Global Market: European shares edge lower as earnings, M&A activity offset by Middle East tensions

European shares traded slightly lower as investors assessed corporate earnings and merger news. Geopolitical tensions in the Middle East kept energy inflation concerns in focus for markets. Technology stocks showed mixed performance, with ASML and Publicis gaining on strong demand. ABB announced a significant acquisition, while Delivery Hero faced a takeover offer. Investor sentiment remained…

US Stock Market: Fed Beige Book signals improving economy as inflation eases, but fuel costs and tariffs remain risks

The US economy shows moderate expansion with improving employment figures. Inflation is easing across Federal Reserve districts, though fuel costs remain a concern. Businesses anticipate continued growth while facing elevated input expenses. The labor market remains resilient without generating excessive wage pressures. Geopolitical developments and tariffs continue to shape the economic outlook.

SWREL Q1 profit grows 38% to over Rs 53 crore

Sterling and Wilson Renewable Energy reported a 38 percent net profit increase. This growth occurred in the June quarter, supported by reduced expenses. The company’s total income saw a decrease during the April-June period. However, Sterling and Wilson Renewable Energy achieved its highest-ever unexecuted order value. This strong order book reflects customer confidence and future…