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[ad_1] BOJ's Kuroda vows to 'persistently' continue aggressive monetary easing [ad_2] Source link

[ad_1] A countrywide study funded by the Indian Council of Medical Research (ICMR) and coordinated by the Madras Diabetes Research Foundation, has found that only a third of individuals with known diabetes in India have good control of diabetes. The study also revealed that fewer than half have good control of blood pressure and LDL (bad) cholesterol, and only 7.7 percent meet all three targets. The study with a massive sample size of 113,043 people across 30 States and Union Territories of the country, is the first extensive epidemiological study consisting of participants from all across the country. The findings of the decade-long study have been published in The Lancet Diabetes and Endocrinology.  While addressing a press conference on the study on Friday, Dr.R.M.Anjana, the Managing Director, Dr.Mohan’s Diabetes Specialities Centre and Vice President, Madras Diabetes Research Foundation and the first author of the study said: “The findings of this study are very significant as they provide new data on the achievement of diabetes treatment goals, such as HbA1c, blood pressure, and LDL cholesterol in a population-based nationally representative study in India. We found that a third of individuals with self-reported diabetes have good glycemic control and fewer than half have good blood pressure control and LDL cholesterol, with considerable heterogeneity between regions and states. There is, therefore, an urgent need to improve awareness regarding a healthy diet and importance of physical activity among the Indian population by governmental and non-governmental agencies.” Meanwhile, Dr.V.Mohan, Chairman, Dr.Mohan’s Diabetes Specialities Centre and President, Madras Diabetes Research Foundation, and senior author of the study said that the results suggest that glycemic, blood pressure and lipid control remain suboptimal in the Indian population with diabetes. “As health is primarily the responsibility of each state in India, the information that our study has provided on interregional and interstate variations in the attainment of treatment targets would assist Governments in formulating targeted policies for improving diabetes care delivery and surveillance in India,” he said. The findings of the study reveal that the achievement of treatment goals and adoption of healthy behaviors remains poor in India. According to the researcher, there is a need for better control of glycemia, blood pressure, and lipid parameters, to reduce the risk of diabetes-related complications in Indians. On how the ongoing pandemic affected the study, Dr. Mohan told Financial Express.com: “The study took about 10 to 11 years because we included every nook and corner of the country. A major part of the study was done before the study however, there were a few months because of the COVID-19 peaks in which we stopped. But we picked it up again. The pandemic did not affect the findings of the study much. This is one of the most quality-conscious studies. This study can be an ideal of other studies.” According to the researchers, these results can help both Central and State governments in formulating policies to improve diabetes care at the primary, secondary and tertiary levels in the country. [ad_2] Source link

[ad_1] Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines from the week and offers context for Canadian investors. Inflation headlines are the clickbait of the financial universe Given the prevalence of “X is up Y%” announcements, I’m reminded of an anecdote that David Chilton (noted author of The Wealthy Barber and Dragon’s Den TV star) passed along one time. He said: “Ignore the fancy metrics. The most reliable indicator I’ve seen for when the stock market is about to go down is when teachers start talking about it.”  The idea was that teachers, as a group, are amongst the most conservative middle-class people in Canada. If they’re talking about stocks, we’re probably at a market peak. In a similar vein, I’ve decided to start tracking the Canadian dinner party indicator. The more a financial topic is discussed at a dinner party, the more likely it is to have reached a top.  How many Canadian dinner party conversations these days start with some version of: “Prices just keep going up. When will it end?” The answer might be: Sooner than we think. One of the main drivers of recent inflation has been the COVID-19-choked points in the supply chain. The chart below is a pretty solid indicator that most stores are back in stock despite the recent outbreak of war and Chinese pandemic lockdowns. If businesses are paid to find logistical solutions, they usually do—eventually. Source: Freightwaves The Wall Street Journal confirmed that trucking demand and shipping rates are also down from all-time highs. It appears that some version of the “inflation is transitory” narrative might be finally starting to come true as people shift back to consuming services and travel, as opposed to purely consumer goods. Even used cars—one of the prime contributors to the rising Consumer Price Index (CPI)—have begun to deflate from their headline-worthy escalation over the last couple of years. Source: Freightwaves The truth is everyone is guessing about where inflation will go—and how interest rates might follow—but no one knows for sure. We’re coming out of an unprecedented situation that was responded to with unprecedented government fiscal and monetary policy.  That’s before we try to factor in apartment doors being welded shut in Shanghai and a war between two of the world’s largest commodity exporters. The lesson (as it often is when trying to make sense of the markets) is not to make drastic decisions within your portfolio based on headlines. Has Russia been forced to withdraw from my ETF? One of the big benefits of all-in-one exchange traded funds (ETFs)—or thematic ETFs such as those covering emerging markets—is how easy it is to get instant exposure to thousands of companies from around the world. However, given the moral issues that many investors have with financially supporting Russian companies that are being used to indirectly fund the war in Ukraine, ETF buyers may want to know if their portfolios are still allocating money to Russian companies. Long story short: It’s very unlikely. The investments in broad index ETFs are not normally chosen by the company that sells them and puts their name on them. Instead, companies like Vanguard or BlackRock use indexes that are calculated by third parties, such as MSCI, S&P Dow Jones Indices and FTSE Russell. Those three major index providers have all dropped the shares of Russian companies from their portfolios. This wasn’t a small matter, as it meant Russian companies disappeared from more than 9,600 MSCI indexes and 250 S&P indexes among others. If you’re an index investor, like myself, you may rest easier knowing that if you go to the Vanguard site right now you’ll see this: It’s interesting to note that even before the war, several ETF providers already started to tilt away from Russian equities due to the increased risk profile. For example, Vanguard was quick to point out that their popular Vanguard FTSE Emerging Markets ETF (VWO) had only a 2.75% weighting in Russian equities before the war broke out, relative to the 3.72% average weighting based on all emerging market funds. Here’s a peek at which emerging market and all-in-one ETFs had exposure to Russian equities before the war: Source: Morningstar SPAC-tacular failure to achieve liftoff  Special purpose acquisition companies (SPACs) have entered the mainstream financial lexicon over the last few years. Essentially, these are big pools of money generated from investors in the hopes that they can find something useful to buy in the next two years. Because of their highly flexible nature, SPACs are often referred to as “blank-cheque companies.”  Or in more technical terms, as per Investopedia.com: “A special purpose acquisition company (SPAC) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) or the purpose of acquiring or merging with an existing company.” Source: Visual Capitalist Like other financial trends, SPACs appeared to have hit peak popularity right about the time they outlived most of their usefulness. It looks like there are now way too many big pools of money chasing way too few attractive acquisition targets. For example, shares of the SPAC created to fund Donald Trump’s social media company are down 75% from their recent highs. The SPAC is called Digital World Acquisition and was created with the purpose to merge with Trump’s Truth Social.  Several hedge funds have stated that they expect shares to fall further, and are now shorting the stock. The IPOX Spac Index tracks the USA’s public SPAC market. Since formation in July 2020, it lost 9.5%, during a time when a basic S&P 500 index fund would have generated a total return of nearly 34%. The last nine months have been particularly rough, as the index lost more than 22% of its value. That downward trend might look even worse a year from now. Currently, there are more than 600 SPACs circling around looking for something cool to buy, with a fairly strict time limit on how long they get

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[ad_1] China slowdown concerns dim Ray-ban maker EssilorLuxottica's first quarter [ad_2] Source link

[ad_1] Bears returned to Dalal Street on Friday amid weak global cues, forcing headline indices to close with losses. Sensex nosedived 714 or 1.23% to close at 57,197 while the NSE Nifty 50 index tanked 1.27% to settle at 17,171. Mahindra & Mahindra was the top gainer on Sensex, up 0.84%, followed by Bharti Airtel, ITC, and HCL Technologies. State Bank of India was the worst-performing stock, falling 3.2%, accompanied by HUL, and IndusInd Bank. Bank Nifty was down 2% at the end of the day’s trade while India VIX rose 2.8% to close above 18 levels. Deepak Jasani, Head of Retail Research, HDFC Securities – “Equity markets in India remained torn between hopes for an early end to the geopolitical uncertainty and fears of faster monetary tightening. On daily charts, Nifty fell and filled the upgap made on the previous day, thus negating the bullishness. On weekly charts, Nifty fell for the second week in a row falling 1.74%. Nifty has formed a doji on weekly charts after a fall suggesting a possible halt to the down move, unless the lows of 16824 are breached. We could see sideways consolidation in the coming week between 16958 to 17392.” Sumeet Bagadia, Executive Director, Choice Broking – “Technically, after forming the evening star on the weekly chart, index has formed a Doji candlestick which shows indecisiveness among the trades. On the daily chart, it has failed to close above 17200 level, indicating traders will opt to sell on rise. Immediate support of 17000 has already been violated already, so next strong support would be on 16800 followed by 16600. Short term investors may opt for stock-specific action with positive bias. Overall, the Nifty index is having  support at 16800 marks while resistance at 17550 followed by 17650, while Banknifty  support is placed at 35500 followed by 35200 and resistance at 37200.” Mohit Nigam, Head – PMS, Hem Securities – “In the 50-share pack, Adani Ports was the biggest gainer, up 2.78% per cent. Hindalco was the top loser in the pack, down by 4.83 per cent. HUL, Cipla and SBI were other top loosers in the Nifty 50 pack. Crucial support for Nifty 50 is 17,000 while Nifty may face some resistance at 17,500.” Kunal Shah – Senior Technical & Derivative Analyst at LKP Securities – “The Nifty index witnessed fresh selling pressure at higher levels and closed near the day’s low. The bearishness will continue to remain as long as the index stays below the level of 17400. The downside levels of 17000-16800 will act as support and if breached will witness further downside. The Bank Nifty bears again attacked the index with full strength which led to a steep fall in the index. The near term support stands at 35800 and if it fails to hold will lead to a further slide down towards the level of 35000.  The upside momentum will begin only above the level of 37000.” Vinod Nair, Head of Research at Geojit Financial Services – “The recent trend of the market was due to the release of high inflation data, the uncertainty surrounding Russia -Ukraine peace talks , volatile crude prices and weak quarter results. Fed chair’s comment of aggressive rate hike of 50bps by May made investors extra cautious. Inflation is not expected to remain elevated in the long term, a change from hyperinflation to normal is likely in the short to medium term in anticipation of improvement in supply. However, the short-term apprehensions are FIIs selling and elevated level of the Indian broad market.” Ajit Mishra, VP – Research, Religare Broking – “Markets will react to the ICICI Bank numbers in early trade on Monday. Besides, global cues like updates on the Russia-Ukraine crisis, and China’s COVID situation will also remain on the participants’ radar. The slide in the Nifty index has faded hopes for a directional move and we may see further consolidation ahead. Amid all, participants should maintain focus more on stock selection and overnight risk management.” [ad_2] Source link

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[ad_1] American 'Ghost' drones for Ukraine designed for attack, Pentagon says [ad_2] Source link

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[ad_1] UK and Canada protest Russia's 'perverse' participation in IMF meeting [ad_2] Source link