The U.S. Federal Reserve may have kept interest rates steady, but Chair Jerome Powell had some sobering words at his latest press conference — especially about tariffs and their delayed impact on inflation. “Everyone I know expects inflation to rise meaningfully in the coming months due to tariffs. Somebody has to pay for them, and it often ends up being the consumer,” Powell warned. Despite strong recent data — like 139,000 jobs added in May,
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Asia-Pacific markets saw mixed trading on Wednesday (June 18) as heightened geopolitical tensions between Iran and Israel, along with a looming U.S. interest rate decision, kept investors on edge. Geopolitical Risks Weigh on Sentiment Concerns deepened after former U.S. President Donald Trump reportedly considered a military strike on Iran, according to NBC News. Trump also posted on Truth Social, demanding “UNCONDITIONAL SURRENDER!” from Iranian Supreme Leader Ayatollah Ali Khamenei—a move that spurred fears of greater
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Gold prices remained largely unchanged on Wednesday, June 18, as investors adopted a cautious stance ahead of the US Federal Reserve’s key policy announcement. A mix of geopolitical uncertainty and soft US economic indicators kept bullion prices in a narrow range globally, while domestic markets saw a mild correction. Gold Holds Ground in Global Markets In the international market: Spot gold held steady at $3,388.04 an ounce (as of 03:41 GMT) US gold futures traded
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BSE Ltd witnessed a sharp drop of up to 6.1%, hitting an intraday low of ₹2,500 on the National Stock Exchange, following regulatory changes by SEBI regarding expiry day scheduling for derivatives. However, the stock rebounded shortly after the dip. Why Did BSE Shares Fall? The decline came after SEBI approved the proposal to change BSE’s F&O expiry day to Thursday, aligning it with global market norms. Meanwhile, NSE has secured Tuesday as its expiry
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Indian defence stocks surged on June 17 as the conflict between Israel and Iran intensified, fuelling expectations of increased global and domestic defence spending. The Nifty Defence Index climbed over 1.3% to hover around 8,982, with major gainers including Mazagon Dock Shipbuilders, Data Patterns, and Bharat Dynamics. This latest upmove extends a period of heightened investor interest in the defence sector, sparked initially by India’s ‘Operation Sindoor’—a targeted military operation against terror outfits in Pakistan
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