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Amidst trade tensions with the US, China has strategically shifted its export focus, increasing shipments to India, the EU, and ASEAN. While China's overall exports saw a moderate rise, exports to the US significantly declined, offset by growth in other markets.
Central banks worldwide are increasingly favouring gold amid global economic uncertainties, according to a World Gold Council survey. A significant 95% of reserve managers anticipate further growth in central bank gold reserves, the highest since 2019. Emerging markets drive this trend, prioritizing gold for its value preservation and performance during instability.
Global stock markets experienced a downturn, and oil prices surged due to Israel's evacuation warning in Tehran, heightening fears of a broader regional conflict. European and Asian equities declined, while US futures pointed lower amidst investor anxiety. The Bank of Japan acknowledged economic uncertainties, and investors remained watchful of trade tensions and the upcoming US Federal Reserve meeting.
Reserve Bank of India will reissue government securities for Rs 27,000 crore. This move aims to manage the Centre's market borrowings. The auction is scheduled for June 20. RBI will reissue two tranches of government securities. These include securities maturing in 2029 and 2054. The auction will be conducted through the E-Kuber system.
India's stringent toy safety standards, enforced since 2021, have demonstrably improved product safety and reduced consumer complaints, according to the Bureau of Indian Standards (BIS). These norms, exceeding global benchmarks, ensure toys are free from hazards and toxic materials.
Silver futures reached a record high, driven by strong global cues and optimism from China's retail data, while gold prices corrected due to profit-taking and easing tensions in West Asia. Silver is consolidating gains with potential to rise further, supported by geopolitical uncertainty and inflationary pressures. Gold prices fell as traders assessed the likelihood of a full-scale regional war.
The NSE and BSE are set to swap their weekly derivatives expiry days starting September 1, 2025, following Sebi's approval. NSE will shift to Tuesday expiries, while BSE will move to Thursday. This change aligns with Sebi's directive to standardize equity derivatives expiries, avoiding congestion at the week's start or end.
2025/07/10 22:22:09
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