US ANNUAL INFLATION
China on cusp of seeing over 100 DeepSeeks, ex-top official says
A former Chinese central bank official predicts a surge of AI innovation in China, potentially leading to over 100 DeepSeek-like breakthroughs within 18 months. This transformation, fueled by China's engineering talent, consumer base, and government support, intensifies the tech rivalry with the US. Despite trade tensions and economic challenges, China's high-tech sector is projected to significantly contribute to its GDP.
Crude Oil: The barometer of global stability
Crude oil prices are rising amid geopolitical tensions, threatening global stability and economic balance. For India, this means higher import bills, inflation, and fiscal stress. The ripple effects extend globally, impacting currencies, stockpiles, and policy decisions. Technically, crude may rise further unless peace returns and supply risks ease.
US migrant halt may wipe potential job growth
Slowing immigration and an aging workforce are creating a potential labor crunch in the U.S., potentially reducing payroll growth significantly. Barclays estimates this could slow economic growth to 1.4-1.6% next year. This situation complicates the Federal Reserve's policy decisions, as worker shortages could fuel inflation despite an economic slowdown, potentially leading to a cautious approach to interest rate cuts.
What $100 crude oil means for India: Market & sectoral outlook with Dr Mukesh Jindal
Amidst global volatility, Dr. Jindal advises Indian investors on market strategies. Defence sector benefits from geopolitical tensions but valuations are high. Rate cuts boost banks and NBFCs. Downstream oil and FMCG sectors may underperform. DIIs are now crucial for market stability. Capital markets are a top pick for long-term growth. Investors should monitor global interest rates and geopolitical events.
Will rising inflation in May force the Fed to change its strategy?
US inflation likely edged up slightly in May, offering limited insight into tariff impacts. Jerome Powell will testify on Capitol Hill, reiterating the Fed's cautious approach amid uncertainty about trade policy's economic effects. While rate cuts remain possible, officials seek more clarity. The report will also provide insights into household spending, personal income, and consumer confidence.
How Senate Republicans want to change tax breaks in Trump's big bill
House and Senate Republicans are working on a massive tax and spending cuts bill, but they disagree on key provisions. Differences include the size of the child tax credit, state and local tax deductions, and clean energy tax credits. The House and Senate also differ on deductions for tips, overtime, and interest paid on auto loans.
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S&P 500, Nasdaq finish lower; investors uneasy about Middle East conflict
Stock markets closed lower on Friday. Investors were worried about the Iran-Israel situation. The US is considering involvement. Tech stocks like Nvidia dragged down the S&P 500 and Nasdaq. The Dow Jones Industrial Average saw a slight increase. Kroger's shares rose after a sales forecast increase. Accenture's shares declined due to lower bookings. Trading volume was high due to 'triple-witching'.
Frontloading rate cuts is a clear "signal" to boost growth: MPC
India's monetary policymakers, encouraged by a favorable inflation outlook, implemented a substantial 50 basis point rate cut to stimulate economic growth. The decision, detailed in the June 6 meeting minutes, aims to send a strong signal to productive sectors, fostering consumption and investment through reduced borrowing costs.
Up 29% in 5 months! Should you invest or avoid gold mutual funds?
Gold funds and ETFs have surged, delivering impressive returns this year, fueled by geopolitical tensions and central bank buying. Experts advise caution for fresh investments, suggesting a strategic allocation of 5-10% of portfolio for diversification. While gold offers a hedge against uncertainty, equity mutual funds may provide better long-term returns, making SIPs in equity a potentially more rewarding option.
Swiss National Bank cuts interest rates to zero as inflation falls
The Swiss National Bank (SNB) reduced its interest rate to zero. This decision was influenced by decreasing inflation and a strong Swiss franc. The SNB anticipates weaker global growth and rising U.S. inflation. This rate cut is the sixth in a series since March 2024. The central bank aims to prevent further appreciation of the franc.
From ports to policies: How Dubai is rewiring the future of trade
Dubai’s integrated logistics, CEPA-driven trade growth, green infrastructure, and hubs such as Bharat Mart are powering its rise as a global trade leader.
Gold set to gain share in forex reserves as dollar outlook dims: WGC
Gold reserves: A World Gold Council survey shows nearly half of central banks plan to boost gold reserves amid geopolitical risks. Gold may outpace the US dollar, with growing preference for safer, non-dollar assets including yuan and euro.
US retail sales fall 0.9% in May, weighed down by decline in motor vehicle purchases
Retail sales in the United States saw an unexpected drop in May. This decline was largely due to decreased motor vehicle purchases. Lower gasoline prices also contributed to the fall in sales. Consumer spending remains supported by wage growth. The Federal Reserve is monitoring the economic impact of tariffs and Middle East tensions.
US may see net loss in immigration for the first time in 50 years
Economists predict the US could see more people leaving than entering for the first time in over 50 years, potentially in 2025. This shift, linked to stricter immigration policies, impacts sectors like agriculture and construction. Concerns rise about economic growth, inflation, and labor shortages as the foreign-born workforce declines.
12-15% earnings growth likely in FY26-27; PSBs and select commodity stocks offer value: Gautam Duggad
Motilal Oswal Financial Services reports strong earnings in fiscal year 25's fourth quarter. Growth exceeded expectations, reaching 10%. Midcaps led with 19% earnings growth. Government capex spending increased in March and April. While commodity prices are a concern, 12-15% earnings growth is expected for fiscal years 26-27. Select PSU banks and commodity stocks offer reasonable valuations.
FIRE myth: Financial independence, retire early sounds glamorous. It takes much more than mere ambition
Financial Independence, Retire Early sounds glamorous. But early retirement takes more than ambition—it needs planning, patience, and a whole lot of money.
Explained: Why gold beat Euro to become the world's second-largest reserve asset
Gold has overtaken the euro as the second-largest global reserve asset, driven by record central bank buying amid geopolitical tensions. Despite recent price volatility, its role as a hedge against uncertainty and sanctions keeps demand elevated.
Canada’s F-35 stealth jet ambition hit by 50 percent cost surge, US warning of military unpreparedness
Canada's plan to acquire F-35 fighter jets is facing significant hurdles. Infrastructure issues and rising costs are causing delays. The program's budget has increased substantially. Pilot shortages are also affecting the Royal Canadian Air Force's readiness. Concerns about reliance on US technology have sparked debate. The government is reviewing the program amidst these challenges.
Trump announces China will supply rare earths, US to now allow Chinese students
Donald Trump announced a rare earths supply deal with China, pending President Xi’s nod. China will supply magnets and rare earths upfront, while the U.S. will allow Chinese students access to its universities. Trump said the U.S. will impose 55% tariffs, compared to China’s 10%, and called the bilateral relationship “excellent.”
S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal
Wall Street concluded Wednesday's session lower as escalating Middle East tensions and concerns over U.S.-China trade lingered, overshadowing a benign inflation report. Investors reacted to news of a potential U.S. embassy evacuation in Iraq and Iranian threats, while awaiting further details on trade negotiations.
Multibagger or IBC - Part 10: 4% R&D spend, 300 patents; this company’s DNA has changed for the better
Sometimes, it’s the quiet ones you need to watch. This company spotted the EV shift in 2010, long before it was trendy, and has built a full-stack offering. Its latest EV tie-ups, including one that jacks up kit value to levels considered high in the industry, are a sign of how deep the EV play runs. With exports making up 9% of revenue and 700+ aftermarket dealers in India, it’s not just riding the OEM demand wave. Add to that 300+ patents and rising R&D spends, and you have a company betting big on innovation. Clearly one to track if you're following India’s EV transformation.
US-China trade deal: What does Donald Trump get, give up for Beijing? Who is the real winner?
Donald Trump has announced the US-China trade deal. However, Beijing is yet to make any concrete steps.
Ahead of Market: 10 things that will decide stock market action on Thursday
Sensex today:Indian markets closed higher on Wednesday, supported by gains in IT and oil & gas stocks. Global cues and progress in U.S. trade talks lifted investor sentiment. Broader markets saw profit booking, but large-caps remained resilient.
US Fed rate cut: When are next meeting dates? Will there be big change in interest rates following Inflation data?
US Inflation data is out and now all eyes are on whether the Federal Reserve go for big interest rate cut or not.
Scott Bessent said to be in the race for next Fed chair. What it means for stock market investors
Scott Bessent, currently the U.S. Treasury Secretary, has emerged as a strong candidate to succeed Jerome Powell as Federal Reserve chair, sparking speculation about a potential shift towards a more dovish monetary policy. This possibility has boosted tech stocks, fueled by expectations of interest rate cuts.
As US trade truce gets back on track, some Chinese exporters are 'slowly dying'
Chinese exporters, like Jacky Ren, are struggling with U.S. tariffs, selling at a loss to retain clients. Despite recent trade talks, U.S. levies remain high, impacting smaller firms. Many face potential bankruptcies and wage delays, as U.S. buyers demand extended payment terms.
Stocks offer restrained response to US-China trade framework
Global markets cautiously responded to initial progress in U.S.-China trade talks, awaiting specifics and long-term viability. Bond investors braced for U.S. inflation data, potentially reflecting tariff impacts, and a significant Treasury auction. Negotiators in London agreed on a trade framework to be reviewed by leaders, though details remain scarce.
Asian stocks to track US gains on trade talk hopes
Asian stocks are poised to climb, mirroring Wall Street's upward trend, fueled by optimistic remarks from Commerce Secretary Howard Lutnick regarding US-China trade talks. Equity futures signal gains in Sydney, Tokyo, and Hong Kong, while Tesla spearheaded advances among megacap stocks. Investors are also closely watching for a key inflation report and Bitcoin's attempt to breach its record high.
S&P 500 ends slightly up; traders watch US-China trade talks
American stock market saw a slight increase. Amazon and Alphabet shares helped. Investors are watching discussions between America and China about trade. Both countries want to fix their trade issues. Technology giant plans to invest in Pennsylvania. Apple's new software did not excite investors. Warner Bros Discovery will separate its studios from cable networks. Morgan Stanley has downgraded McDonald's stock.
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