The MSCI Asia Pacific Index opened 0.4% higher on Thursday as traders bet a de-escalation of the Middle East conflict will ease oil prices and lift economic growth. That was after the S&P 500 and Nasdaq 100 indexes both closed at record highs, with Bank of America Corp. and Morgan Stanley leading financials higher after stronger-than-expected revenue.Read More
In today’s trade, shares of Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M among others will be in focus due to various news developments and fourth quarter results.Read More
US stocks surged to record highs as the S&P 500 and Nasdaq rallied on strong corporate earnings and hopes of progress in US-Iran negotiations. Investors are betting on reduced geopolitical risk despite ongoing sanctions and tensions. Financial stocks led gains, while volatility dropped to its lowest level since February.Read More
US Federal Reserve Beige Book shows economic activity and employment remain steady, but rising energy prices driven by the Iran conflict are creating uncertainty. Businesses are delaying investment and hiring decisions, while inflation pressures persist due to higher fuel and input costs, even as wage growth remains muted overall.Read More
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies, delivering strong returns and shaping global investment strategies worldwide.Read More
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