US markets were largely steady in intraday trade, with the Dow Jones Industrial Average moving little as oil prices held above $70 per barrel. However…
1/9US Markets | The Dow Jones Industrial Average was largely unchanged on Tuesday as oil prices held above $70 per barrel. The Dow Jones Industrial Average rose 53 points, or 0.1%, while the S&P 500 gained 0.2%. The Nasdaq Composite advanced 0.5%.
2/9US-Iran Talks| Iran’s Foreign Ministry spokesperson said Tehran has no plans to hold talks with the United States at any level in the coming days, dismissing any suggestion of a change in its position. The spokesperson said discussions scheduled in Doha will instead focus with Qatari officials on implementing provisions of the memorandum of understanding, including the release of Iran’s frozen assets. Tehran added that preparations for implementing the agreement are underway and expressed hope the process would move forward smoothly.
3/9Fiscal deficit| India’s fiscal deficit widened to ₹1.62 lakh crore during April-May of FY27, compared with ₹13,200 crore in the corresponding period last year, according to data released by the Controller General of Accounts (CGA). Capital expenditure during the first two months of the financial year rose to ₹2.51 lakh crore from ₹2.21 lakh crore a year earlier.
4/9Finance Ministry June Monthly Economic Review | The Finance Ministry has said inflation is likely to remain relatively contained in the coming months, with easing global commodity prices, moderating imported inflation and the cessation of the conflict in West Asia improving the outlook for growth while reducing inflation and external deficit risks.
5/9RBI FSR Report | The Reserve Bank of India (RBI) has said pressure on the rupee, which intensified during the recent West Asia conflict, is beginning to show signs of easing, while cautioning that the rapid expansion of gold-backed lending requires continued monitoring amid elevated price volatility.
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6/9Kotak Mahindra Bank | Private lender said it has signed a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, private banking and wealth management business in India on a slump sale basis. The transaction covers Deutsche Bank’s India consumer banking business, comprising retail banking, private banking and wealth management operations, and is subject to regulatory approvals and other conditions specified in the agreement.
7/9US Consumer Confidence | US consumer confidence edged up in June, as falling gas prices offset concerns about the labour market. The Conference Board’s gauge of confidence increased 0.6 point to 91.2 after a downward revision to the prior month, data released Tuesday showed. The median estimate in a Bloomberg survey of economists was 94.4.
8/9US job openings | US job openings were little changed in May, suggesting labour demand remains stable alongside a recent pickup in payroll growth. Available positions ticked up to 7.59 million last month, slightly above the revised April level, according to Bureau of Labour Statistics data out Tuesday. The median estimate in a Bloomberg survey of economists called for 7.3 million openings.
9/9June Auto Sales | India’s automobile industry is expected to post another month of healthy wholesale growth in June, with passenger vehicles and two-wheelers continuing to lead the recovery, while commercial vehicles and tractors are also likely to report steady gains. According to estimates, passenger vehicle sales are expected to grow 26% year-on-year, while two-wheeler dispatches are seen rising 18%.
