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WisdomTree India Earnings ETF

5/22/2013, 12:21 AM ET

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Tuesday, December 13, 2011, 11:04 AM Mike Riddell returns from a trip to Asia with video diary actually feeling a bit better about Chinese property where he says there is no evidence of a bubble in the tier 2 and tier 3 cities. One story we may start hearing more about is Asian reliance on trade finance provided by European banks who are certain to be pulling back from the business as they deleverage. Comment! [Global & FX]
Monday, December 12, 2011, 7:48 AM The rupee clocks another all-time low vs. the greenback after Indian industrial production dives by 5.1% Y/Y in October, and 1.9% from the previous month. "Awful, just awful," says an economist, "(It) tells you that the slowdown has caught on much more than what one might have thought." 4 Comments [Global & FX]
Wednesday, November 30, 2011, 12:25 PM Unable to unload $7.7B in equity in state-owned companies and desperate for cash to pare the budget deficit, India is considering making the companies buy back government shares. India has been hit by the dreaded hot money outflows this year to the tune of $312M vs. inflows in 2010 of $29B. INDY +3.8%. Comment! [Global & FX]
Wednesday, November 30, 2011, 7:08 AM Given the horrid investment performance of the BRICs, SocGen's professional bear Albert Edwards suggests the acronym ought to stand for Bloody Ridiculous Investment Concept. YTD: Brazil EWZ -28%, Russia -23%, India INDY -32%, China FXI -20%. Could China's move to easing turn things around? Comment! [Global & FX, Quick Ideas]
Wednesday, November 30, 2011, 4:06 AM India's economy grew 6.9% last quarter, the slowest pace in more than two years. Efforts to stimulate growth have been hamstrung by corruption scandals and by high inflation, which has sidetracked the Reserve Bank of India. Comment! [Global & FX]
Tuesday, November 22, 2011, 10:20 AM The rupee drops to an all-time low vs. the greenback of 52.73 as banks seek dollars to ride out market turmoil and oil refiners need hard currency to pay for crude imports. The RBI has yet to intervene, but stands ready in the case of "undue volatility." Rupee ETF: ICN -11% YTD. Comment! [Global & FX]
Monday, November 7, 2011, 7:28 AM India's finmin, Pranab Mukherjee, says food inflation is a large problem again after high demand for meat, eggs, milk, and vegetables causes prices to spike. The government's latest reading on India's food inflation showed an alarming 12.2% gain in prices. 2 Comments [Global & FX]
Tuesday, October 25, 2011, 6:48 AM The RBI hikes its benchmark rate 25 basis points to 8.5%, but hints it may pause from its long series of tightening at December's meeting. India has now seen 13 rate hikes since March 2010, but the bank suggests inflation - currently running at 9.7% - could be set to turn lower. Comment! [Global & FX]
Friday, October 14, 2011, 7:47 AM Indian inflation continues to percolate, coming in at 9.72% in September, just a few bps down from August's 9.78%. Making it harder to control CPI is a weakening rupee, which has fallen almost 9% vs. the greenback this year, worst among the large emerging economies. Comment! [Global & FX]
Friday, September 16, 2011, 7:35 AM The Reserve Bank of India raises its benchmark rate 25 basis points to 8.25%, the 12th hike in a cycle that began in March 2010. The move contrasts with recent surprise cuts by Brazil, Turkey, and Russia. "A premature change in the policy stance could harden inflationary expectations, thereby diluting the impact of past policy actions," says the RBI. Comment! [Global & FX]
Monday, September 12, 2011, 4:06 AM A sea of red in overseas trading: Hong Kong (-4.2%) leads Asia losers; Tokyo fell 2.3%, and India is -2.7%. In Europe after one hour, Paris is -4.7%, Frankfurt is -2.9%, and London is -2.1%. Comment! [Global & FX, On the Move]
Saturday, August 20, 2011, 4:20 PM Down 20% over the past quarter, emerging markets (ETF: EEM) - including China (FXI), India (EPI), Brazil (EWZ), Taiwan (EWT), and South Korea (EWY) - are a bargain, Barron's says. 3 Comments [Quick Ideas, Global & FX]
Monday, August 1, 2011, 10:49 AM India cuts its official growth estimate for 2011 to 8.2%, still higher than private economists are predicting. More data to chew on: the July PMI prints at 53.6 from 55.3 previously, the 3rd consecutive decline. With inflation continuing above 9%, its unlikely monetary policy will soon stray from its tightening path. Comment! [Global & FX]
Tuesday, July 26, 2011, 7:11 AM The RBI raises its benchmark rate 50 basis points to 8%, the 11th hike this cycle, and greater than the forecast 25 point jump. The bank also lifts its forecast inflation rate for March 2012 100 bps to 7%. Indian shares defy a world-wide stock rally, -1.9%. Comment! [Global & FX]
Thursday, July 14, 2011, 9:06 AM Indian inflation in June comes in slower than expected at 9.4%, but is accompanied by a large revision - from 8.7% to 9.7% - in the April figure. This likely means another rate hike later this month. Indian shares take the news in stride, but have already fallen 10% this year on inflation fears. Comment! [Global & FX]
Wednesday, July 13, 2011, 9:41 AM A top government official in India says the central bank will probably need to continue with interest rates hikes to combat inflation, helping push government bond yields higher. Bankers expect a double-digit inflation report tomorrow due to a ripple effect from higher fuel prices. Comment! [Global & FX]