EURO STRENGTH
Dollar slides on easing trade tensions, Fed expectations
The dollar weakened due to Trump's potential shift in tariff talks and expectations of Federal Reserve rate cuts. The euro reached a seven-week high. Sterling rose, while the Australian and New Zealand dollars saw slight increases. U.S. consumer prices rose less than expected in May. A fragile truce in the U.S.-China trade war was restored after talks in London.
Cochin Shipyard shares rally over 8% on NATO defence push, stock up 32% in 4 days
Cochin Shipyard surged 8.4% on Friday, extending its 32.4% rally in four sessions, driven by rising defence spending sentiment after NATO’s call for higher budgets. The stock has gained over 1,400% in three years. Despite strong momentum and robust Q4 earnings, analysts remain cautious, with a consensus ‘Hold’ rating and a 47% downside from current levels.
Trump says it might be better to let Ukraine and Russia 'fight for a while'
During a meeting with German Chancellor Friedrich Merz, President Trump suggested allowing Ukraine and Russia to "fight for a while" before intervening for peace. Merz emphasized Germany's support for Ukraine and its focus on military targets, while Trump hinted at potential sanctions for both nations. Discussions also covered trade, NATO spending, and concerns about democratic values in Germany.
US stock market futures rise ahead of key jobs data release — what investors need to know about Dow, S&P 500, Nasdaq, tariffs, and economic outlook
US stock market future updates show Dow futures rising 60 points ahead of key jobless claims data and the ECB rate decision. Despite weak private payrolls and services PMI reports, traders stay hopeful as S&P 500 and Nasdaq futures hover near flat. Gold nears record highs, and Brent crude holds above $65 amid Saudi calls for more OPEC+ output. The US Dollar index dips below 99, reflecting economic worries. Investors await Friday’s official jobs report and the ECB’s rate announcement, which will guide market direction in the coming days.
European shares edge higher ahead of ECB policy decision
European shares traded slightly higher on Thursday, supported by strength in automakers and industrial metal miners as investors awaited the European Central Bank's policy decision.
Make in India, circularity, and fitness fads – Decathlon wants a chunk of India’s sports retail pie
With 1,750 stores worldwide and 133 stores in India, the sports retailer is now looking to further its sustainability operations in the India market.
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Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets ended higher on Wednesday after a three-day decline, supported by global cues and investor optimism over a potential RBI rate cut. Mid- and small-cap stocks outperformed, driven by strong earnings and easing valuations ahead of the central bank's policy meet.
Market Wrap: D-Street ends flat as IT, metal losses offset GDP optimism; Sensex down 77 pts, Nifty below 24,800
Indian benchmark indices ended flat on Monday, as declines in information technology and metal stocks, driven by uncertainty over U.S. tariffs, offset optimism from stronger-than-expected domestic economic growth.
Dollar poised for fifth-straight monthly drop on trade, fiscal uncertainty
The U.S. dollar weakened, marking its fifth consecutive monthly drop. Trade and fiscal uncertainties loomed. Investors awaited a key inflation report. Trump's tariff policies added to market worries. Emerging market currencies gained. The Japanese yen rose after inflation data. Markets watched for trade deal updates. Bond yields remained high amid debt concerns. The Australian dollar saw a slight increase.
Asian shares start cautiously, dollar edges down
Asian shares opened cautiously amid anticipation of fresh trade news influencing US asset demand. The dollar weakened as trade tensions and US fiscal concerns persisted. Investors are closely monitoring President Trump's trade dealings with Japan and India, while China pushes for yuan usage in cross-border trade. Nvidia's results and the upcoming US inflation data will be key events this week.
Meet Stina Blackstenius, the super sub who shocked Barcelona and won Arsenal the Champions League with a 1-0 winner
Stina Blackstenius, the super sub, secured Arsenal's first European title since 2007 with a decisive goal against Barcelona in the 2025 UEFA Women's Champions League final. Her 75th-minute strike cemented a 1-0 victory. Blackstenius has a proven track record for scoring crucial goals, including the League Cup final winner against Chelsea.
Sensex settles 769 pts higher on FMCG boost, positive Asian cues; Nifty tops 24,850
Indian equity markets closed higher on Friday, buoyed by positive Asian market trends and strong performance in FMCG stocks, easing investor concerns due to a decline in U.S. Treasury yields. The Nifty 50 and BSE Sensex both gained nearly 1%, with the Sensex surging 769 points.
‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra
RBI Governor Sanjay Malhotra emphasizes India's economic resilience and commitment to managing rupee volatility without targeting specific rates. He highlights the importance of real interest rates for depositors and the central bank's focus on customer protection and cybersecurity. The governor also addresses concerns about UPI concentration and governance lapses in banks.
Treasury yields ease with US stocks flat to up; investors assess US tax bill
US bond yields saw a 19-month peak before settling. Wall Street experienced mixed stock results. The US dollar gained strength after previous losses. Concerns about the US fiscal situation and government debt demand lingered. The House passed Trump's tax bill, adding to debt worries. Solar energy shares declined due to expected subsidy cuts.
Bajaj Auto shares up 1% as Rs 5,427 crore loan aids KTM bailout ahead of key deadline
Bajaj Auto shares:Bajaj Auto International Holdings BV, a fully owned subsidiary of Bajaj Auto, has entered into loan agreements totaling 566 million with JPMorgan Chase, DBS Bank, and Citigroup Global Markets Asia. As stated in a stock exchange filing on Friday, the loans are unsecured and have a maturity period of one year.
Market Wrap: Financials, IT stocks drag D-Street lower; Sensex sheds 200 pts, Nifty below 25,100
Indian benchmark indices ended lower on Friday, weighed down by a pull-back in as high-weight financial and information technology stocks following a rally earlier in the week.
Market Wrap: Fag-end selling sends Sensex 412 points lower, Nifty below 24,300 as India-Pakistan tensions escalate
Indian benchmark indices closed lower on Thursday due to escalating tensions between India and Pakistan. The BSE Sensex declined by 0.51%, and the Nifty 50 fell by 0.58% following reports of Indian forces neutralizing military targets in Pakistan. Financial stocks led the decline, while Tata Motors gained on optimism surrounding trade deals and demerger plans.
UAE, France collaborate on 1-gigawatt AI data center in pioneering tech partnership
The United Arab Emirates and France have signed a landmark agreement to jointly develop a 1-gigawatt AI data center, which is poised to become the largest facility of its kind in Europe, as reported by Khaleej Times.
India-Pakistan tensions cap D-St gains on US trade deal hopes, FPI flows; Sensex adds 70 pts, Nifty above 24,300
Indian benchmark indexes ended in the green for a second straight session on Tuesday, buoyed by optimism over a potential trade deal with the U.S. and sustained inflows from foreign portfolio investors.
India positioned as top EM winner in US trade reset: Ed Yardeni
In the current situation, we have Trump going into the room by himself and coming out every now and then and telling us that things will be okay. So, we have to kind of conclude that it is in both countries interests to come up with some accommodation and so it will be incremental but clearly, there will be some pain in the trade relationship between the United States and China.
US economy was already sputtering before trade pain from Trump's tariffs kicked in
Global economy faces challenges in early 2025. US GDP growth slows down significantly. Trade tensions and tariff policies impact international markets. Canada anticipates election amid trade war with US. China's industrial profits rebound, but tariffs pose risks. Europe focuses on GDP and inflation data. Latin America monitors economic indicators and central bank decisions.
Nokia posts quarterly profit miss, flags disruption from Trump's tariffs
Nokia's first-quarter profit significantly missed market expectations, reporting 156 million euros against an expected 243.83 million euros. The company anticipates a 20-30 million euro hit to its second-quarter profit due to U.S. tariffs, potentially impacting its growing North American sales. Despite this, Nokia confirmed its full-year outlook and announced a strategic 5G partnership extension with T-Mobile.
Nokia flags disruption from Trump's tariffs on Q1 profit miss
Nokia's first-quarter profit significantly missed market expectations, reporting 156 million euros against an anticipated 243.83 million euros. The company anticipates a 20-30 million euro hit to its second-quarter profit due to US tariffs. Despite steady sales growth in North America, these tariffs pose a potential setback.
Loonie's paradox: soaring against greenback, sinking against safe havens amid global uncertainty
The Canadian dollar is rising against the US dollar due to investors fleeing US markets. However, it's falling against traditional safe havens like the Swiss franc and yen, highlighting Canada's reliance on the US economy and its less established safe-haven status amid global economic uncertainty spurred by US tariffs
Market Wrap: Tariff relief hopes buoy D-Street higher for 7th day; Sensex adds 521 pts, Nifty above 24,300
Indian benchmark indices extended their winning streak to a seventh session on Wednesday, lifted by IT and auto stocks amid signs of easing U.S.-China trade tensions and an upbeat revenue forecast from HCLTech.
China EV giant BYD reboots Europe operations after strategic stumbles
BYD has moved swiftly to address these early stumbles in this critical export market, greatly expanding its dealer network and offering hefty pay packages to poach executives from European automakers, especially Stellantis, the executives said.
Market Wrap: D-Street rally continues for 6th day on RBI support; Sensex adds 187 pts, Nifty above 24,150
India's benchmark indices extended their winning streak to six sessions on Tuesday, as liquidity-boosting measures by the Reserve Bank of India helped offset weak global sentiment stemming from U.S. President Donald Trump’s ongoing criticism of the Federal Reserve.
Dollar benefits from selling exhaustion, ECB cuts rates
The U.S. dollar rallied on Thursday after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year.
Trump's tariff storm a threat to dollar's dominance?
President Trump's tariffs are casting shadows on the US dollar's reign as the world's primary currency, prompting questions about its long-term dominance. While the dollar remains a preferred safe haven, its share of global reserves has declined amid rising competition.
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