US MARKET GROWTH
Crude oil climbs on strong U.S. jobs data and renewed China trade talks
Crude oil prices increased on Friday, marking the first weekly gain in three weeks. This rise followed a positive U.S. jobs report and renewed trade discussions between the U.S. and China. Brent crude futures settled at $66.47 a barrel, while U.S. West Texas Intermediate crude finished at $64.58. OPEC+ agreed to increase output by 411,000 barrels per day in July.
Wall Street posts weekly gains, Treasury yields jump as upbeat jobs data ease economic fears
U.S. stocks surged, fueled by a strong employment report and a Tesla rebound, leading to weekly gains across major indexes. The robust jobs data, coupled with rising wages, tempered expectations for near-term Federal Reserve rate cuts. Trade developments, including U.S.-China talks and EU negotiations, also influenced market sentiment, while Treasury yields jumped and the dollar strengthened.
Wall Street Week Ahead: US stocks edge toward records with inflation data, policy progress in focus
U.S. stocks are nearing record highs, buoyed by economic data and trade developments, but face tests ahead. A key inflation report and Federal Reserve meeting loom large. Concerns persist over the impact of tariffs and a proposed tax-cut bill, highlighted by a rift between President Trump and Elon Musk.
Sensex ends 747 points higher, Nifty tops 25,000 after RBI's jumbo 50 bps rate cut
Stock Market Today: Indian stock markets rebounded following the Reserve Bank of India's decision to lower the repo rate. Banking and auto sectors saw significant gains. Sensex and Nifty both experienced positive movement. Asian markets also showed positive trends, influenced by developments in US-China trade talks. Foreign Institutional Investors continued selling, while Domestic Institutional Investors remained buyers.
RBI MPC Meeting GDP Forecast: India’s central bank retains growth forecast at 6.5%
RBI GDP Growth 2025: India retained its FY2025-26 GDP growth forecast at 6.5% amid global uncertainty. The RBI cut interest rates to 5.50% to spur growth. Despite Q4 GDP rising 7.4%, FY25 saw the slowest growth since COVID. India and the U.S. are finalizing a trade deal, while India is projected to become the world’s fourth-largest economy by 2025.
U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies
America's job market slowed down last month due to worries over President Trump's policies. Hiring decreased to 130,000 jobs in May, lower than April's 177,000. The unemployment rate remained at 4.2%. Economists are concerned about the impact of tariffs and immigration policies. Recent data shows mixed signals, with job openings rising but layoffs increasing.
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ETMarkets Smart Talk - We’re adding to domestic plays like autos, banks & telecom: V. Srivatsa, UTI MF
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
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.
Is IT a value buy or a contra buy now? How will NBFCs fare? Mahesh Patil answers
Mahesh Patil of ABSL AMC suggests banks could benefit from mid-teens credit growth, while tier II NBFCs offer turnaround potential. IT sector growth is expected to be moderate with limited downside, its performance depending on domestic sectors like banking and consumer. Currently, a neutral stance is maintained on the IT sector.
There’s no such thing as EMs any more; Morgan Stanley picks strongest stories including India: Jonathan Garner
Morgan Stanley's Jonathan Garner highlights India's robust economic resurgence, driven by strong GDP growth and easing monetary policies. He emphasizes India's distinct position among emerging markets, fueled by superior earnings growth and increasing weight in global equity indices. Garner notes that global fund managers are compelled to allocate towards India, recognizing it as a key global equity destination.
ETMarkets Smart Talk - RBI may cut rates by 50 bps in 2025 as growth needs support, says Dr. Joseph Thomas of Emkay Wealth
Emkay Wealth Management's Dr. Joseph Thomas anticipates a potential RBI rate cut in 2025 amid controlled inflation and growth imperatives. He navigates global volatility from tariff tensions and US bond yield fluctuations, highlighting India's improving earnings and IPO surge. Opportunities exist for long-term investors in SMIDs, infrastructure, PSU equities, consumer discretionary, healthcare, technology, and utilities sectors.
Asian stocks cautious ahead of Japan bond auction
Asian shares displayed caution as weak US economic data bolstered expectations for Federal Reserve rate cuts. Treasury yields stabilized after a rally, while the dollar weakened. Markets are closely watching Japan's super-long-term bond auction amid concerns about demand. US economic activity has slowed, raising fears about equity market valuations.
Nvidia overtakes Microsoft to become world’s most valuable company
Nvidia gained 0.9% on Tuesday and has surged over 45% since its April low, boosting its market value to $3.45 trillion, just ahead of Microsoft, the world’s most valuable company. Nvidia shares are still 7.8% below their 52-week high seen in January.
U.S. adds just 37,000 private sector jobs in May 2025 — ADP report stuns as Trump calls on Fed to slash rates
Private sector job growth in May 2025 hit its lowest point in over two years, with just 37,000 jobs added, far below the expected 110,000. The new ADP report shows hiring momentum is fading despite steady wage growth. President Donald Trump, reacting on Truth Social, urged the Fed to cut interest rates, citing aggressive rate cuts in Europe. With wage gains still strong, the pressure now shifts to the Federal Reserve’s next move. This slowdown raises big questions about where the U.S. economy is headed next — and what that means for jobs, wages, and interest rates.
Counterpoint Research cuts 2025 global smartphone shipment growth amid tariff uncertainty
The downgrade signals challenges for manufacturers that already face weakening sales amid heightened geopolitical tensions and escalating tariff disputes. The research firm also revised year-on-year shipment growth from China down to near-flat, while Apple and Samsung's shipments are expected to slow as cost increases are passed on to consumers.
Stable macro fundamentals to keep India ahead of most emerging market peers: Claudio Irigoyen
BofA Global Research's Claudio Irigoyen suggests the US dollar will likely remain soft without a major collapse. Rising US treasury yields reflect recalibrated expectations due to fiscal and policy uncertainties, impacting consumer and business sentiment. Portfolio rebalancing by global investors, shifting away from US assets, further contributes to the dollar's struggle.
ETMarkets Smart Talk | Dollar strength, geopolitics & yields – the triple threat roiling Indian markets: Anirudh Garg
Amid market volatility fueled by global factors like dollar strength and geopolitical tensions, Anirudh Garg of INVasset PMS offers insights on navigating Dalal Street. He suggests tactical portfolio shifts, highlighting opportunities in sectors like textiles, financials, and defence. Garg emphasizes a data-driven approach to managing risk and uncovering long-term value in a dynamic market.
Result season was better than expected; BFSI beneficiary on multiple fronts: Krishna Sanghavi
Indian companies have reported better-than-expected earnings, with growth spread across various sectors like energy and BFSI. Tariff clarity and global capital flows are crucial for future growth. BFSI benefits from double-digit nominal GDP growth, strong credit demand, and increased domestic savings boosting capital markets. Company-specific performance remains key in the Indian market.
Oil prices slip as rising OPEC+ output, tariff fears weigh on outlook
Oil prices declined in early Asian trade. Increased OPEC+ output and tariff concerns impacted the market. Brent crude futures dipped slightly. US West Texas Intermediate crude also saw a decrease. Prices had risen earlier due to Canadian wildfires and Iran nuclear deal worries. OPEC+ production increases are limiting further gains. US-China trade talk caution persists.
'Trade impact of US tariffs likely soon': OECD's Alvaro Santos Pereira
The Russia-Ukraine conflict escalation poses a significant threat to the global economy, potentially impacting energy prices and overall growth. Trade policy uncertainties, particularly US tariffs, are already affecting consumer and business confidence, leading to downgraded growth forecasts and increased inflation risks. Despite global headwinds, India remains a growth champion due to strong investment, consumption, and continued reform momentum.
OECD pegs FY26 India growth at 6.3%
The OECD projects India's economic growth to remain strong and stable, forecasting a GDP growth of 6.3% in FY26 and 6.4% in FY27, driven by private consumption and lower income taxes. While global economic growth slows due to tariff wars, India's growth is expected to be largely unaffected.
US Stock market today: Dow Jones up 0.22%, S&P 500 rises 0.36%, Nasdaq surges 0.68% as Nvidia powers tech rally, Dollar General soars 12%, and OECD cuts U.S. growth forecast amid trade war tensions
US Stock market today showed mixed moves as the Nasdaq Composite jumped, led by strong gains in tech stocks like Nvidia, while the Dow Jones wavered. The OECD cut its U.S. growth outlook, warning of trade policy risks. Investors are watching rising tariff impacts, weak factory data, and ongoing U.S.-China trade tensions. Retailer Dollar General soared after raising its forecast. Global bond yields dipped, and Constellation Energy rose on a nuclear deal with Meta. With uncertainty around global growth and U.S. spending plans, markets are bracing for a bumpy ride. Here's everything you need to know in today’s full market recap.
U.S. stock futures today fall: Dow drops 100 points, S&P 500 and Nasdaq slip as Trump’s tariff move hits Ford, GM, and lifts Dollar General
U.S. stock futures today are under pressure as investors digest fresh tariff threats from President Trump and new warnings about a slowing global economy. The Dow Jones Industrial Average futures dropped 100 points (-0.24%), falling to 42,274, while S&P 500 futures slid 10.25 points (-0.17%) to 5,937. The Nasdaq 100 futures dipped 11.25 points (-0.05%) to 21,523.25. The tariff escalation, especially a planned 50% duty on imported steel and aluminum, is raising concerns over higher production costs and weakened corporate profits.
India a top growth market but still underowned globally: Matt Orton
Matt Orton from Raymond James Investment visited India for an investor conference. He finds Indian infrastructure development exciting. Orton is looking deeper into L&T due to its clean balance sheet and exposure to Indian and GCC infrastructure. He notes India is underpenetrated from an investment perspective. Orton sees long-term growth opportunities in India, especially compared to Europe.
Ridham Desai sees India outperforming global markets despite uncertain global economic environment
Morgan Stanley's Ridham Desai highlights that while US tariffs are a concern, the slowdown in US immigration is a significant factor impacting growth. Reduced immigration could lead to wage inflation and supply-side challenges. Desai anticipates slower US growth and a reluctant Federal Reserve.
India’s structural strength makes it a long-term winner despite global challenges: Ridham Desai
Morgan Stanley's Ridham Desai believes Indian equities are reasonably priced, despite foreign investors being underweight due to perceived high PE multiples. He highlights India's macro stability and growth amidst a challenging global environment, describing it as an "oasis in a desert.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities closed flat on Monday as IT and metal losses outweighed optimism from strong GDP data. Market consolidation persists amid global tariff worries and geopolitical tensions. Analysts highlight domestic resilience led by institutional flows and select sectors.
Valuations higher than what growth warrants; pick stocks carefully in this market: Shreyash Devalkar
Fund Manager Shreyash Devalkar notes that while macro factors like US flows and controlled inflation support the market, valuations, especially in the IT sector, appear high relative to growth. He emphasizes careful stock picking, highlighting that large caps are reasonably valued if GDP growth accelerates, while mid and small caps exhibit higher growth but elevated valuations.
Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline
Indian stock markets experienced a significant decline on Monday. Sensex and Nifty both traded lower. Selling pressure in metal and IT stocks contributed to the downturn. This weakness overshadowed India's strong GDP growth figures. Global cues remained mixed. Investors grew cautious before key U.S. macroeconomic data releases. Broader markets also faced pressure, with small-cap and mid-cap indices slipping.
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