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Tesla shares recouped some losses triggered by a spat between CEO Elon Musk and U.S. President Donald Trump, although a truce appeared uncertain on Friday as a White House official said the president was not keen on talking to his former ally. The stock rose 4% after a steep fall in the previous session that…
Wall Street was lower on Friday though global equities were still poised for weekly gains, as upbeat earnings helped sustain the rally sparked by a U.S.-China trade truce. Oil prices remain relatively low, further supporting stocks and bonds. U.S. consumer sentiment slumped further in May as one-year inflation expectations surged as households remained concerned about…
Nomura Holdings Inc. strategists upgraded Chinese stocks to a ‘tactical overweight,’ saying the trade truce between the US and China is a significant positive for the Asian nation’s equities. “These developments should reduce the US-China geopolitical risk premium that has been associated with China stocks,” strategists led by Chetan Seth wrote in a note Tuesday….
48 stocks hit 52-week lows, 110 stocks at 52-week highs as Sensex, Nifty 50 end higher over 3% on India-Pakistan truce
In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most nations (excluding China)…