Global financial markets are experiencing a risk-off shift driven by rising sovereign bond yields, impacting equities and commodities. Market strategist Laurence Balanco notes that bond yields, not oil, are now the primary risk signal, tightening liquidity and pressuring risk assets. This trend is particularly evident in technology and semiconductors, with potential downside risks emerging as yield momentum continues.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.