Global shares were mostly higher on Friday as the week was winding down with the Israel-Iran ceasefire still in place and signs of progress on a China-U.S. trade deal.
Anand Radhakrishnan of Sundaram Mutual Fund suggests that rate cuts are poised to stimulate both listed and unlisted companies by enhancing liquidity and credit access. Consumption is expected to rise, fueled by tax relief, lower interest rates, and potential wage growth. The US may moderate tariffs to pave the way for rate cuts, potentially boosting economic growth.
Iran's Foreign Minister said that recent U.S. military action against Iranian nuclear sites has complicated potential negotiations regarding the country's nuclear program. While leaving open the possibility of future talks, he indicated that no agreement or timeline has been established.
