Day: August 5, 2026

Mideast deal hopes; SpaceX, AMD earnings in focus – what’s moving markets

Sterling today: Pound holds above $1.34 as dollar stays firm on Fed hike risk

Stock market logged positive breadth for four straight months through July, signalling broad rally participation. However, historical data suggests similar prolonged stretches often lead to muted Sensex returns in the near term. 

While many blame overcrowding, poor civic sense, etc, for the sad shape of Indian cities, the basic problem lies in lack of local authority. Empowering city governments is the only durable solution to our urban crisis. One way or another, this must be achieved.

AMD shares fell nearly 9% in after-hours trading despite beating Q2 expectations with $11.54 billion revenue. Strong data center performance drove growth. Here’s why the stock fell. 

Air India Express is grappling with a difficult operating environment that has eroded profitability despite strong passenger demand.

Oil erased a decline as Yemen’s Houthi militant group issued a fresh threat against Middle East shipping, tempering optimism over US-Iran talks.

Ola Electric’s share price surged over 10% after signing an MoU with Axis Energy to develop 20 GWh of battery energy storage systems by 2032. The partnership demonstrates the demand for Ola Mahashakti, an energy storage platform expected to launch on August 15.

European gas prices steady near 3-week lows as traders weigh supply risks

Dollar hovers near 6-wk low amid Iran peace hopes; yen steadies after rebound