Asian markets are rising with Wall Street. Investors anticipate interest rate cuts from the US Federal Reserve. This optimism is boosting global stocks. Money markets now expect multiple rate reductions. Recent US economic data shows mixed signals but supports the Fed’s potential easing. Bitcoin also saw a significant jump.
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.