The Week That Was - 10 Aug: Global Equities Rally
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The Week That Was - 10 Aug: Global Equities Rally
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In this episode of The Week That Was, our host Michelle Castilino covers key global and domestic financial updates:
Global Developments: Major equity markets in the US, Eurozone, Japan, and China broke out of recent ranges, fueled by strong US corporate earnings and stabilizing oil prices as shipping routes opened in the Strait of Hormuz.
India Macro Updates: The RBI maintained its repo rate at 5.25% with a neutral stance, revising FY27 growth expectations up to 6.7% while moderation was noted in July PMI figures.
Domestic Markets & Bonds: Indian equities saw consecutive weekly gains led by the auto, capital goods, and metal sectors. Meanwhile, domestic bond yields declined following strong foreign capital inflows.
Speaker:
Michelle Castellino
Investment Strategist