Usa Financial News

Bloomberg) --The European Central Bank held the line on interest rates but officials leaned even more toward a mid-year cut should inflation continue to cool. Lower borrowing costs would help nudge a European economy that’s struggled to register any growth for longer than a year. On the other side of the Atlantic, US economic activity is on much more solid footing and inflation is running too fast for Federal Reserve policymakers. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, geopolitics and markets:

Nifty 50 ended with weekly gains of 0.4% amid significant volatility and a sell-off in bluechip stocks on Friday after concerns of greater scrutiny on investments done from Mauritius soured D-Street sentiments. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. Commenting on last week's action, Santosh Meena, Head of Research, at Swastika Investmart, said that Nifty surrendered most of its gains on Friday dragged by US inflation concerns, geopolitical tensions, and selling by Foreign Institutional Investors (FIIs).

Iran's drone strike on Israel, India on April 14 issued a statement pushing for a scaledown in Iran-Israel face-off. India is concerned over the new emerging realities in the region, a statement by the External Affairs ministry said. «seriously concerned at the escalation of hostilities between Israel and Iran which threatens the peace and security in the region,» the statement read.

Iran vowed to retaliate, and did so about two weeks later, starting a broad aerial attack on Israel on Saturday involving hundreds of drones and missiles aimed at targets inside Israel and the territory it controls. Here's a look at Iran's military and its capabilities.

Iran's strikes on Israel late Saturday, warning the attack threatened to further destabilise the Middle East. Here are some of the main reactions so far:

manufacturing slump. The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first time since September 2022, buoyed by rising new orders and a jump in production.

AP that the effort to intercept the Iran-launched attack was continuing as US forces shot down some drones flying toward Israel. Meanwhile, the US along with its allies has warned Iran against escalating the conflict further.

Duchess of Sussex, finds herself under scrutiny after a video from a polo match on April 12 garnered attention online. The event, which took place at the Grand Champions Polo Club in Wellington, Florida (United States), was in support of Duke's Sentebale charity and attracted around 300 attendees. The Duchess attended the charity game alongside Prince Harry, donning an all-white ensemble.

West Asia. In a post on X (formerly Twitter), External Affairs Minister S Jaishankar wrote, “Spoke to UK Foreign Secretary Lord@David_Cameron today. Discussed the emerging situation in West Asia as also our bilateral ties." Additionally, India has also called on Iranian authorities in Tehran and Delhi to secure the early release of 17 Indians stuck on the cargo ship ‘MSC Aries’, said sources as quoted by PTI. The Mediterranean Shipping Company (MSC) is also working closely with relevant authorities for the welfare of all 25 crew members and the return of the vessel, the company said.

domestic equity benchmarks settled flat last week as investors' hope for a June rate cut were dashed by higher-than-expected inflation in the US, compounded by positive US employment and manufacturing data. Escalating geopolitical tensions in the Middle East, alongside supply concerns, have propelled crude oil prices upward, impacting the overall market sentiment.

Donald Trump on Saturday blasted President Joe Biden over Iran's major attack on Israel, alleging that his rival in November elections showed American «weakness» in the Middle East. «God bless the people of Israel. They are under attack right now. That's because we show great weakness,» he said at a campaign rally in Pennsylvania.

Iran launched an unprecedented drone and missile attack on Israel, the Israeli army announced late Saturday, in a major escalation of the long-running covert war between the regional foes. Iran's proxies and allies also carried out attacks on Israeli positions as sirens sounded in many places and AFP correspondents heard blasts in the skies above Jerusalem early Sunday. Iran had repeatedly threatened to strike Israel in retaliation for a deadly April 1 air strike on its Damascus consular annexe and Washington had warned repeatedly in recent days that the reprisals were imminent.

Work From Home (WFH) individuals are looking to make the most of it. Can WFH employees avail tax benefits? Tax experts caution that employees opting to work remotely from home often bear the brunt of related expenses, without the ability to claim them come tax time. Determining who qualifies for home office deductions can be a bit nuanced. In general, W-2 wage earner don't come under the category of home office deductions, USA Today reported. For those who are self-employed and utilize a home office exclusively and regularly for their work, there's potential for tax deductions on certain home-related expenses. These deductions can include a portion of costs like mortgage interest, property taxes, homeowners' insurance, and utilities, providing an opportunity to offset some of the expenses associated with maintaining a home office. It's essential to keep thorough records and consult with a tax professional to ensure compliance with relevant tax laws and regulations, as per the USA Today report.

Lionel Messi's Inter Miami is all set to take on Sporting Kansas City in a Major League Soccer (MLS) match at Arrowhead Stadium. The match pitting Sporting KC against Inter Miami is set to take place on Saturday, April 13, 2024. The MLS match is scheduled to kick-off time at 8:30 pm (ET), and 5:30 pm (PT). American soccer fans can catch the action-packed game through various platforms such as MLS Season Pass, AppleTV, and SiriusXM FC. Whether you're tuning in from the comfort of your living room or on the go, these streaming services offer convenient options to ensure you don't miss a moment of the Sporting KC vs Inter Miami match.

Civil War" has attract eye balls through its plot and now spoilers are out. «Civil War» ending scene showed the events taking place at Oval Office in the White House. In the final scene of «Civil War,» tension reaches its peak as rebels confront the president in the Oval Office. Joel, a persistent journalist, seizes the opportunity to finally secure an interview with the elusive leader. With guns pointed at them, Joel frantically requests a quote, to which the president responds, pleading for his life. With dark humor, Joel accepts the chilling remark as his quote, insurgent shoot the commander in chief.

International Monetary Fund's executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. «The Board commended Ms. Georgieva's strong and agile leadership during her term, navigating a series of major global shocks,» it said in a statement. Georgieva had been the only candidate for the job.

Joe Biden cut short a weekend trip to Delaware on Saturday for urgent consultations in Washington on the Middle East, the White House said, as tensions soar amid growing fears of an attack on Israel. Iran has vowed retaliation after a presumed Israeli strike on April 1 leveled an Iranian diplomatic building in Damascus, killing seven members of the elite Revolutionary Guards including two generals.

Donald Trump becomes the first US ex-president to go on criminal trial Monday — pushing the nation's legal and electoral systems to the limit less than seven months before Americans decide whether to return the scandal-plagued Republican to the White House. Trump is accused of falsifying business records in a scheme to cover up an alleged sexual encounter with porn star Stormy Daniels so as not to doom his 2016 election campaign.

David Chang, said it won't defend its trademark on the name “chile crunch" after it sparked an outcry by sending cease-and-desist letters to other businesses using the term. Momofuku started selling its Chili Crunch product in 2020, a crunchy spicy oil with dried peppers and other ingredients like sesame seeds and garlic. It's a riff on Chinese condiment chili crisp and other similar products from other countries.

Hindustan Copper, Aster DM Healthcare, Kolte Patil Developers, Ramco Systems were among the top smallcap gainers. Abans Holdings, Transformers & Rectifiers, Waree Renewable Tech, IIFL Finance, KEI Industries, Anand Rathi Wealth, Llyods Metals, Force Motors, Suryoday Small Finance Bank, Motilal Oswal Financial Services among other smallcap stocks logged a double-digit growth in their share prices last week. Domestic equity benchmarks traded mixed and finally settled almost flat, taking a pause after three weeks of advance.