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India's Growth Surprise to Favor Infrastructure and Consumer Stocks
India's Growth Surprise to Favor Infrastructure and Consumer Stocks

Bloomberg

time3 days ago

  • Business
  • Bloomberg

India's Growth Surprise to Favor Infrastructure and Consumer Stocks

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Savio Shetty, an equities reporter in Mumbai. India's stronger-than-expected GDP print is likely to boost market sentiment, confirming that the economic slowdown has been arrested. Nifty futures point to a mildly positive opening, despite weakness across Asia, as tariff-related concerns persist. All eyes will be on the central bank's monetary policy on Friday and high-frequency economic indicators like PMI.

European shares rise as Trumps signals 'major' trade deal
European shares rise as Trumps signals 'major' trade deal

Yahoo

time08-05-2025

  • Business
  • Yahoo

European shares rise as Trumps signals 'major' trade deal

(Reuters) -European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment. The pan-European STOXX 600 index was up 0.3%, as of 0707 GMT. Other regional indexes were also trading in positive territory, except for Spain, which fell 0.4%. Trump posted on Truth Social that he will hold a news conference later in the day about a "major trade deal with representatives of a big, and highly respected, country". Citing three people familiar with the plans, the New York Times reported on Wednesday that the deal could be with Britain. This comes ahead of potential ice-breaker talks between Washington and Beijing trade tsars this weekend, that have firmed hopes for de-escalation in trade tensions between the world's two leading economies. Overnight, in a widely expected decision, the Federal Reserve held its interest rates steady, with the U.S. central bank flagging that the risks of higher inflation and unemployment had risen. Markets are also closely watching the Bank of England's policy meeting, due later in the day, with expectations for a quarter-point rate cut. Separately, Trump's administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, said a spokeswoman for the U.S. Department of Commerce. Shares of A.P. Moller-Maersk fell 2.1% after the shipping group lowered its global container market forecast for this year due to increased economic and geopolitical uncertainty, although it left its profit outlook unchanged. Anheuser-Busch InBev rose 4.2% after the beer brewer reported a nearly 8% rise in first-quarter operating profit, beating analysts' estimate by more than double. (Reporting by Sukriti Gupta in Bengaluru; Editing by Sherry Jacob-Phillips)

European shares rise as Trumps signals 'major' trade deal
European shares rise as Trumps signals 'major' trade deal

Reuters

time08-05-2025

  • Business
  • Reuters

European shares rise as Trumps signals 'major' trade deal

May 8 (Reuters) - European shares climbed on Thursday after U.S. President Donald Trump signalled progress toward a first trade deal in his global tariff dispute, boosting market sentiment. The pan-European STOXX 600 index (.STOXX), opens new tab was up 0.3%, as of 0707 GMT. Other regional indexes were also trading in positive territory, except for Spain (.IBEX), opens new tab, which fell 0.4%. here. Trump posted on Truth Social that he will hold a news conference later in the day about a "major trade deal with representatives of a big, and highly respected, country". Citing three people familiar with the plans, the New York Times reported on Wednesday that the deal could be with Britain. This comes ahead of potential ice-breaker talks between Washington and Beijing trade tsars this weekend, that have firmed hopes for de-escalation in trade tensions between the world's two leading economies. Overnight, in a widely expected decision, the Federal Reserve held its interest rates steady, with the U.S. central bank flagging that the risks of higher inflation and unemployment had risen. Markets are also closely watching the Bank of England's policy meeting, due later in the day, with expectations for a quarter-point rate cut. Separately, Trump's administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, said a spokeswoman for the U.S. Department of Commerce. Shares of A.P. Moller-Maersk ( opens new tab fell 2.1% after the shipping group lowered its global container market forecast for this year due to increased economic and geopolitical uncertainty, although it left its profit outlook unchanged. Anheuser-Busch InBev ( opens new tab rose 4.2% after the beer brewer reported a nearly 8% rise in first-quarter operating profit, beating analysts' estimate by more than double.

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