Asian stocks are hovering near record highs. Investors await key US jobs data. Weak retail sales have increased expectations for Federal Reserve rate cuts this year. Treasury futures are holding gains. Gold prices are edging up. The US jobs report and inflation figures will provide clues on future rate paths. Tech firms’ AI spending is a concern.
Preferential allotment likely in PFC-REC merger to help Centre retain majority stake and government company status
The government is on the brink of a historic merger between Power Finance Corp and REC, with plans for preferential share allocation to retain public