The European Union is launching a new plan to reduce its dependence on China for critical raw materials. This initiative, named RESourceEU, aims to secure alternative sources from countries like Australia and Canada. It also focuses on increasing recycling efforts within the EU. The plan mirrors the EU's strategy to cut reliance on Russian energy.
Ajay Bagga highlighted Indias equity outlook, noting a near-term earnings recovery, rural-led consumption growth, muted urban demand, and opportunities in autos and durables, while cautioning on telecom, financials, and high-valuation FMCG stocks.
Venkatesh Balasubramaniam highlights expensive Indian markets with muted EPS growth, cautious sector bets, and selective opportunities in autos, hospitality, mid-cap IT, and energy amid rising oil prices and IPO exuberance.
The government-backed ONDC is transforming Indias digital finance ecosystem by connecting buyers and sellers of mutual funds, loans, and insurance through a unified digital network, enabling seamless investments across multiple platforms and asset managers.
Over five trading sessions ending October 24, the Sensex rose 744 points (0.81%), led by 13 small-cap stocks with gains of 316%, including GM Breweries, KPI Green Energy, and GMR Power & Urban Infra.
Quant Mutual Fund launches QSIF Equity Ex-Top 100 Long-Short Fund, targeting long-term capital appreciation through investments in equities outside top 100 stocks, using limited short derivative exposure for enhanced returns and risk management.
Spandana Sphoorty Financial raised Rs 250 crore via bonds, below the Rs 300 crore target, with 11% coupon and 30-month maturity, amid asset-quality stress and BBB+ rating with negative outlook.
Gold ETFs delivered strong returns up to 27% in three months. Recent volatility saw profit booking and corrections. Experts cite Fed rate cut expectations, geopolitical tensions, and central bank demand as drivers. Despite short-term fluctuations, long-term structural drivers for gold remain intact. Investors are advised to adopt a phased investment approach.
Trump's 'America First' approach has cast a shadow over European allies in the field of international diplomacy. As Europe grapples with its voice on pivotal issues like the Ukraine conflict and the Israel-Hamas tension, the challenge of aligning with Trump's perspectives grows.
US inflation eased more than anticipated in September, fueling hopes for Federal Reserve rate cuts. Meanwhile, trade talks between the US and Canada hit a snag, though focus shifts to an upcoming Trump-Xi meeting. Oil prices climbed on new US sanctions, impacting currencies like the yen, while UK retail sales saw a boost.
