Over the weekend, leaders from major European economies agreed to increase defense spending, aiming to bolster the continent’s ability to protect itself amid uncertainty over US NATO commitments.
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
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