News

The RBI cut the repo rate by 50 basis points to 5.5%, turning its stance neutral amid signs of easing inflation. Indian equity markets rebounded, with Nifty Bank hitting a record high.

Rate-sensitive sectors like autos and financials witnessed mild selling pressure.

Earnings from high-profile chip maker Broadcom elicited negative stock reaction, portending a potential hit to the sector in Friday’s session.

The CEO said he sees stablecoins as a practical tool beyond cryptocurrency’s historical use.

The Fed has never been politically independent of the U.S. government, and it has enthusiastically helped fund the U.S. government both in wartime and in peacetime. 

XAU/USD extends losses on risk-on mood despite weak US data and rising Fed cut speculation.

China trade and inflation data are set for release next week.

Waldron said in a podcast that Goldman Sachs is absorbing a “lot of risk” from its clients, but wherever possible, it is paring risks and staying “a bit closer to home.”

Hotel franchisor Choice Hotels (NYSE:CHH) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $332.9 million. Its non-GAAP EPS of $1.34 per share was 2% below analysts’ consensus estimates.

The Fed official stated that disinflation has slowed, and the effects of higher tariffs are expected to continue raising inflation in 2025.

Gold continues its bullish climb, driven by economic uncertainty, Trump’s Fed pressure, weak US job data, and rising central bank demand.

The report reeks of stagflation, defined as rising prices and recession simultaneously.

Silver prices surge on weak US data, trade tensions, and dovish Fed expectations. iShares Silver Trust up 16% YTD, silver miners rising. Bullish outlook.

The ECB has cut interest rates once again, bringing the deposit rate to 2%, from 2.25%.

Futures point to equities moving higher when the US stock market opens later this morning.

The EUR/USD exchange rate will be in the spotlight in the next two days as the European Central Bank delivers its interest rate decision and the US publishes the latest nonfarm payrolls data.

Household products company Spectrum Brands (NYSE:SPB) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6% year on year to $675.7 million. Its non-GAAP EPS of $0.68 per share was 50.7% below analysts’ consensus estimates.

The ECB acknowledged that global trade tensions are likely to weigh on investment and exports in the near term.