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.
Z.ai launched GLM-5.2, a powerful open-source AI model trained on Huawei Ascend chips, showing strong performance on benchmarks like FrontierSWE and SWE-bench Pro. The model boasts a 1 million-token context window and an MIT license, with competitive API pricing and potential for local deployment.
Treasury yields showed mixed movement Thursday after Kevin Warsh's initial Federal Reserve meeting. The 10-year yield was flat, the 2-year rose, and the 30-year fell. The Fed held rates steady, signaling potential future hikes and removing language favoring cuts, bolstering market confidence in Warsh's approach to inflation.
World shares saw mixed performance Thursday after the US and Iran signed an initial agreement to end hostilities, with Japan and South Korea's benchmarks hitting record highs. The deal includes Iran diluting uranium and waiving sanctions, allowing free oil sales. US futures rose, while oil prices fell.
South Korea's KOSPI index surpasses 9,000 points for the first time, driven by a technology rally led by Samsung Electronics and SK hynix, with the index soaring over 110% this year amid optimism over an interim US-Iran peace deal.
The US Federal Reserve, under new chair Kevin Warsh, maintained its key interest rate at 3.5%-3.75%. While economic activity is solid, inflation remains elevated. Policymakers largely anticipate at least one rate hike before year-end, and the Fed revised its inflation forecast higher, expecting it to stay above target until 2028.
Benchmark-StoneX reiterated a $270 price target for Coinbase (COIN), a 60% increase, following the company's unveiling of future products including tokenized equities and options trading. The firm sees Coinbase evolving into an "everything exchange" beyond crypto trading.
US Treasury yields edged higher Wednesday as investors awaited the first Fed policy meeting under new Chair Kevin Warsh. While rates are expected to hold steady, focus is on Warsh's communication and potential dovish signals, contrasting with 8 years under Jerome Powell. UK inflation eased slightly, causing gilt yields to fall.
The Federal Reserve kept benchmark interest rates unchanged, with new Chair Kevin Warsh signaling a possible rate hike due to inflation. Consumer prices rose 4.2% year-over-year in May, driven by energy costs from the U.S. war with Iran. Despite this, core inflation remains moderate, and the job market shows signs of improvement.
US Treasury yields declined Tuesday ahead of the Federal Reserve's policy meeting, with easing inflation and interest rate hike expectations. A provisional peace agreement between Washington and Tehran also contributed to the fall.
The Bank of Japan raised its benchmark interest rate to 1 percent, the highest since 1995, citing inflation risks from rising oil prices linked to the US-Israel war on Iran. This move signals a shift away from decades of ultra-loose monetary policy.
US Vice President JD Vance and several Republican senators voiced skepticism about a newly reached agreement with Iran, citing a lack of specifics and demanding more information before it is finalized. The deal reportedly involves reopening the Strait of Hormuz and financial incentives for Iran.
US stocks surged Monday, with the S&P 500 and Nasdaq hitting near all-time highs, driven by hopes that a tentative US-Iran deal will stabilize energy supply chains disrupted by the Strait of Hormuz conflict. Brent crude futures fell nearly 5%.
US stocks surged Monday on hopes that a tentative deal to end the US-Iran conflict will stabilize energy supply chains. The S&P 500 neared an all-time high, the Nasdaq jumped 3.1%, and the Dow closed at a record. Brent crude fell nearly 5%.
A Pax, antiga Paladium, lança plataforma de IA para segurança pública. A tecnologia organiza dados do mundo real para gerar pistas e alertas em tempo real, visando reduzir a violência e aumentar a eficiência policial na América Latina.
US and UK central banks are anticipated to maintain current interest rates this week. A recent Middle East peace deal is expected to reduce inflationary pressures, influencing these decisions. The Fed's new chair, Kevin Warsh, will be closely watched for his inflation outlook.
South Korea's COFIX, a benchmark for bank mortgage rates, rose 0.01 percentage points to 2.90% in May, marking the second consecutive monthly increase. This rise occurs despite the Bank of Korea holding its key rate steady, amid expectations of a future hike.
India's total fertility rate has fallen to 1.9, below the 2.1 needed to sustain its population. Factors include better education, access to contraceptives, rising costs of living, and a growing focus on careers, leading many young people to choose fewer or no children.
Hugh Jackman and Deborra-Lee Furness have finalized their divorce after nearly 30 years of marriage. The couple, once seen as a Hollywood benchmark for enduring love, announced their separation in 2023. Jackman's past comments about being 'fully seen' by a partner now carry poignant irony.
A new study by researchers from Nanyang Technological University and other institutions reveals that AI agents are highly vulnerable to prompt injection attacks, with direct attacks succeeding over 79% of the time. The research highlights the risk of 'stealthy parasitism,' where AI agents advance attacker objectives while completing user tasks.
Women's T20 cricket has seen a dramatic increase in scoring rates, with 150 runs now considered a competitive benchmark, up from 120-130 previously. This surge is attributed to the natural progression of the game, influenced heavily by the rise of franchise leagues like the WBBL, WPL, and others, which have changed batting habits and encouraged aggressive play.
The 2026 World Cup has begun with Mexico and South Africa involved in discussions off the field, while South Korea's Hwang In-beom scored a potential goal of the tournament. The opening match saw three red cards, raising concerns about the tournament's disciplinary record.
Indian equity benchmarks closed lower on Thursday, impacted by weak global cues, rising crude oil prices, Middle East geopolitical tensions, and selling in IT stocks. The BSE Sensex fell 0.20% and the NSE Nifty declined 0.23%.
Global crude prices surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following new US strikes. Brent crude hit $95.40 and WTI reached $92.63.
