15_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"15 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 10 June 2022, the central government borrowed INR 330bn with no devolvement on the primary dealers and no additional borrowing through greenshoe \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2015%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"15 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":" Morning Market Starter","description":" India’s headline CPI moderates to 7.04% YoY in May compared with 7.79% YoY in April led by lower food (7.8% vs. 8.1% in April) and core inflation (6.1% vs. 7% in April).  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_14_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Monsoon and sowing lagging ","description":" Cumulative rainfall upto 13 June 2022 is 37% below Long Period Average (LPA) \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_14-June-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"14 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"/content/dam/icicibank/india/erg/daily-reports/MMS_13_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Trading the after-effects of the US CPI inflation release ","description":" The main development was the sharp upside surprise in US CPI inflation that has raised market expectations of a more aggressive rate hikes in the medium-term. Investors are also fretting that US inflation has not peaked as yet. The net result has been acute risk aversion, rise in yields and across the board USD strength \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2013%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":" Morning Market Starter","description":" ECB maintains status quo on expected lines. Provides forward guidance to hike rates by 25bps in July and further in September. It will end QE by 1 July 2022. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_10_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" The MPC hiked the policy repo rate by 50bps to 4.9% and kept CRR unchanged on expected\u0002lines. The MPC statement also saw the stance tweaked to “withdrawal of accommodation” instead of “remain accommodative” earlier. Inflation projection revised higher to 6.7% for FY23 from 5.7% in April with assumption of oil at USD 105/bbl and growth projection retained at 7.2%. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_09_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":"MSPs: Lower than anticipated hikes ","description":" The Union Cabinet increased the minimum support price (MSP) for kharif marketing season 2022-23 between 4.4% for bajra and 8.9% for soyabean \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/India%20Agriculture_09-June-22.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" The World Bank cut its forecast for global economic expansion in 2022 further, warning that several years of above-average inflation and below-average growth lie ahead with potentially destabilizing consequences for low- and middle- income economies. Global growth projections were reduced from 3.2% YoY to 2.9% YoY with downward revisions made across all geographies.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_08_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 3 June 2022, the weekly borrowing of the central government was INR 320bn with no devolvement on the primary dealers and no additional borrowing through greenshoe \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%208%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"08 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" Bank of Japan Governor Haruhiko Kuroda pointed to some positive changes that suggest progress is being made toward his stable inflation target while making clear that policy tightening still isn’t an option for now. His statements reinforced the message that monetary divergence between the BoJ and other G-7 central banks is likely to remain in place that pushed the USD/JPY pair to a twenty year high.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_07_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"07 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 services PMI expanded at the strongest rate in over 11-years to 58.9 in May vs. 57.9 in April on the back of growth seen in new business. Elevated prices continue to dent business optimism. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_06_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: Central banks to set the tone as inflation concerns remain!","description":" Global growth concerns have moderated as China is re-opening again, PMI surveys remain well above the break-even level and the US labour market report surprised to the upside. Instead, inflation remains the dominant concern that will keep the focus on central bank commentary  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2006%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"06 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":" OPEC+ agreed to raise production by a larger-than-expected 648k barrels a day for July and August. The decision came after the EU approved a partial ban on Russian oil imports and after months of pressure by US on Saudi Arabia.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_03_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"03 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter ","description":" US central bank officials backed a plan to raise policy rate by 50bps over June and July policies. Mary Daly of the San Francisco Fed and James Bullard of St. Louis both supported a plan to raise rates by 50bps this month, while Richmond’s Thomas Barkin said it made “perfect sense” to tighten policy. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_02_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":"  For the week ending 27 May 2022, the weekly borrowing of the central government was INR 330bn. INR 22.4bn was devolved on primary dealers in 2-year segment, while greenshoe option was not exercised \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%201%20June%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter ","description":" India’s GDP growth for FY22 came in at 8.7%, driven by investments and exports. Q4 GDP and GVA growth at 4.1% and 3.9%.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_01_June_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"01 Jun 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve Governor Christopher Waller said he wants to keep raising interest rates in half-percentage point steps until inflation is easing back toward the US central bank’s goal. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_31_May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Monthly Chartbook May_2022","description":" ChartBook \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/chartbook/Monthly%20Chartbook%20May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"31 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/chart-book"],"chartLink":null,"tagTitle":["Chart Book"]},{"title":"Morning Market Starter","description":" The size of RBI balance sheet has increased by 8.5% during FY22, as per the annual report. The year FY22 ended with an overall surplus of INR 303bn as against the surplus of INR 991bn in the last year.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_30_May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" RBI Governor Das, in an interview, hinted at further rate hikes by the central bank in an effort to contain inflation while keeping growth in mind.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_27_May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"27 May 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 3-4 May 2022 confirmed that 50bps rate hikes in the June and July policy meetings is on the cards and that the focus will be to take policy rates to the neutral level. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_26_May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"26 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 20 May 2022, the weekly borrowing of the central government was INR 320bn, with no devolvement to the primary dealers and no additional borrowing through the greenshoe option. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2025%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":"   \n   \n \n   \n\n \n   \n   \n   \n   \n \n   \n\n \n   \n   \n   \n \n   \n \n   \n\n \n   \n   \n   \n   \n \n   \n\n \n   \n   \n   \n \n   \n   \n \n   \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2025%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Bank Indonesia announced a quicker pace in RRR hikes, ordering banks to park 7.5% of their reserves starting July and 9% from September. It left the benchmark 7-day reverse repurchase rate at a record low of 3.5%.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_25_May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"25 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The government of India cut the excise duty on petrol and diesel by INR 8/litre and INR 6/litre resulting in INR 9.5/litre and INR 7/litre reduction in petrol and diesel prices at the retail level. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_23_May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"23 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"May US labour report: Another strong showing!","description":" The US labour market report remained strong as payrolls surprised to the upside and the supply of labour picked up that resulted in a rise in the participation rate  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/NFP-May-2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" India's economic growth is likely to be robust at 8.9% in the current financial year, reflecting the country's strong resilience and speedy recovery, India’s FM Nirmala Sitharaman said on Thursday.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_20%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"20 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" The European Commission on Wednesday unveiled a EUR 210bn plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_19%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"19 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 13 May 2022, the total weekly borrowing of the central government was INR 330bn, with no devolvement to the primary dealers and no additional borrowing through the greenshoe option \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2018%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" Federal Reserve Chair Jerome Powell said the US central bank will keep raising interest rates until there is “clear and convincing” evidence that inflation is in retreat. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_18%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"18 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" New York Federal Reserve President John Williams said on Monday that selling mortgage-backed securities could be an option for the US central bank to consider down the road in its goal to orient its balance sheet largely around holdings of Treasuries. He echoed that sentiment on Monday, saying bringing inflation down is the Fed's "number one issue" and the central bank will proceed "expeditiously" with its task.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_17%20May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"17 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"The Weekly Update: The great global growth scare","description":" Global growth concerns have intensified sharply on the back of tightening global financial conditions, weakening trend in global economic indicators, ongoing geo-political tensions and elevated US inflation prints. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2016%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"16 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"Morning Market Starter","description":" India’s CPI inflation increased 95-month high of 7.79% YoY in April 2022 vs. 6.95% in March. Sequentially CPI increased by 1.4%. Both food and core inflation went up. While food inflation accelerated to 8.4% YoY vs. 7.7% in March, core inflation was at 7% YoY from 6.3% in March.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_13%20May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"13 May 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 to 8.3% YoY in April from a 41-year high of 8.5% YoY in March. However, the print was higher than consensus estimate of 8.1%. Energy prices increased 30.3% YoY. On the other hand, food prices jumped 9.4% YoY, the most since April 1981 and prices also rose faster for shelter (5.1% vs 5% YoY) and new vehicles (13.2% vs 12.5% YoY). \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_12%20May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"12 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 06 May 2022, the total weekly borrowing of the central government was INR 320bn, with no devolvement to the primary dealers and no additional borrowing through the greenshoe option. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"l/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2011%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"11 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"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. \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":" The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its crude. The bloc will drop a proposed ban on EU-owned vessels transporting Russian oil to third countries.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_10%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"10 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. \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":"The Weekly Update: Rising US real yields to keep the USD well supported ","description":" The effect of Powell’s statement that a 75bps hike will not be considered on the market proved short-lived as anticipated. DM real yields are rising sharply in anticipation of synchronized monetary tightening led by the Fed. That is being compounded by the ongoing Russia-Ukraine conflict and concerns about Chinese growth prospects. Overall, risk aversion is likely to remain in place \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2009%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"09 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":" The FOMC raised the fed funds rate by 50bps and launched QT on expected lines. The initial pace of QT will be to the tune of USD 47.5bn over June-August that will be increased to USD 95bn from September onwards. In justifying its decision, the FOMC post policy statement indicated that the focus remains on fighting inflation by reiterating that the ‘committee is highly attentive to inflation risk’.  \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/daily-reports/MMS_05%20May_2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"05 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Weekly borrowing and liquidity monitor","description":" For the week ending 29 April 2022, the total weekly borrowing of the central government was INR 330bn, with no devolvement to the primary dealers and no additional borrowing through the greenshoe option. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/Borrowing%20Liquidity%2004%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"04 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly 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":"04 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/daily-reports"],"chartLink":null,"tagTitle":["Daily Reports"]},{"title":"Morning Market Starter","description":" Price stability is a necessary precondition for achieving strong and sustainable growth in the post-pandemic era, the RBI said in its report on currency and finance for 2021-22. Characterising high levels of government debt as yet another risk to growth, the central bank recommended that the government reduce its general government debt. \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":"The Weekly Update: Waiting for Powell’s guidance ","description":" Global risk aversion has remained in place as investors respond to: (a) continued expectations of front-loading of US monetary tightening, (b) ongoing growth concerns in China as PMI surveys fell sharply and (c) Russia-Ukraine conflict along with the ongoing tussle with the Euro-zone \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/The%20Weekly%20Update%2002%20May%202022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"02 May 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]},{"title":"April US labour report: US labour markets remain tight","description":" The US labour market remains in tight as payrolls came in above expectations and the unemployment rate printed flat remaining at a multi-decade low. \n","type":"article","sharewa":"","sharetw":"","shareli":"","sharefb":"","emailLink":"","pdfLink":"/content/dam/icicibank/india/erg/weekly-reports/NFP-April-2022.pdf","durl":"/content/experience-fragments","murl":"","datetime":"30 Apr 22 09:00 AM","youtubeUrl":"","categoryTag":["icicibank:erg/research-reports/weekly-reports"],"chartLink":null,"tagTitle":["Weekly Reports"]}]

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