A vehicle drives past residential buildings in Mumbai, India. Reuters
Revival in auto sales seems to be in the waiting for now, as domestic sales declined for the eighth consecutive month in June. The decline in demand is attributed to the rise in cost due to newly-implemented safety norms, along with a liquidity crunch.
India’s commercial real estate supply will continue gain momentum in 2019 on the back of vastly increased interest from private equity (PE) players who are actively pumping in funds into this segment.
India’ half yearly realty report findings establish that office space market experienced decadal high (half yearly) volume in supply and transactions in H1, 2019.
London's benchmark FTSE 100 index was up 1.0 per cent, in the eurozone, Frankfurt won 0.9 per cent and Paris climbed 0.8 per cent.
Spot gold was up 0.8% at $2,033.86 per ounce by 0655 GMT, after hitting a record high of $2,036.49. US gold futures rose 1.4% to $2,049.30.
The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.
Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Wednesday to its highest close since March 6. West Texas Intermediate oil was up by 26 cents, or 0.6%, at $41.96 a barrel. The contract ended Tuesday trading 1.7% higher, its highest close since late July.