JGBs Fall on Japan's Fiscal Worries Ahead of Upcoming Election
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Indian investors flock to silver as returns overtake those from gold
By Rajendra Jadhav MUMBAI (Reuters) -Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns this year outpaced those of gold. Imports fill most of the demand in the world's largest consumer of silver, where domestic prices touched a record high of 114,875 rupees ($1,336) a kg as a production shortfall spurred investors' hopes for a further rally. "Gold's done pretty well for me over the last couple of years," said Umesh Agarwal, a regular buyer of gold coins, who recently made his first purchase of a one-kilogram bar of silver. "Now I'm hoping silver follows the same path and gives similar returns." Domestic prices of silver have risen 21% in the past three months, outstripping a rise of 5% in gold, as opposed to the scenario of the past year, when gold prices surged 34%, compared to a rise of 23% in silver. The appetite for silver is driven both by investment and industry needs in areas such as solar energy and electric vehicles, outpacing production, said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer. "Usually, investors cash in when prices hit record highs, offloading coins and bars or pulling out of exchange-traded funds (ETFs)," he added. "However, this time, even at record highs, people are investing, rather than selling." Silver ETFs attracted inflows of a record 20.04 billion rupees in June, up from 8.53 billion in May, data from the Association of Mutual Funds in India showed. In the June quarter, silver ETFs attracted inflows of 39.25 billion rupees, far outpacing the 23.67 billion flowing into gold ETFs. Such ETFs offer investors a convenient way to gain exposure to silver, which is heavy and costly to store and transport, said Vikram Dhawan, head of commodities and fund manager at Nippon India Mutual Fund, which manages metal ETFs. Volatility in equity markets following U.S. President Donald Trump's tariffs has also pushed investors to diversify, said a Mumbai-based bullion dealer with a silver importing bank. Traditionally the choice of budget-conscious rural consumers, silver is increasingly attracting urban buyers as an investment, the dealer added. Indian retail investment demand rose 7% in the first half of 2025 on the year, fuelled by expectations of a price rally, the Silver Institute said this month. Silver imports jumped 431% in May on the year to 544.1 tons, while gold imports fell 25% to 30.5 tons, trade ministry data showed. ($1=85.9780 Indian rupees) Sign in to access your portfolio
Yahoo
39 minutes ago
- Yahoo
Chinese vehicle sales rise 14% in June
Sales of Chinese-made vehicles, including exports, rose by 14% to 2.904 million units in June 2025, up from 2.551 million units a year earlier, according to passenger car and commercial vehicle wholesale data compiled by the China Association of Automobile Manufacturers (CAAM). Domestic sales rose by just over 10% to 2.312 million units last month, while exports increased by 22% to 592,000 units. The Chinese government has stepped up its stimulus measures this year to boost domestic vehicles sales, including increasing vehicle trade-in and scrappage incentives which favour mainly new energy vehicle (NEV) sales. The country's vehicle market has also responded to strong price competition among domestic manufacturers and numerous new model launches. In the first six months of 2025, total sales of China-made vehicles increased by over 11% to 15,653 million units, up from 14.054 million a year earlier, including a 12% rise in domestic sales to 12.570 million units while exports rose by over 10% to 3.083 million units. Overall sales of passenger vehicles increased by 14% to 13.531 million units, while commercial vehicle sales rose by 2.6% to 2.122 million units. First-half sales of new energy vehicles (NEVs) rose by 40% to 6.937 million units, accounting for over 44% of total vehicle sales in the country. Battery electric vehicle (BEV) sales surged by 48% to 4.443 million units while plug-in hybrid vehicle (PHEV) sales rose by 25% to 2.491 million units. Domestic NEV sales rose by 34% to 5.878 million units year-to-date, while exports jumped by 75% to 1.059 million units. Overall vehicle production in the country rose by almost 13% to 15.621 million units in the first half of 2025, compared with 13.880 million in the same period last year. Manufacturer performances BYD's global sales rose by 33% to 2,145,954 units in the first six months of 2025, including a 128% surge in overseas sales to 464,266 units. Overall sales of passenger PHEVs surged by 24% to 1,089,890 units, while passenger BEV sales rose by 41% to 1,023,381 units and commercial vehicle sales jumped more than fivefold to 32,683 units. SAIC Motor reported a 12% increase in global sales to 2,052,680 units year-to-date, driven by a 32% surge in SAIC-GM-Wuling's deliveries to 753,276 units. SAIC-VW's sales dropped by 4% to 492,145 units, while SAIC-GM's sales increased by 9% to 245,067 units from depressed year-earlier levels. Overseas sales increased by just over 1% to 494,052 units, while global NEV sales surged by 40% to 646,322 units. Geely Automobile Holdings reported a 47% rise in global sales to 1,409,180 units in the first half of 2025, while Chery Automobile's sales rose by 14% to 1,260,124 units, including 550,270 exports. GAC Group, including its joint ventures with Toyota and Honda, reported a 12% sales decline to 755,300 units, while Great Wall Motor's sales increased by 8% to 559,669 units – driven by a 63% jump in overseas sales to 201,500 units. Tesla's Shanghai factory sales fell by 15% to 364,474 units year-to-date, with retail sales in China falling by 5% to 263,410 units despite the recent launch of the revised Model Y, while exports plunged by 32% to 101,064 units. "Chinese vehicle sales rise 14% in June" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
41 minutes ago
- Hamilton Spectator
The challenger who narrowly lost to GOP Rep. Scott Perry wants another chance to beat him in 2026
HARRISBURG, Pa. (AP) — Democrat Janelle Stelson, who lost to Republican U.S. Rep. Scott Perry by barely a percentage point in 2024, will run again in the right-leaning congressional district in Pennsylvania. Stelson, a one-time local TV anchor and personality, mounted a challenge to Perry, the former leader of the hardline House Freedom Caucus . It was designed to sway moderate Republicans , portraying him as an extremist on abortion rights and slamming Perry's votes against Democratic-penned bills that carried benefits for firefighters and veterans. 'The story about Scott Perry just keeps getting worse,' Stelson said in an interview. Stelson called Perry the 'deciding vote' in the House's 218-214 vote on Republicans' tax break and spending cut package that she said would strip Medicaid benefits from thousands of his constituents, possibly shut down rural hospitals and further stretch health care facilities, such as nursing homes. 'This has disastrous, possibly deadly consequences, and Scott Perry did that,' Stelson said. For his part, Perry is already touting the bill's provisions to curb billions of dollars in spending across clean energy , cut spending on the safety-net health care program Medicaid and reduce subsidies to states that offer Medicaid coverage to cover immigrants who may not be here legally. It will, he said in a statement, 'end damaging 'Green New Scam' subsidies, lock in critical and additional reductions in spending' and ramp up efforts to make sure Medicaid benefits are reserved for 'vulnerable Americans and not illegal aliens.' Perry's campaign, meanwhile, has said that Perry's fundraising is its strongest since he's been in Congress, and that the issues that propelled President Donald Trump and Perry to victories in 2024 will still be relevant in 2026. With Washington, D.C., completely controlled by Republicans, recruiting strong House challengers is of the utmost importance for Democrats. They need to flip just three seats nationwide to retake the House majority they lost in 2022 and block Trump's agenda. Stelson lost in a damaging 2024 election for the Democratic Party, despite outspending Perry in a race that cost over $24 million, according to FEC filings. It wasn't one of the most expensive House races in the nation, but Perry's victory of slightly over 1% point made it one of the closest. Democrats took heart that Perry ran well behind Trump — by 4 points — in a district that is becoming more moderate with Harrisburg's fast-developing suburbs. Democratic Gov. Josh Shapiro won the district in 2022's gubernatorial race, when he blew out his Republican opponent. Shapiro will lead Pennsylvania's ticket again in 2026, and is supporting Stelson by headlining a fundraiser for her in the coming days. Shapiro's support could ward off a potential primary challenger to Stelson. ___ Follow Marc Levy on X at: Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
