Economist Jim Walker dismisses the likelihood of a 2008-like financial crisis, attributing current market resilience to fewer systemic excesses. While predicting an economic slowdown, he remains optimistic about India’s growth, advocating increased investment due to improved policy stability and business-friendly reforms.

Oil prices dropped for a third consecutive session as major producers plan to raise output in April, amidst concerns that U.S. tariffs on Canada, Mexico, and China will hamper economic growth and fuel demand. Brent futures fell to $70.89 a barrel and U.S. West Texas Intermediate dipped to $67.86.

U.S. stocks faced significant pressure following the latest escalation in the trade war, with new tariffs on imports from Canada and Mexico impacting sectors like automobiles, aerospace, retail, and housing. Automakers, homebuilders, and airline stocks notably declined, while retaliatory tariffs by Canada and China add further strain on U.S. businesses.

The U.S. dollar approached a three-month low as new tariffs from the U.S., Canada, and China heightened trade war fears. Chinese yuan surged with a stable 5% growth target. The euro hit near four-month highs due to a proposed German infrastructure fund. Crude oil fell, and bitcoin stabilized at $87,000.

Swaminathan Aiyar believes India s economy will not be directly affected by U.S. tariffs targeting countries like China and Russia. However, global trade uncertainties could still impact India due to slower world GDP growth and reduced trade volumes.

​If we take risk premium and ten year at 11.7, implied growth is 10% for earnings growth and yet it comes at 3.35 times price-to-book. On 26, we are at 2.9 times price-to-book. So, historical five-year average also you take, we are at the lower end on price earning.

Market analysts have differing views on India s real estate sector. While Christopher Wood remains positive about its growth, Neeraj Dewan observes signs of consolidation and a slowdown in investments. Dewan notes that despite some negotiated discounts, builders are maintaining prices, suggesting resilience. Investors are advised to wait for further consolidation before expecting a strong revival.

Goldman Sachs CEO David Solomon, in an exclusive interview, highlighted India s significance as a growing economy and a talent hub with a $8.5 billion investment. He emphasized the need for better clarity on investment policies and regulatory improvements to attract foreign investments. Solomon acknowledged the global economy s interconnected nature amid rising trade tariff tensions.

ChrysCapital is in discussions to acquire Theobroma Foods at a reduced valuation of Rs 1,800 crore, down from Rs 3,000 crore. Talks had stalled due to Theobroma s poor financial results but have recently resumed. ChrysCapital plans to create a quick-service restaurant platform by acquiring brands like Theobroma. Market conditions and declining consumer spending have impacted the valuation.

Indian banks are collaborating with the international messaging system SWIFT to migrate to the ISO 20022 instant settlement system by November 25. Only four Indian banks have made partial transitions, prompting discussions for smoother transitions and potential deadline extensions. SWIFT encourages expedited adoption, with possible penalties for non-compliance after the global deadline.