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.
The benchmark Nikkei 225 index gave up 0.39 percent or 88.21 points to 22,329.94, but made a weekly gain of 2.86 percent, driven up by robust US shares.The broader Topix index lost 0.20 percent or 3.14 points to 1,546.74, but advanced 3.39 percent over the week.
The blue-chip FTSE 100 was down 0.1%, The mid-cap FTSE 250 dipped 0.3%, with losses in industrial, energy and tech-related stocks.
US West Texas Intermediate (WTI) crude futures slipped 17 cents, or 0.41%, to $41.78 a barrel by 0651 GMT, while Brent crude fell 17 cents, or 0.38%, to $44.92. Both contracts had traded higher earlier in the day.
Global equity markets slipped and bond yields fell on Thursday as investors awaited an agreement on a US aid package to mitigate the fallout from the coronavirus crisis, with poor corporate earnings reports also weighing on European shares.