On Thursday, Indian markets opened on a high note, buoyed by positive reactions to corporate earnings and global political dynamics. The announcement of a pivotal meeting between US President Donald Trump and Chinese President Xi Jinping alleviated concerns over trade disputes. Strong performances from key companies further fueled market optimism, with energy sectors benefiting from a hike in oil prices.Read More
Fresh US sanctions on Russia’s top oil firms over the Ukraine war are fueling supply worries, pushing crude futures towards a weekly gain. Chinese and Indian buyers are reportedly cutting Russian oil imports. However, OPEC’s spare capacity and upcoming US-China trade talks are tempering a one-sided rally, with analysts predicting price stability.Read More
The US dollar held steady as investors awaited inflation data, with a rate cut expected next week. Meanwhile, the yen weakened on inflation concerns, while the upcoming Trump-Xi meeting offered little hope for trade war resolution. New sanctions on Russian oil giants impacted currencies, and Japan’s new PM’s stimulus plans may delay a Bank of Japan rate hike.Read More
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