Research suggests that India's economy will outgrow Britain's and France's in 2019 or 2020. Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos
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00:00The latest tip for those of you who own stocks comes from none other than the President of
00:06the United States himself.
00:08Donald Trump said that U.S. companies are doing really well and that it's, quote, a
00:12tremendous time to buy and a great opportunity to buy.
00:15And he's not completely wrong, for once.
00:18Analysts said that valuations are at their lowest for U.S. stocks since 2013.
00:24The U.S.'s main indices have shed quite a bit this year.
00:27The Dow Jones, for example, is about 250 points away from bear territory, while the S&P 500
00:32is nearly seven points away from bear territory.
00:35And in local news, talks of more consolidation in the U.S. are picking up steam.
00:39Analysts say that companies are encouraged by the success of earlier mergers, such as
00:43that between the National Bank of Abu Dhabi and First Gulf Bank and earlier National Bank
00:47of Dubai and Emirates Bank.
00:49Analysts say that that very success is likely to result in more mergers next year, with
00:53the upcoming one likely to be between Abu Dhabi Commercial Bank, Union National Bank
00:57and Al-Hilal Bank.
00:58And finally, reports from the Center for Economics and Business Research suggest that India's
01:03economy is likely to take the economies of Britain and France in either 2019 or 2020.
01:09This is a revision, however, from earlier forecasts by that center that said that India's
01:13economy will overtake those two in 2018.
01:16China's economy is likely to take the U.S.'s economy as the top economy in the world in
01:212032.
01:22For more news, please check us out at gulfnews.com forward slash business.
01:25This has been the Daily Business Trap.
01:27I've been Saradeya.
01:28Thanks for watching.