Mid Session
Prev Next
As on May 21, 2019 12:00 AM Your results on : Mid Session    
Market Speaks: Slowdown In China And Global Trade Worries Primarily Leading To Moderation In World Economic Growth
21-May-2019 (13:47)

Philip Lowe, the Governor of the Reserve Bank Of Australia (RBA), noted today in a speech that up until around the middle of last year, the global economy was growing quite briskly before it slowed in second half of the year and saw continued moderation into 2019. There are a few factors that help explain this slowing in the global economy, according to him. The first is a slowdown in the Chinese economy. The Chinese authorities have for some time been seeking to address the build-up of risks in the financial system. As part of their efforts on this front they have sought to rein in shadow banking. The effect of this has been felt across their economy and, given the size of the Chinese economy; the impact has also been felt around the world.

A second factor is a marked slowdown in international trade. Over the past year, global trade has not grown at all. This is unusual as, historically, global trade has tended to increase at least as fast as GDP. This recent weakness partly reflects the slowing in the Chinese economy, but the increases in US and Chinese tariffs are also a factor. Not surprisingly, it has flowed through into weaker conditions in the manufacturing sector around the world and there has been a disruption to some supply chains. Business investment, too, has been affected, with firms delaying investment decisions.

A third factor contributing to the slowdown in global growth has been a series of country-specific factors, including natural disasters in Japan, a new vehicle emissions testing regime in Germany and some extreme weather events. Looking forward, the global picture looks a little brighter and it is reasonable to expect that growth will strengthen a little later in the year, he opines. The Chinese authorities have responded to the slowing in their economy with measures to support economic activity. Globally, financial conditions are very accommodative and major central banks have signalled an easier monetary policy stance than was earlier expected.

However, trade policy remains the big uncertainty. A resolution of the current disputes would help boost trade flows and reduce some of the uncertainties facing businesses. In that case, we could expect a pick-up in investment too. On the other hand, a failure to resolve the disputes represents a major downside risk to the global economy. So there is a lot riding on this issue. One other feature of the global economy that I would like to draw your attention to is the coexistence of low unemployment and low inflation. Unemployment rates in many of the major economies are the lowest they have been in many decades. At the same time, inflation remains low. While wages growth has picked up, inflation rates are mostly below 2% and below the central banks' targets.

Powered by Commodity Insights

Chana Extends Losses From Contract High
21-May-2019 (13:39)
Indian Rupee: Range Bound Ahead Of Final Election Outcome
21-May-2019 (11:05)
Strategie Grain Forecast Lower EU Grain Production In 2019
20-May-2019 (16:53)
Ukraine Wheat Exports Down 7%
20-May-2019 (16:51)
Commodities Buzz: Silver Speculators Add To Bearish Positions
20-May-2019 (15:50)
Commodities Buzz: Copper Speculators Most Bearish In Nearly Four Months
20-May-2019 (15:36)
Economic Buzz: Japan's GDP Rises 2.1% In First Quarter
20-May-2019 (14:42)
Commodities Buzz: Crude Oil Long Speculative Longs Drop For Third Straight Week
20-May-2019 (14:39)
Commodities Buzz: Sharp Increase In Gold Speculative Longs
20-May-2019 (14:21)
Economic Buzz: Japanese Industrial Output Slips 4.3% In March
20-May-2019 (14:17)
Indian Rupee: Marks Sharp Gains Following Exit Poll Outcome
20-May-2019 (14:13)
Global Grains Export Quotes
20-May-2019 (13:54)
LME Inventories Data
20-May-2019 (13:40)
Connect with us :   
About us
Our Services
Core Values
Investor Relations
Product & Services
Institutional Broking
Clearing Services
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Back Office
Back Office
KYC/KDC Status
Mutual Fund
RMS Policy
Download Forms
Useful Links
Exchange Holidays
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to / (For Trading) (For DP) (For PMS) (For Commodities)
Equity SEBI Registration No INZ000177137. Exchange Registration Nos NSE : TM No. - 06637, Clearing No.- M50302 | BSE : Clearing No.- 3179 | MSEI : TM Code-1004, Clearing Member Code- 4 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No. INH100001187 | SEBI PMS Registration No. INP00000236
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by C-MOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions