US stock futures edged higher despite President Trump’s threat of a 100% tariff on chip imports, with exemptions for companies relocating production to the US. The tariff announcement injected volatility, overshadowing positive sentiment fueled by expectations of a Federal Reserve rate cut. Trump also plans meetings with Putin and Zelenskiy while imposing tariffs on Indian goods.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next