The ongoing Middle East conflict, now entering its ninth week, has created a notable split within the U.S. fixed-income market, reflecting sharply different investor expectations about inflation, growth, and monetary policy.Read More

Oil prices continued their rally for an eighth consecutive day, driven by reports of a potential extended U.S. blockade of Iranian ports. This move, aimed at pressuring Iran’s economy and oil exports, could prolong supply disruptions from the Middle East. The Strait of Hormuz’s reduced accessibility has already significantly impacted energy supplies, leading to fears...Read More

The dollar firmed as investors awaited the Federal Reserve’s rate decision and assessed the impact of the ongoing Middle East conflict. Currencies traded in tight ranges amid thin Asian markets. The yen remained near 160 against the dollar, with traders watching for potential intervention despite the Bank of Japan’s hawkish signals.Read More

Gold prices remained largely steady as investors awaited U.S. Federal Reserve Chair Jerome Powell’s comments for insights into the economic impact of the Iran conflict amid stalled peace talks. Market participants are also anticipating central bank decisions from the ECB, BoE, and BoC this week.Read More

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Corporate borrowing costs are rising again after a brief dip in mid-April, driven by concerns over the West Asia conflict impacting oil prices. Recent state-backed bond issuances saw lower-than-planned mobilizations, indicating increased caution among issuers and selective appetite in the debt market.Read More

HSBC has initiated coverage on JSW Steel and Jindal Stainless with Buy ratings, anticipating a multi-year demand upcycle fueled by infrastructure and urbanization. The bank also reiterated a Buy on Tata Steel, highlighting strong balance sheets and margin expansion as key sector tailwinds, with price targets implying significant upside.Read More

The Indian rupee weakened significantly on Tuesday, closing at 94.54 against the US dollar. Rising oil prices and strong dollar demand from importers pressured the currency. Traders noted the Reserve Bank of India likely intervened to curb further losses. Elevated oil prices and global trade uncertainties are creating a negative sentiment for the rupee.Read More

Reliance Industries has achieved a historic milestone. The company has become the first Indian firm to report an annual net profit exceeding $10 billion. This significant financial achievement underscores Reliance’s immense growth and market dominance. The oil-to-retail giant’s performance surpasses the combined profits of major IT companies, highlighting its exceptional financial strength.Read More

India’s top company rankings show stability at the very top. Reliance Industries remains the most valuable. HDFC Bank has overtaken Tata Consultancy Services. Bharti Airtel is a significant gainer, entering the top tier. Infosys has seen a decline in its ranking. ICICI Bank is consistent. State Bank of India shows upward trends with volatility.Read More