SBI in talks with Japanese lenders for M&A financing
State Bank of India is exploring partnerships with Japanese banks for merger and acquisition financing. New regulations permit Indian banks to fund up to 75% of domestic M&A deals. SBI chairman CS Setty indicated ongoing discussions with lenders active in this sector. The bank expects board approval soon for its M&A financing policy.
Global Markets | Europe’s STOXX 600 hits record after US Supreme Court strikes down Trump tariffs
Europe’s STOXX 600 reached a record high, boosted by the U.S. Supreme Court’s decision to strike down President Trump’s tariffs. Investors welcomed the ruling, which eased trade uncertainty, while strong corporate earnings and a rebound in manufacturing also contributed to market gains. Luxury and banking sectors saw significant increases.
Dollar dips after Supreme Court rules against Trump’s tariffs
The US dollar saw a dip on Friday. This followed a Supreme Court decision against President Trump’s tariffs. US economic growth slowed last quarter. Inflation, however, showed a rise. The dollar index weakened against other currencies. Sterling and the Japanese yen also saw movements. Market expectations for Federal Reserve rate cuts were slightly impacted.
Wall Street Week Ahead: Nvidia, software reports pose next tests for AI-sensitive stock market
Investors await Nvidia’s financial results next week. The AI bellwether’s report is key to steadying a U.S. stock market concerned about artificial intelligence. Other tech companies also report earnings. Software firms face AI disruption worries. Nvidia’s forecast and CEO’s comments will guide the AI ecosystem. Investors also watch President Trump’s State of the Union speech.
Brent rises late, settles higher and with weekly gain on Iran-US jitters
Brent crude prices saw a late-day surge due to short-covering as investors reacted to escalating U.S.-Iran tensions over nuclear weapon development. Despite this, both Brent and WTI futures experienced weekly gains, with traders betting on higher prices amidst concerns over potential supply disruptions in the Strait of Hormuz.
Gold gains over 1% on soft US data, Trump’s fresh tariff move
Gold prices surged over 1% as weaker U.S. GDP data and President Trump’s announcement of new global tariffs fueled investor uncertainty. Despite a Supreme Court ruling against his previous tariffs, analysts predict continued volatility, supporting gold’s safe-haven appeal. Economic slowdown and persistent inflation further bolster demand for the precious metal.