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US central bank officials discussed rising inflation at their recent meeting. Most participants saw inflation falling on its own, but some favored immediate rate hikes. The committee ultimately decided to keep interest rates steady for now. Policymakers also considered shortening the policy statement and ending forward guidance. New projections indicated a growing sentiment for a…
Despite a generally positive long-term outlook on gold, brokerages are adjusting their near-term expectations downward. Bank of America has notably decreased its average gold forecast for 2026 by fourteen percent. Similarly, JPMorgan is indicating that risks to its gold predictions appear to trend negatively. Analysts are presenting a wide range of price targets for gold,…
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Palantir shares fell over 4% as investors sold high-valuation AI software stocks amid concerns over slower-than-expected AI adoption. Weak broader markets, insider selling, and bearish bets by Michael Burry added to pressure, signalling a wider rotation away from expensive technology stocks lacking clear near-term growth justification.
SBI Funds Management has filed its red herring prospectus for an IPO comprising only an offer for sale by SBI and Amundi India Holding. The listing will offer investors exposure to India’s fast-growing mutual fund industry without raising fresh capital.
Indian markets declined sharply as rising crude prices, higher bond yields and renewed West Asia tensions hurt sentiment. Technical analysts recommended Alkyl Amines Chemicals and Ather Energy, citing bullish trends, strong momentum and favourable technical indicators.
Broadcom shares gained after Apple announced a multi-year chip supply agreement exceeding $30 billion. The deal expands US manufacturing, strengthens Broadcom’s custom silicon business through 2031 and supports Apple’s strategy to build a domestic semiconductor supply chain.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Wall Street opened lower after Trump said the Iran deal was over, triggering a risk-off sentiment globally. Rising oil prices added pressure on equities, with Dow, S&P 500 and Nasdaq slipping at the open as investors reacted to geopolitical uncertainty and potential inflation risks.
HSBC has reassessed its position on emerging markets equities, shifting to an ‘overweight’ stance due to rising volatility in Asian markets and ongoing concerns about AI-related expenditures. South Korean stocks have notably suffered, dipping into bear market conditions. Investors are growing wary of the sustainability of AI investments backed by debt. Meanwhile, HSBC has raised…