Gold prices saw a slight dip but stayed close to record levels. Investors are watching for the U.S. Federal Reserve's interest rate decision. Market anticipates potential rate cuts. MCX gold futures experienced a minor decrease. Silver futures witnessed a more significant drop. Globally, the dollar weakened as markets await the Fed's move. Focus is on Fed Chair Jerome Powell's comments.
Equirus Wealth's Ankur Punj advises investors to focus on disciplined asset allocation and consistent SIPs for long-term wealth creation, despite market volatility. He highlights GST reforms' potential to boost consumption and corporate earnings. Punj also suggests blending growth and value stocks, emphasizing that patience and diversification are key to successful investing.
Edelweiss Mutual Fund's Trideep Bhattacharya sees GST reforms as a major catalyst for Indian equities in 2025, potentially triggering an earnings upgrade cycle. He favors autos, consumption, and NBFCs to drive market growth. While cautious in the near term, he suggests a 'buy on declines' strategy, highlighting India as a contrarian investment idea.
Britain is preparing a grand royal welcome for Donald Trump's visit. King Charles will host Trump at Windsor Castle. There will be a carriage ride, flypast, and state dinner. Security will be tight due to protests. The visit includes military ceremonies and a meeting with Prime Minister Keir Starmer. Discussions may cover tariffs, Ukraine, and Gaza.
The U.S. dollar weakened against the euro and yen as markets anticipated a Federal Reserve interest rate cut. Traders have fully priced in a 25 basis point cut, with focus on Chair Powell's comments for future easing pace. The market is also watching to see if policymakers considered a larger 50 bps cut.
Oil prices remained stable after a previous increase due to drone attacks on Russian ports and refineries. Traders are anticipating a U.S. Federal Reserve rate cut, while also monitoring potential disruptions to Russian oil supply and the European Commission's plans to reduce reliance on Russian fossil fuels. U.S.
As Utah prepares for court proceedings that could result in the states most high-profile capital case in years, the broader debate over political extremism and violence in America is likely to intensify further.
