Tricky months ahead as US diverges from world markets

This divergence, in part, is an obvious consequence of the improved earnings and robust economic data in the US

Sat, Sep 15, 2018 - 5:50 AM

Praveen Jagwani

Year-to-date, in 2018, US companies have deployed 35% of their earnings into buying back their own shares.

PHOTO: REUTERS

Elsewhere, the Indian rupee has depreciated by almost 11% this year.

PHOTO: REUTERS

GLOBAL equity markets have been giving divergent signals this year, possibly due to the trade wars and the resultant prospect of declining global growth. The narrative of a synchronised global recovery has clearly turned anaemic. While the US equity markets are touching new highs, Europe, China...