US ANNUAL INFLATION
Multibagger or IBC - Part 12: If transition is successful then there is no limit. But there is a big ‘IF’
With a claimed global leadership in automotive control cables and halogen bulbs, it is present in metros, tractors, and two-wheelers across continents. But what happens when the very cables and bulbs it's known for face disruption from EVs and LEDs? The company pushes into braking systems, actuators, and digital clusters. Its core OEM client base and global expansion bets remain intact, but the real test will be whether this firm can pivot fast enough to stay relevant in an electrified world.This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
US stocks mixed as Middle East tensions ease; Fed's Powell in focus
Wall Street experienced a mixed performance as investors monitored developments in the Middle East and analyzed Federal Reserve Chair Jerome Powell's testimony. While ceasefire optimism boosted risk sentiment, Powell's remarks on potential tariff-induced inflation tempered enthusiasm for immediate rate cuts. Sector performance varied, with real estate declining and information technology gaining.
US stock market futures steady as Dow, S&P 500, Nasdaq hover near record highs amid Fed rate cut hopes and Middle East ceasefire stability
US Stock market today remains steady as Dow, S&P 500, and Nasdaq futures trade flat near record highs. Hopes for interest rate cuts grew after Fed Chair Jerome Powell signaled that rate reductions could happen “sooner rather than later.” Investors are closely watching Powell’s second round of testimony today and the upcoming May PCE inflation report, the Fed’s preferred inflation gauge. Meanwhile, calm in the Middle East, thanks to a US-brokered ceasefire between Israel and Iran under President Trump, is adding stability. Traders now await key data to see if a fresh rally can push markets to all-time highs.
Dollar stumbles as optimism from fragile Israel-Iran truce lingers
Global markets rallied as a fragile truce between Israel and Iran, brokered by the U.S., eased geopolitical tensions. Investors shed safe-haven assets, weakening the dollar. The euro neared its highest level since October 2021, while the Australian dollar saw gains.
Within a matter of hours, Trump drops the F-bomb and then calls Fed Chair Jerome Powell dumb and hard-headed
Donald Trump, in a series of morning outbursts, criticized both Israel and Iran for allegedly violating their ceasefire, stating they "don’t know what the f–k they’re doing." He also attacked Federal Reserve Chair Jerome Powell, labeling him "dumb" and "hard-headed" for not lowering interest rates. Trump believes lower rates would significantly boost the US economy, saving billions annually.
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.
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.
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.
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.
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.
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.
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