US dollar heads for first monthly gain since October

The U.S. dollar is poised for its first monthly gain since October, despite a midday retreat from earlier highs. Hotter-than-expected producer price data initially boosted the greenback, but traders squared positions ahead of month-end and the weekend. Geopolitical uncertainty and expectations of Fed rate cuts are also influencing currency movements.

Opportunities in smallcap and midcap stocks increasing: WhiteOak’s Trupti Agrawal

WhiteOak Capital’s Trupti Agrawal says stabilising earnings and normalised valuations have improved risk-reward in broader markets. Small and mid caps, after sharp corrections, offer selective alpha as fundamentals hold up. Private financials, consumer discretionary and healthcare remain promising from a bottom-up perspective.

European shares close eighth month of gains on earnings lift; credit fears hit banks

European shares hit a record high, marking their longest monthly winning streak since 2012-2013, buoyed by positive corporate updates. However, heavyweight banks experienced a significant decline due to concerns over private credit markets and potential AI disruptions. Defensive sectors like healthcare and food and beverage saw gains as investors sought stability.

Oil prices rise more than 2% as US and Iran extend talks

Oil prices climbed on Friday as traders anticipated supply disruptions. Nuclear talks between the United States and Iran have yet to reach an agreement. Brent crude futures settled at $72.48 a barrel, and U.S. West Texas Intermediate crude finished at $67.02 a barrel. Both benchmarks are on track for weekly gains. Uncertainty prevails, with fear […]