Chinese stocks are set to hit their highest level in three years as investors hope for new steps to fight deflation and boost the economy. Meanwhile, copper prices dropped in London after President Donald Trump issued a new tariff warning. Asian Market Wrap The Shanghai Stock Exchange Composite Index rose 0.4%, reaching its highest level…
Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce…
Markets Hate him or love him, but US president Trump often gets things done. He wanted the OBBBA on his desk to be signed into law by July 4th, and he’s going to get it. The US House of Representatives greenlighted the Senate-amended version in a 218-214 vote after some arm-twisting (and probably backdoor sweeteners)…
Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. The BSE Sensex climbed 303 points to reclaim the 84,000 level and settle at 84,058. During the day, it jumped 333 points to 84,089. Here’s how…
Markets were adrift last week as traders grappled with intensifying global risks. The unresolved twin threats of a full-blown trade war and escalating Middle East conflict kept investors on the defensive. Despite some tentative diplomatic efforts, neither front showed meaningful progress, leaving equities vulnerable after months of sustained gains. With investor confidence fraying, global indexes…
Markets US headline retail sales dropped for a second consecutive month. May sales fell by 0.9% M/M while consensus expected a more modest contraction of 0.6%. Seven out of thirteen sales categories posted declines. For the likes of building materials (-2.7% M/M), gasoline (-2% M/M) and motor vehicles (-3.5% M/M), it’s…
Indian benchmark indices declined on Friday and posted weekly losses as Israel’s military strikes on Iran escalated tensions in the Middle East and dampened global risk sentiment. The Nifty 50 was down 0.68% at 24,718.6 and the BSE Sensex fell 0.70% to 81,118.6. Here’s how analysts read the market pulse: Indian equity benchmarks experienced downward…
Global Financial markets have endured months of turmoil, with overlapping concerns over the US debt downgrade, recession fears, and an intensifying global trade war. The sharp escalation in Middle East conflict last week has only deepened the anxiety, as Israel and Iran exchanged strikes, raising the specter of prolonged regional instability. With the 90-day reciprocal…
Markets Trade talks between the US and China entered their second day in London. The presence of US Treasury Secretary Bessent, commerce secretary Lutnick, trade representative Greer and Chinese Vice Premier He Lifeng and commerce minister Wang Wentao underscores the importance of that gathering one week after US President Trump and Chinese President Xi Jinping…
Today saw the release of new data on the UK labour market. According to official statistics, the number of payrolled employees in the UK fell by 55,000 (0.2%) between March and April 2025. Over the broader period from February to April 2025, the number declined by 78,000 (0.3%). In response to the drop in employment,…