Usa Financial News

Israel-Palestine conflict. While the US and allies have showed their support to Israel, both China and Russia sided with Palestine.

Joe Biden in a statement. "This horrific act of hate has no place in America and stands against our fundamental values: freedom from fear for how we pray, what we believe, and who we are," he said. Biden urged Americans to unite against Islamophobia in the wake of the killing.

By Philip Blenkinsop

By Andrea Shalal and David Lawder

By Paritosh Bansal

Forex traders said falling domestic inflation, rise in industrial production figures and improvement in trade deficit aided the local unit. However, geopolitical tensions, particularly the Israel-Hamas conflict, dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.24, registering a gain of 6 paise over its previous close. On Friday, the rupee fell 6 paise to settle at 83.30 against the US dollar. «For now, a mild risk-off stance supports USD demand, but positive economic data and RBI intervention maintain the rupee's range between 83.05 and 83.30. The situation remains delicate, with the potential for rapid shifts in response to geopolitical developments,» CR Forex Advisors MD-Amit Pabari said. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 106.53. Brent crude futures, the global oil benchmark, advanced 0.11 per cent to USD 90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 161.12 points or 0.24 per cent lower at 66,121.62.

Israel to occupy the Gaza Strip again would be a «big mistake,» US President Joe Biden said in an interview released on Sunday, as Israeli troops prepared for a ground invasion. Israel, seeking vengeance for an attack by Hamas on October 7, has declared war on the militant group, launching a relentless bombing campaign and warning more than a million people in northern Gaza to move south ahead of the operation. Asked by CBS news program 60 Minutes if he would support any occupation of Gaza by the American ally, Biden replied: «I think it'd be a big mistake.» Hamas «don't represent all the Palestinian people,» he continued. But invading and «taking out the extremists» is a «necessary requirement,» he added. The Hamas attack saw fighters shoot, stab and burn to death more than 1,400 people, most of them civilians.

An Israel Defense Forces official says Hamas is “trying to prevent” people from fleeing Gaza, as civilians try to seek safety ahead of an expected Israeli ground offensive.

London/New York | PwC’s US head Tim Ryan has told partners he will leave the big four consulting firm in June, following resistance from some colleagues to his candidacy to succeed Bob Moritz as global chairman.

The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds. 

Also read: Israel-Hamas war: Shocking video of Israelis urinating on dead Palestinians surfaces on internet 2. More than one million people have fled their homes in Gaza as Israel bombarded the Hamas-ruled Gaza Strip and continued in preparation for a full-blown ground invasion. 3.

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce.

Joe Biden on Sunday condemned the deadly stabbing attack against a six-year-old Muslim boy, which police have linked to the ongoing Israel-Hamas war, as a «horrific act of hate.» «This horrific act of hate has no place in America, and stands against our fundamental values: freedom from fear for how we pray, what we believe, and who we are,» Biden said in a statement, adding he was praying for the recovery of the boy's mother, who was also severely wounded in the attack.

China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected. The People's Bank of China (PBOC) is walking a tight rope between keeping liquidity ample to aid a struggling economy and stabilising the yuan amid expectations of «higher for longer» U.S. rates. The PBOC said in a statement it conducted medium-term lending facility (MLF) operations worth 789 billion yuan ($107.96 billion) to keep liquidity in the banking system adequate.

“Though macro parameters such as BEER ratio or M-Cap-to-GDP ratio looks expensive, Indian market is supported by domestic savings getting channelized through MF SIPs, along with corporate profitability which has been steadily improving,” says Rakesh Parekh, MD and Co-Head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We expect domestic facing sectors to outperform relatively in terms of earnings growth led to a large extent by the capital goods sector and Railways” Edited excerpts: Indian market seems to be consolidating after hitting a high in September largely on account of global factors. What is your take? Rising US yields, persisting China slowdown, and elevated crude oil prices amidst geopolitical uncertainties, especially the latest developments in the Middle East are key headwinds facing equity markets in the short term.

Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States.

Russia's top diplomat Sergei Lavrov arrived in Beijing on Monday ahead of an expected visit by President Vladimir Putin to China, for a gathering of representatives of 130 countries that will be overshadowed by the Israel-Gaza war. This will be Putin's first trip to a major global power since the Ukraine invasion. The foreign ministry announced on social media platform X, formerly Twitter, that Lavrov was in the Chinese capital as part of a Russian delegation. Beijing is hosting representatives of 130 countries Tuesday to Wednesday to mark a decade of its Belt and Road Initiative (BRI) — a key geopolitical project of President Xi Jinping to extend China's global reach. But all eyes will be on Putin, who last month told Beijing's Foreign Minister Wang Yi in Saint Petersburg he had «gladly accepted» Xi's invitation to visit China for the BRI talking shop. The Russian leader's strategic dependence on China has only grown since his invasion of neighbouring Ukraine thrust his country into international isolation. Putin last week voiced concern at the «catastrophic increase» in the number of civilian victims in Israel and the Gaza Strip. The Kremlin ambassador to the United Nations has called for a «humanitarian cease-fire» in the Gaza Strip and Israel, while blaming the United States for the ongoing conflict. This year, trade between China and Russia has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite. China has refused to condemn the war in an effort to position itself as a neutral party, while at the same time offering Moscow vital diplomatic and financial support. At the heart of the

FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial.

Also Read: 6 things that changed for the stock market over the weekend - Gift Nifty to falling US consumer sentiment Here’s what to expect from Nifty and Bank Nifty today: On the weekly chart, Nifty formed a long bull candle at the lows, post hammer candle pattern of last week. “The bulls were able to protect the level of 19600 during the day, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. The strength may continue as long as the index remains above 19,600.

Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.

CBS News, Joe Biden said the United States has been working to alleviate shortages of food, water, and gas to protect civilians. He also asserted that the extreme elements of Hamas don't represent all Palestinians. "But invading and "taking out the extremists" is a “necessary requirement".