Global markets rebounded last week as fears a global trade war would erupt in the first days of Trumps presidency were assuaged after the President avoided placing immediate import levies on goods from Mexico, Canada and China. Threats resurfaced, however, after Trump ordered punitive trade sanctions on Colombia Sunday for rejecting US deportation flights over human rights issues.
Colombian President Gustavo Petro has arranged for the presidential plane to repatriate Colombian nationals deported from the US, ensuring their dignified return. This follows US President Trump's imposition of 25 per cent tariffs and other sanctions after Colombia blocked US military deportation flights. Colombia aims to guarantee respectful treatment for deported citizens and is seeking humane migration solutions.
The asset under management (AUM) of Indian mutual funds was $850 billion as of December 2024 and the Indian mutual fund industry aspires to reach a target of $3-4 trillion as key factors such as transparency drive growth in the mutual funds.
On the weekly chart, the index has formed a small bearish candle with shadows on both sides, situated near the critical support level of 23,000. This pattern indicates indecisiveness among market participants, with the 23,000 level serving as a key inflexion point.
The RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local businesses, enhancing deal flexibility. This move clarifies and simplifies downstream investment procedures while restricting investments by Chinese subsidiaries in India using retained earnings.
