US July CPI due today could nudge higher, show polls, revealing how Trump tariffs are impacting prices
According to a Bloomberg survey of economists, the annual core inflation rate to rise to 3%, the highest since February. A Goldman Sachs note recently said the core personal consumer expenditure index, a key metric for the US Fed to assess inflation, could hit 3.2 percent in December, from 208 percent in June.
Ultra wealthy are piling into a centuries-old gold trade in Asia
Uncertainty over the status of gold in President Donald Trump’s sweeping tariff agenda has plunged the market into fresh turmoil in recent days
Trump names Heritage’s EJ Antoni to lead US bureau of labor statistics
Trump appointed Antoni, who has been vocal about his concerns with BLS jobs data and revisions, in a Truth Social post. The position is subject to Senate confirmation
Bessent sees US trade talks largely done by October: Report
The comments, made to Nikkei on Thursday, come after President Donald Trump’s sweeping new tariffs took effect.
Trump names Miran to fill seat on Federal Reserve board
The president said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor Adriana Kugler, which ends in January
Closing Bell: Tariff worries worsen; Nifty sinks to 3-month low, Sensex down 765 pts
Biggest Nifty losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M, while gainers were Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv. All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent. BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.
Markets largely unfazed as Trump slaps 50 percent tariff on Indian imports
The iShares MSCI India ETF (INDA), a key indicator of US investor sentiment toward Indian equities, dropped 1 percent intraday following the announcement
Russia oil prices to India dip on sanctions, threats, says Kpler
The price of Urals, the OPEC+ producer’s flagship oil, is more than $5 a barrel cheaper than Dated Brent
Asia stocks rise as Trump's chip tariffs fail to dent optimism
MSCI’s Asian stock gauge rose 0.9% while contracts for the S&P 500 and Nasdaq 100 gained 0.3%.
Gold holds longest winning streak since February on economy woes
Bullion was steady at around $3,383 an ounce in early Asian trading, after gaining more than 3% over the previous four trading sessions
Trump fires data chief on bad job news, gets chance to tilt US Fed
Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring
Trump tariff blitz unleashes delayed shock to global economy
Trump’s latest volley outlined minimum 10% baseline levies, with rates of 15% or more for countries with trade surpluses with the US.
Equities retreat as Powell dampens Fed Sept cut hopes | N18G
U.S. stocks closed well off earlier highs after a choppy session on Wednesday (July 30), as Federal Reserve Chair Jerome Powell chilled expectations the central bank might be poised to cut rates at its September meeting.
In keeping rates unchanged, as was widely expected, the central bank said "the unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," in a split decision that saw two governors dissent.
Stocks were modestly higher before the Fed statement as investors assessed the first reading of second-quarter economic growth, which was stronger than expected, but underlying details indicated an economy that was likely losing strength.
Axis Bank's Neelkanth Mishra sees $10 billion hit from Trump’s 25% tariff on Indian exports
The financial burden is expected to intensify further once the Section 232 tariffs on pharmaceuticals are implemented - currently at zero - and if additional punitive levies are introduced, the report added.
Trump's potential penalties could impact market more than tariff hike
Indian markets face mounting pressure as Trump's tariff threats trigger a sharp rupee decline to four-month lows of 87.42 against the dollar. The Gift Nifty's drop signals continued volatility ahead, with analysts warning that uncertainty over additional Russia-related penalties could derail the market's recent upward momentum.
India’s m-cap sees sharpest drop in five months, ranks fifth-worst globally in July
Global markets saw broad gains. China, the world’s second-largest market by capitalisation, led with a 6 percent rise in July, followed by Hong Kong and US.
Asian shares mixed at open before US Fed’s meeting
Shares in Japan fluctuated at the open while those in South Korea and Australia were flat Wednesday after the S&P 500 snapped a six-day rally
Trump pauses export controls to bolster China trade deal: Report
The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, report said
Global stocks gain as US-EU trade deal lifts sentiment; Fed, BOJ policy meetings in focus
In Asia, Japan’s Nikkei slipped after touching a one-year high last week while MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.27%, just shy of the almost four-year high it touched last week.
Pressure mounts on Fed chief Powell in tee up to GDP, jobs data
Fed officials meet Tuesday and Wednesday, and are widely expected to keep rates unchanged again
London's FTSE 100 rises as UK seals trade deal with India
Earlier, on May 8, 2025, the UK and the United States unveiled the “US-UK Economic Prosperity Deal” (EPD), aimed at reducing or eliminating tariffs on key exports including cars, steel, and aluminium.
Tesla likely faces 'a few rough quarters' from end of US EV support, says Elon Musk
Shares fell nearly 5% after Musk responded on a quarterly results conference call to questions about new U.S. government policies under President Donald Trump
ASM shares fall sharply after chipmakers’ troubles weigh on bookings
Bookings of ASM’s chipmaking machines have flagged as the semiconductor businesses of some of the industry’s most renowned names, including Intel Corp. and Samsung Electronics Co., cede leadership in the artificial intelligence market to competitors.
US treasuries edge higher as Bessent offers support for powell
Yields on Treasuries fell about 3 basis points across maturities
After stock market’s torrid run, earnings misses face punishment
The S&P 500 Index closed near an all-time high Friday, after notching seven new records in just 15 sessions
