In a parliamentary address on Tuesday, Bank of Japan Governor Kazuo Ueda hinted at the possibility of an upcoming interest rate increase, contingent upon forthcoming economic indicators. Ueda emphasized the necessity for further evaluation to ascertain if underlying inflation trends align with the central bank's 2% target over the long term.
Users will be able to access installment loans offered through credit, debit cards and lenders when checking out with Apple Pay, starting later this year, the company said in a statement.
In an op-ed in the New York Times, Murthy wrote that a warning label alone will not make social media safe for young people but that it can increase awareness and change behavior as shown in evidence from tobacco studies. The U.S. Congress would need to pass legislation requiring such a warning label.
The dollar weakened against the euro and sterling as concerns about a far-right French government eased. Market focus shifted to key reports and comments from the Federal Reserve for rate cut clues.
The Justice Department said in its lawsuit that Adobe hid details of an expensive cancellation fee from consumers "in fine print and behind optional text boxes and hyperlinks." Adobe's website and customer service representatives made canceling additionally challenging, according to allegations in the suit.
Gold prices rose slightly on Tuesday as Treasury yields dipped, with investors awaiting economic data and comments from Federal Reserve officials for insight on the U.S. central bank's interest rate cuts.
Asian stocks rose ahead of the RBA's policy decision, with expectations for the central bank to maintain rates and provide guidance on a potential easing cycle.
Oil prices rose on Tuesday due to a stronger demand outlook and investor confidence in OPEC+ producers. Global benchmark Brent crude futures and U.S. West Texas Intermediate crude futures were up, closing at their highest since April.
The S&P 500 and Nasdaq hit record highs fueled by technology shares and AI enthusiasm ahead of economic data and Fed speeches.
Technical charts, options data, and India VIX levels suggest possible consolidation for the Nifty within the 23,200-23,600 range this week. If the index anages to close decisively above 23,500, it could move towards 24,000, analysts said. M&M, TVS Motors, Bharti, Indian Hotels, ICICI Lombard, Cipla, JB Chemicals, harmabees, and Hindustan Zinc are some of the stocks recommended by the analysts for trading.
Prime Minister Narendra Modi is set to propose the new Lok Sabha Speaker on June 25, as the 18th Lok Sabha session begins. The session, from June 24 to July 3, will focus initially on the oath-taking of new members, with the election for Speaker on June 26. Modi aims for a consensus candidate, but the opposition is ready to field one if not offered the deputy Speaker post. The Speaker plays a vital role in managing proceedings and enforcing rules. Potential candidates include Daggubati Purandeswari and GM Harish Balayogi... Читать дальше...
Domestic markets rose driven by global cues and domestic buying. Expectations for the next week are positive with macro trends, government spending, monsoon, and earnings support.
Quess Corp's demerger process, led by chairman Ajit Isaac, aims to unlock value at India's largest third-party staffing supplier. The company plans to file an application with the NCLT and has seen a 44% stock rally in the past year.
India and the US have deepened their cooperation on supply chain, semiconductors, and critical minerals during the iCET meeting in New Delhi. They launched a new strategic semiconductor partnership to co-develop processes for precision-guided ammunition. The partnership also aims to build India's semiconductor and ICT ecosystem. Additionally, they agreed to work together on ensuring a reliable supply of critical minerals, including co-investing in lithium and rare earths projects. Both countries... Читать дальше...
Congress leader Pramod Tiwari praised Rahul Gandhi's decision to retain the Rae Bareli Lok Sabha seat in Uttar Pradesh, calling it the "right political decision." Tiwari thanked the Congress party and Rahul Gandhi for respecting Uttar Pradesh's mandate. He expressed confidence in Priyanka Gandhi Vadra winning from Wayanad by a significant margin. Congress workers celebrated in Rae Bareli following Rahul Gandhi's decision. Priyanka Gandhi confirmed her candidature from Wayanad and expressed her continued commitment to Amethi and Rae Bareli. Читать дальше...
Gold prices slipped on Monday due to higher Treasury yields. Investors await US data and comments from Federal Reserve officials for monetary policy cues.
Indian sovereign debt players bond with bonds following Mint Road's move to decelerate rate-increase drive and JPMorgan's recognition. CCIL data shows a 40% increase in monthly trades, reaching ₹8.6 lakh crore in 2023.
Investors looking for safer bets on Dalal Street could consider HDFC Bank but they would be better off putting money in the stock in installments over the next few months. HDFC Bank has been among the top picks of mutual funds, but the absence of big foreign purchases has kept a lid on the stock price.
