???? Indian Economy & Markets
Strong Market Opening Anticipated: Indian equities are expected to have a strong opening today. GIFT Nifty futures rose 203 points at 24,372 as of 7:15 AM IST, supported by upbeat global cues and de-escalating trade tensions between the U.S. and China.
Business & Finance News
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Business & Finance News
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IMF Lowers India's Growth Forecast: The International Monetary Fund (IMF) has lowered India's growth estimate for FY2025–26 to 6.2% from 6.5%, attributing this to global trade uncertainty and U.S. tariff policy.
Reuters
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The Indian Express
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AP News
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Corporate Earnings in Focus: A few Indian firms, such as LTIMindtree, Bajaj Housing Finance, and Persistent Systems, are to announce their Q4 FY2025 earnings today.
TradingView
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Business & Finance News
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???? Global Markets & Trade
Asian markets bounce back: Asian stock market recovered after it was shown U.S. President Donald Trump signaled willingness to scale back tariffs imposed on Chinese goods and assured that he would not fire Federal Reserve Chairman Jerome Powell. Japan's Nikkei increased 2.3%, South Korea's index increased by 1.2%, while the MSCI Asia-Pacific (excluding Japan) index gained 0.3%.
Reuters
IMF Reduces Global Growth Outlook: The IMF has reduced the global growth prediction for 2025 to 2.8%, from a previous 3.3%, because of U.S. tariffs and ensuing trade tensions. U.S. growth was lowered to 1.8%, while China's to 4%.
Reuters
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Investopedia
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AP News
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U.S. Policy Developments: President Trump declared intentions to "substantially" lower tariffs on Chinese imports, initially at 145%, showing a softer approach toward China. He also assured that Federal Reserve Chairman Jerome Powell will continue in his role, alleviating investor worries regarding central bank autonomy.
Business & Finance News
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The Guardian
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Be Invested. Trade globally online.
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????️ Commodities & Currencies
Oil Prices Inch Up: Oil prices edged up following President Trump's remarks in favor of Federal Reserve Chair Powell, which stabilizing market sentiment.
Gold Declines Slightly: Prices of gold retreated slightly from recent highs due to profit-taking despite continued global economic uncertainty.
Reuters
U.S. Dollar Strengthens: The U.S. dollar appreciated against major currencies, including the yen, Swiss franc, and euro, as investor confidence improved following policy reassurances from the Trump administration.
Reuters
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