Telegram Web Link
Indian officials are in the US, led by chief negotiator Rajesh Agarwal, for trade deal talks aimed at bridging differences. Agriculture is a key sticking point, with India hesitant to lower tariffs on sensitive items like maize and soybean due to the prevalence of genetically modified crops in the US.
The US economy contracted by 0.5% in the first quarter of 2025, primarily due to a surge in imports spurred by President Trump's trade war. This import surge, up 37.9%, significantly dragged down GDP, marking the first quarterly decline in three years. Despite the downturn, economists anticipate a rebound in the second quarter, projecting a 3% growth.
US stocks opened positively on Thursday, nearing record highs, with the S&P 500 leading the charge. McCormick's shares jumped following strong earnings and a positive outlook. Nvidia's gains continued, making it the most valuable US company. Despite a contraction in the US economy, optimism remains due to anticipated growth.
Zohran Mamdani's unexpected rise in the New York mayoral race is causing unease on Wall Street, with concerns about increased taxes and potential exodus of wealthy residents. His populist policies and social media savvy have garnered significant support, contrasting with establishment backing for his opponent. The election's outcome could significantly impact the city's financial landscape and future.
US President Donald Trump hinted at a significant trade deal with India, following a recent agreement with China. Negotiations are underway in Washington, led by Chief Negotiator Rajesh Agarwal, aiming to bridge gaps in the proposed bilateral agreement.
Stock market recommendations: Bajaj Broking Research suggests a bullish outlook for the Indian stock market, highlighting Tata Steel and Lloyds Engineering Works as top picks. Nifty is expected to reach 25,700-25,900, while Bank Nifty aims for 58,500, driven by positive market breadth and technical breakouts.
2025/06/27 20:05:36
Back to Top
HTML Embed Code: