India's Adani Group May Have Passed A Key Test, Positive EU CPI Report
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Recently, there has been a lot of talk about the impact of the Hindenburg Research report on India's Adani group. It seems that the company will cope with the current problems. Another positive is the report on inflation in the euro zone, CPI fell again.
In this article:
- Headline-topping news
- India's Adani group may have passed a key test
- The 9th International Conference on Financial Markets
EU CPI drop
The European Union, 20-country region underwent a major price surge in 2022 after the Russian invasion of Ukraine pushed energy and food costs up across the bloc. However, the latest data provide further evidence that inflation has started to ease.
Inflation in the euro zone fell for the third month in a row in January due to a significant drop in energy costs.
According to preliminary data published on Wednesday, headline inflation in the euro zone amounted to 8.5% in January. In December this indicator amounted to 9.2%.
Energy remained the biggest cost driver in January, but fell once again from previous levels.
Now investors of the EUR/USD pair will counter at the Fed meeting and will await tomorrow's decision of the ECB.
Euro zone inflation dips for a third straight month as energy prices continue to fall https://t.co/Fy81jgxCKf
— CNBC (@CNBC) February 1, 2023
India's Adani group may have passed a key test
The world's third richest man completed a $2.4 billion stock sale in a Hindenburg short sale attack.
India's Adani group may have passed a key test by raising $2.5 billion in the face of a short-selling attack, but its response to the allegations and results of regulatory probes will shape its outlook, analysts and investors say.
Most of the conglomerate's shares fell Wednesday, bringing losses to $84 billion after last week's Hindenburg Research report.
Moreover, looking at India, the country is set to be the world's fastest-growing major economy in the year to March 2024 as the post-pandemic retail boom and recent bank balance sheet repairs attract new investment, fueling demand for everything.
From @Breakingviews: Gautam Adani completed a $2.4 billion share sale amid Hindenburg’s short-seller attack. His group now faces refinancing challenges. Local lenders may step up, but funding will be pricier with more strings attached, says @ShritamaBose https://t.co/WMdi9lLFf9
— Reuters Business (@ReutersBiz) February 1, 2023
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The 9th International Conference on Financial Markets
In 2020, the world was stopped by the COVID-19 pandemic, which highlighted the importance of cooperation, flexibility and readiness for unforeseen challenges both in everyday life and in the economy. The year 2022 brought new trials. The war in Ukraine started by Russia has led to turbulence in various sectors, from energy to financial.
The 9th International Conference on Financial Markets "Strengthening Recovery, Developing Resilience", co-organized by the Ministry of Finance of the Republic of Lithuania and the Lithuanian Banking Association, brings together high-level decision makers and business practitioners for leadership and ideas exchange on topical topics related to financial markets and more.
The forum will discuss the needs of the EU and Baltic capital markets and the actions required. In addition, the further development of capital markets for the Baltic States and an overview of the implementation of digitization and innovation in the sector will be discussed.
The Director of the IMF European Department, Alfred Kammer, will participate in a panel discussion at the International Financial Markets conference, focused on capital markets in the Baltics, their challenges and the need for action.
— IMF (@IMFNews) February 1, 2023
Registration: https://t.co/KkDPKQTRM3 pic.twitter.com/F4w5t7Px01
