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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast By Ravindra Rao | 21st Aug 2023
Description: Highlights of this week's Commodity Podcast: 1. Market sentiment has taken a cautious turn, driven by a more guarded Federal Reserve and notable economic slowdown in China 2. The minutes from the Fed's July meeting revealed concerns about inflation and the potential need for further policy tightening 3. Additionally, Fitch Ratings has issued warnings of possible downgrades for major US banks and is revaluating China's sovereign credit rating, which has remained at A+ since 2007 4. These factors have contributed to the continuous ascent of US Treasury yields and the dollar index, both of which have seen five consecutive weeks of gains 5. The robust US...