Tradersguruji

Why world's policy makers are not worrying about inflation yet: your job One reason why so many policy makers are refusing to panic about inflation is that the world economy is still short so many millions of jobs. The global employment shortfall from the pandemic is predicted by the International Labour Organization to be 75 million this year. Nor does it expect the gap to be closed in 2022, when it reckons the world will still be 23 million jobs short of its pre-Covid path even as economies rebound. The Organisation for Economic Cooperation and Development echoes the warning, saying unemployment will remain above pre-crisis levels in many countries next year. With so many workers still on the sidelines, it should be harder for those in employment to push for big pay increases--even though the cost of living is rising fast in much of the world as supply bottlenecks and surging demand accompany the great reopening from lockdown. No spiral That doesn’t mean nobody gets a raise....

  Market Ahead Podcast, June 11: Top factors that could guide markets today Wall Street stocks ended higher in overnight trade, with the S&P 500 closing above its prior record high set on May 7, as economic data appeared to support the Federal Reserve's assertion that the current wave of heightened inflation will be temporary. . The consumer price index (CPI) data came in above consensus but a closer look showed that much of the price surge was from items such as commodities and airfares, and is therefore likely to be temporary. The Dow Jones Industrial Average rose 0.06%, the S&P 500 gained 0.47% and the Nasdaq Composite added 0.78%. Tracking a firm finish for US stocks, Asian markets too opened higher. Japan's Nikkei was up 0.16%, Australia’s S&P/ASX 200 index rose 0.2%, South Korea’s Kospi index added 0.5% and Hong Kong’s Hang Seng index climbed 0.6%. Boosted by a firm global setup, Indian markets eye a strong start to the day today. Furthermore, ...