Upcoming inflation data and initial company earnings will reveal the Middle East war’s impact on the U.S. economy and corporations. Investors are closely watching oil prices and their effect on inflation, with the S&P 500 previously struggling due to the conflict. Strong corporate profits are hoped to support stocks despite these concerns.
RBI likely to keep status quo on policy rate as threats loom
A majority of economists polled by ET predict the Reserve Bank of India will hold its policy rate steady at the upcoming June meeting. This