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Japan’s Topix share gauge reached a record high, the yen weakened and longer-dated bonds slid on Monday after Prime Minister Shigeru Ishiba’s resignation stoked speculation that his successor will raise government spending.
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European shares edged higher on Monday in a buoyant start to an event-filled week that is likely to be dominated by political uncertainty in France, which is all but certain to start looking for its fifth prime minister in three years.
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Japan’s stressed government bond market and soaring stocks are set for more volatility on Monday after the resignation of fiscal hawk Prime Minister Shigeru Ishiba.
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Netweb Technologies shares surged 50% in six sessions to hit a record high, driven by a Rs 1,734 crore sovereign AI order, upbeat AGM outlook, robust Q1 earnings, and bullish technical signals. The stock has nearly doubled in the past six months.
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Indian stock market analysts suggest a positive outlook for the week, fueled by GST benefits and the approaching festive season. Brokerages recommend buying shares of Arisinfra Solutions, Navin Fluorine, Nykaa, and RIL. Further recommendations include IREDA and Power Grid, citing recent gains and project wins.
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