The 'bliss' trade, fueled by government and central bank support, suggests global markets may be immune to crashes. However, this creates moral hazard, potentially encouraging risky behavior among executives and making markets vulnerable to unexpected shocks despite recent gains.
Wall Street's 'bliss' trade, fueled by government and central bank support, suggests a never-ending run of gains, benefiting Australian superannuation. However, this concept raises concerns about moral hazard and the potential for future market collapse.
Jio Platforms, Reliance Industries' digital arm, has filed draft papers with SEBI for an IPO aiming to raise up to $4 billion, potentially India's largest stock listing. Proceeds will be used to retire debt, with the offering expected to reshape the Indian IPO market.
Global stock markets are generating significant wealth for investors, with Ed Yardeni raising his S&P 500 target. US companies report strong profits driven by AI and consumer giants. However, doomsayers point to slowing global GDP growth, rising oil prices, and high debt levels as potential risks.
Elon Musk's SpaceX IPO has sparked widespread concern among Americans about their retirement savings being tied to AI-driven companies. Many fear market instability, widening inequality, and a lack of accountability from tech giants.
President Lee calls for constitutional amendment to reform election watchdog amid ballot shortage issues; NEC panel recommends criminal probe into ex-chief; Seoul stocks dip after 6-day rise; S. Korea loses to Mexico in World Cup; Government to replace heads of two public firms.
Asian stock markets rallied Friday as a peace deal reopened the Strait of Hormuz, lowering oil prices and easing inflation fears. Japan's Nikkei hit a record high, while South Korea's index surged, though analysts warn of future transit fees.
Indian equity benchmarks Nifty50 and BSE Sensex fell on Friday, ending a five-day winning streak. The decline was primarily driven by a sharp crash in IT sector stocks, influenced by global sentiment, Accenture's lowered revenue forecast, FII selling, profit-taking, and lingering Middle East concerns.
MSCI has again warned of transparency issues in Indonesia's market, citing opaque shareholding structures and coordinated trading. This follows a previous caution that caused stocks to tumble, with the Jakarta Composite Index losing nearly 30% year-to-date.
President Trump awarded military honors while commenting on the stock market, calling oil prices "dropping like a rock." He also referred to Defense Secretary Pete Hegseth as "Secretary of War" and noted his own inability to award himself the medal.
Intertek's £10bn takeover by EQT-led consortium, while not a landmark event, highlights London's market issues. It's the third FTSE 100 company taken over this year, with few new listings.
Iran's currency has gained over 15% against the US dollar and its stock market hit record highs following a US-Iran understanding. However, Iranians still face high prices for basic goods due to inflation and sanctions, with economic relief yet to reach households.
Indonesian assets have seen a sharp sell-off, with social media users creating a 'Sell Indonesia' narrative. Some users accuse Singapore of benefiting from this negative sentiment, leading to a counter-hashtag #SellSingapore.
While the US stock market has doubled since 2020, many American families face economic hardship. Rising costs for cooling homes, credit card debt, and utility bills strain household budgets, contrasting with the perceived success of the wealthy.
The Russian stock market experienced a decline at the start of the main trading session on June 18, with MOEX and RTS indices falling by 0.8%. The yuan exchange rate also saw an increase against the ruble.
Aakash K Hindocha of Nuvama Wealth Management recommends buying Bharat Electronics Ltd, Canara Bank, and TVS Motor Company on June 15, 2026. The report details technical outlooks, buy/stop loss/target levels, and market trends, noting the BSE market cap exceeding $5 trillion.
US stock markets fell Wednesday after the Federal Reserve kept interest rates unchanged but signaled a possible hike by year-end. The Fed cited economic expansion despite Middle East conflict uncertainty and elevated inflation, with nine members projecting at least one rate increase.
The S&P 500 fell 1.2% and the Dow dropped 500 points on the first "Fed day" under new Federal Reserve Chairman Kevin Warsh, marking the worst performance for the index on such a day since 1994. Investors interpreted Warsh's focus on price stability as a signal against anticipated interest rate cuts.
Jim Cramer discusses the stock market's tug-of-war between passion and rigor. He argues that while rigor is essential, a degree of passion is needed to maximize returns, advocating for a mix, perhaps four-fifths rigor and one-fifth passion, to navigate a high-strung market.
The Indonesian rupiah recovered from a historic low, trading at 17,762 to the US dollar. The Indonesia Composite Index also rallied 5% after significant market turbulence. Analysts attribute the recovery to Bank Indonesia's aggressive monetary policy, including rate hikes.
Kingboard Holdings will sell 155 million shares in Kingboard Laminates at a discount, aiming to expand business and production capacity to meet surging demand. The deal is expected to close on June 22.
Reliance Jio is reportedly close to filing draft papers for its $4 billion IPO, potentially becoming one of India's largest public issues. The move follows discussions on valuation and a shift to a fresh issue, with proceeds directed to Jio for expansion.
SpaceX has overtaken Amazon as the world's fifth-most valuable company after its stock market debut, with a valuation reaching $2.97tn. The company also announced its agreement to acquire AI coding startup Cursor for $60bn to enhance its AI capabilities.
SpaceX has surpassed Amazon in market capitalization, becoming the world's fifth most valuable company after its stock market debut. The company also announced its intent to acquire AI coding app startup Cursor for $60bn, aiming to enhance its AI capabilities.
