Despite U.S. tariffs, China's global trade surplus is expanding, driven by increased exports to regions beyond America. While exports to the U.S. have declined, China is strategically redirecting trade and leveraging its dominance in rare earth minerals and soybean imports to exert influence. Internally, China faces economic challenges, including a real estate downturn and deflation, but maintains control over information.
Vinit Sambre of DSP Mutual Fund anticipates a consumption revival fueled by GST, favoring autos, consumer durables, and lenders. While cautious on precious metals outperforming stocks long-term, he suggests equities will recover by late 2025. He highlights IT as a contrarian bet, expecting improved deal flows and growth amid light institutional holdings.
Gold prices surged to a record high on Tuesday, buoyed by a weakening dollar ahead of the Federal Reserve's anticipated policy meeting. Expectations of a near-certain interest rate cut by the Fed further fueled the rally. Meanwhile, SPDR Gold Trust reported an increase in its holdings, reflecting growing investor confidence in the precious metal. Elsewhere, a U.S.
The Senate confirmed Stephen Miran, a top Trump economic advisor, to the Federal Reserve board, raising concerns about the Fed's independence. The vote was largely along party lines, with Democrats expressing fears of political influence. Miran's appointment comes as the Fed is expected to reduce interest rates amidst economic uncertainty, with inflation above target and unemployment slightly elevated.
Asian stocks saw modest gains following Wall Street's record highs, fueled by anticipation of a Federal Reserve interest-rate cut this week. The S&P 500 surpassed 6,600 amid bets on Fed easing, while a TikTok deal and potential Trump-Xi talks also boosted sentiment.
Anand Rathi Share and Stock Brokers plans a 745-crore IPO launch this month. This marks the second company from the financial services group to enter the primary market. The IPO consists entirely of a fresh share issue. The company intends to allocate 550 crore from the proceeds to meet long-term working capital needs.
Super Retail Group has fired CEO Anthony Heraghty. This is because he did not fully reveal details about a workplace relationship. The company's shares fell sharply after the announcement. David Burns is now the interim CEO. The board is reviewing the situation. Legal proceedings are underway. The company will defend its position. Investors are watching closely.
