India Hit by Record Low ‘Buys’ on Rate Outlook

Investment strategists are cutting recommendations on India at a record pace after the country’s stocks surpassed China as the most expensive major emerging market for the first time since 2006. The Bombay Stock Exchange Sensitive Index is valued at 20 times estimated profits, higher than China for the first time since November 2006 and the [...]

German Business Confidence May Rise to Highest Since July 2008

German business confidence probably increased to the highest since July 2008 in December, a sign the economic recovery is on track. The Ifo institute in Munich will say its business climate index, based on a survey of 7,000 executives, rose to 94.5 from 93.9 in November, according to the median of 33 forecasts in a [...]

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