The European Central Bank plans to launch a digital euro in 2029, extending preparatory work after the current phase concludes. Officials will decide this week to proceed, contingent on a legal framework. Disagreements among EU lawmakers, particularly from the European People’s Party, and concerns over US payment firm dominance are creating roadblocks.Read More

Supreme Industries’ shares dipped following a revised FY26 volume growth guidance to 12-14% due to a tepid first half. Temporary headwinds from prolonged monsoons and slower government spending impacted demand, particularly in the plastic piping business. Despite near-term challenges, the company anticipates stronger demand and a gradual revival in the latter half of FY26.Read More

Indian equities rebounded on Wednesday, fueled by optimism surrounding a potential India-US trade deal and anticipation of the US Federal Reserve’s policy decision. Analysts suggest that positive trade progress, upcoming earnings, and consistent FII inflows are likely to bolster near-term market sentiment.Read More

Federal Reserve Chair Jerome Powell indicated that a further interest rate cut in December is not guaranteed, citing “two-sided risks.” He revealed that committee members held “strongly differing views” on the path forward, emphasizing that a rate reduction is “far from a foregone conclusion.”Read More

The US Federal Reserve has lowered interest rates for the second time this year. This move aims to boost economic growth as the job market shows signs of slowing. Policymakers are closely watching inflation and job creation data. The decision comes amid political gridlock and patchy economic reports.Read More

US stocks experienced a sharp decline as Federal Reserve Chair Jerome Powell indicated that a December rate cut is not guaranteed. This statement followed a 25 bps rate cut announcement amidst concerns over a government shutdown impacting the economic outlook. Despite the broader market dip, Nvidia’s stock surged on significant AI chip orders and supercomputer...Read More

United States Treasury yields climbed on Wednesday. The Federal Reserve reduced interest rates by a quarter percentage point. It also announced it will restart limited purchases of Treasury securities. This action follows signs of scarce liquidity in money markets. The benchmark 10-year Treasury yield saw an increase. The two-year yield also rose following the Fed’s...Read More

Adidas CEO Bjorn Gulden stated US retailers are ordering less product upfront. This caution stems from uncertainty over President Donald Trump’s tariffs and their impact on shoppers. Widespread discounting is also evident. Adidas’ North American sales dipped 5% in the third quarter. The company is mitigating tariff impacts with price hikes and supply chain changes.Read More

Groww, a leading stockbroker, is reportedly planning to launch its Rs 6,800 crore IPO in early November, with a potential price range of Rs 95-100 per share. The offering includes a fresh issue and an offer for sale by investors and founders.Read More

Quess Corp reported a 3% year-on-year revenue increase to ₹3,832 crore in Q2FY26, with EBITDA reaching a record ₹77 crore, up 11%. Growth was primarily driven by the General Staffing segment, which added 21,000 employees, and strong performance in Professional Staffing, particularly in the GCC segment.Read More