Standard Chartered expects the US Federal Reserve to deliver a 50-basis-point cut in September, double its earlier projection. The revision follows weak August jobs data, signaling labor market softness. Other global banks remain divided on the magnitude and timing of policy easing.Read More

The collapse of Prime Minister Francois Bayrou’s government after a no-confidence vote leaves France facing political instability, weak growth, high borrowing costs, and rising debt, raising concerns about fiscal consolidation and eurozone economic stability.Read More

Indian automakers are experiencing a significant boost due to the government’s decision to cut consumption taxes, leading to a surge in market value. The reduction in Goods and Services Tax (GST) on passenger vehicles, making them more affordable, is expected to drive demand, particularly during the upcoming festival season. Mahindra & Mahindra, Eicher Motors, and...Read More

Morgan Stanley is optimistic about Aditya Birla Group’s retail ventures, initiating coverage on Aditya Birla Lifestyle Brands Ltd (ABLBL) with an “Overweight” rating, projecting a 23% upside. Simultaneously, Aditya Birla Fashion and Retail Ltd (ABFRL) was upgraded to “Overweight,” anticipating a 53% potential increase. This upgrade is due to improved profitability.Read More

Global bonds are rallying, with Bloomberg’s GlobalAgg Index hitting its highest level since March 2022, fueled by cooling US labor data and expectations of Federal Reserve rate cuts. Central banks are reducing borrowing costs amid easing inflation and labor market concerns. However, longer-dated bonds face pressure due to fiscal risks in France, the UK, and...Read More

Bitcoin is trading steadily near $112K, while Ethereum hovers around $4.3K, buoyed by hopes of U.S. rate cuts and institutional buying. Analysts suggest September is a crucial month for crypto, with the SEC easing compliance and Nasdaq exploring tokenized securities. Market sentiment balances optimism with caution amid tightening regulations and ongoing innovation.Read More

Bank Indonesia acted to stabilise markets. This followed the unexpected removal of Finance Minister Sri Mulyani Indrawati. The move triggered a selloff in the Rupiah and Indonesian bonds. Bank Indonesia bought longer-dated government bonds. They also intervened in the foreign exchange market. This was to ensure the Rupiah’s exchange rate aligned with fundamentals. The interventions...Read More

Amanta Healthcare shares: Amanta Healthcare shares debuted with a premium, listing at Rs 135 on NSE and Rs 134 on BSE against an issue price of Rs 126. The Rs 126 crore IPO, a fresh issue, will fund expansion, including a new SteriPort line. Despite strong demand and oversubscription, analysts consider the IPO “fully priced,”...Read More

Three IPOs, Urban Company, Shringar House of Mangalsutra, and Dev Accelerator, are opening. Urban Company, a home services marketplace, aims to raise significant capital. Shringar focuses on mangalsutras, targeting steady earnings. Dev Accelerator offers flexible workspace solutions, eyeing expansion. Analysts suggest Dev Accelerator for listing gains. Urban Company is considered for long-term potential.Read More

The rupee gained 14 paise to 87.95 on equity strength, but US tariff concerns and global risks capped recovery; Sensex and Nifty rose as US trade tensions escalated.Read More