Market Talk – March 5, 2020

by Martin Armstrong
Armstrong Economics


India’s Supreme Court has overturned India’s central bank’s decision that restricted banking access for virtual currency trading. Following this decision, cryptocurrency companies are expected to revive plans to invest and expand their business in India.

India’s service sector activity gathered momentum in February driven by a quicker expansion in new work orders that supported a faster increase in output and job creation, a monthly survey showed Tuesday. The seasonally adjusted Nikkei India Services Business Activity Index rose from 52.2 in January to 52.5 in February, indicating an upturn in output.

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