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Forbes
04-07-2025
- Business
- Forbes
U.S. Futures Slide As Trump Says Tariff Letters Will Be Sent Out Today
U.S. stock futures slumped early on Friday after President Donald Trump said his administration will start sending out letters to trading partners to inform them about the unilateral tariff rate to be imposed on them, which he suggested could be as high as 70%. President Donald Trump speaks with reporters as he arrives on Air Force One, Friday, July 4, 2025, ... More at Joint Base Andrews, Md. (AP Photo/Alex Brandon) Copyright 2025 The Associated Press. All rights reserved All major U.S. futures indexes were hit hard early on Friday, led by the benchmark S&P 500 futures, which dropped nearly 0.6% to 6,288 points. Dow Futures fell 0.5% to 44,865 points, while the tech-heavy Nasdaq Futures dropped by 0.56% to 22,932.25 points. U.S. markets will remain closed on Friday for Independence Day. European stocks also appeared to be hit by news of the unilateral tariffs, as the pan-European STOXX 50 index fell by 0.7% and the London Stock Exchange's FTSE 100 index dropped by 0.3%. Trump told reporters on Thursday that his administration will likely start sending out letters on Friday informing trading partners about the tariff rates they will face starting next month. The president said that '10 or 12' letters are likely to be sent out on Friday, with more letters to follow in the 'next few days.' Trump expects all such unilateral tariff letters to be sent out by July 9, the deadline he had previously set for concluding trade negotiations and ending a 90-day pause on his 'Liberation Day' tariffs. Trump told reporters: 'They'll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs.' The president, however, didn't specify which countries are likely to receive such letters. What Has Trump Previously Said About Unilateral Tariffs? Last month, Trump said the U.S. was holding trade negotiations with around 15 countries, but noted that the U.S. has '150 plus' trading partners and 'at a certain point, we're just going to send letters out…saying this is the deal, you can take it or leave it.' At the time, Trump had said the letters would go out 'in about a week and a half, two weeks.'
Time of India
24-06-2025
- Business
- Time of India
Top stocks to buy: Nifty could test 25,400 in near-term - check stock recommendations with a 3-month horizon
Top stocks to buy today (AI image) Stock market recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBICAP Securities, Trent and Bharti Airtel are the top stock picks for today. Here's his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon: Index View: Nifty View G lobal equity markets staged an upside rally after the US President Donald Trump announced a ceasefire agreement between Iran and Israel, easing geopolitical tensions and reviving global risk appetite. This positive sentiment lifted Dow Futures and major Asian indices, which are currently trading higher. Reflecting the global optimism, India's benchmark index Nifty opened with a gap-up on Tuesday and is now hovering near the upper boundary of its ongoing consolidation zone between 25222 and 24462 — a range it has been oscillating within for the past 29 consecutive trading sessions. Technically, the index is trading above both its short-term and long-term moving averages, a sign of underlying strength. Notably, the short-term averages, which had been moving sideways in recent sessions, have now started to slope upwards. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo Meanwhile, the daily RSI is approaching the key 60 mark — a development typically viewed as bullish. Given the current chart structure and improving momentum indicators, the index appears poised to continue its northward trajectory. In the near term, it could test levels of 25400, followed by 25550. On the downside, the support zone of 25080–25050 is expected to cushion any pullback. Bank Nifty View: The banking benchmark index, Bank Nifty, has recently found support near its 34-day EMA and has since been trending higher in a gradual but steady manner. It now trades just a stone's throw away from its all-time high levels. All key moving averages are aligned positively, and momentum-based indicators are pointing toward sustained bullish strength in the index. Given the prevailing technical structure, we expect Bank Nifty to extend its upward momentum in the near term and potentially test the 57000 mark, followed by 57500. On the downside, the support zone of 56300–56200 is likely to offer immediate protection against any short-term pullback. Stock Recommendations: TRENT CMP Accumulation Zone Target Stop Loss Return (%) Time Period 6120 6150-6100 6860 5730 12.09% 3-Months The stock marked a low of 4488 in the month of April 2025 and thereafter started marking the sequence of higher tops and higher bottoms along with relatively higher volume. Recently, the stock has started outperforming the frontline indices. The ratio chart of the stock as compared to the Nifty index has given a consolidation breakout on a daily scale. Currently, the stock is trading above its short and long-term moving averages. These averages are in the rising mode, which is a bullish sign. The daily RSI is trading at a 9-month high, which is a bullish sign. Hence, we recommend to accumulate the stock in the zone of 6150-6100 with a stoploss of Rs 5730 level. On the upside, it is likely to test the level of 6860 in the short term. BHARTI AIRTEL CMP Accumulation Zone Target Stop Loss Return (%) Time Period 1936.3 1940-1920 2150 1830 11.03% 3-Months The stock has given a 9-week consolidation breakout on a weekly scale along with relatively higher volume. In addition, on breakout week, it has formed a sizable bullish candle, which adds strength to the breakout. As the stock is trading at all-time high levels all the moving averages and momentum-based indicators are showing strong bullish momentum in the stock. The weekly RSI has formed a strong base near the 60 level and thereafter witnessed a strong rebound, which is a bullish sign as per RSI range shift rules. Hence, we recommend to accumulate the stock in the zone of 1940-1920 with a stoploss of Rs 1830 level. On the upside, it is likely to test the level of 2150 in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
21-06-2025
- Business
- Time of India
Temporary relief? Sensex soars 1,046 points on foreign buying
Sensex soars 1,046 points on foreign buying (Picture credit: ANI) MUMBAI: Strong foreign fund buying supported by speculators' short covering late in the session on Friday led to a four-figure points jump in the Sensex. After opening marginally higher, the benchmark picked up gains through the session to close 1,046 points or 1.3 per cent higher above the 82,400-point mark. On the NSE, Nifty too followed a similar trend and closed 244 points or 1 per cent higher at 25,038 points. Foreign investors, after showing mixed trends for the last few sessions, turned strong buyers on Friday with a net inflow of Rs 7,704 crore. Domestic funds, on the other hand, were net sellers at Rs 3,050 crore, BSE data showed. According to Prashanth Tapse of Mehta Equities, markets witnessed consolidation after the recent spell of subdued trend, as strong European cues and positive Dow Futures triggered a massive rally in local benchmarks. "Investors also resorted to short covering ahead of next week's monthly derivatives expiry." Tapse, despite Friday's gains, is cautious about the market direction since a number of headwinds have a chance of impeding the northward run. Investors should remain cautious due to the ongoing West Asia conflict, as any spike in crude oil prices owing to escalation in tension could fuel uncertainty and spook markets, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Clean Warehouses = Safe Workplaces SearchMore Learn More Undo Late on Friday, Brent crude was trading at about $76.7/barrel while WTI crude was slightly above the $75 mark. Both were trading around their four-month high levels. The day's session in the domestic market made investors richer by nearly Rs 5 lakh crore, with BSE's market capitalisation now at Rs 447.7 lakh crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Forbes
13-06-2025
- Business
- Forbes
Oil Prices Spike As Israel Strikes Iranian Nuclear Program
Global crude oil prices jumped sharply while US stock futures fell early on Friday after Israel conducted a round of military strikes against Iran's nuclear program and military leadership, marking a significant escalation of tensions in the Middle East region. People look over damage to buildings in Nobonyad Square following Israeli airstrikes in Tehran, ... More Iran. The global benchmark Brent Crude Futures index briefly touched $78 per barrel, up 13% from the previous day—the biggest single-day jump since the early days of Russia's invasion of Ukraine, according to Bloomberg. At the time of publishing, prices settled at $74.4 per barrel, which is more than 7% from the previous day. The U.S.'s West Texas Intermediate benchmark also surged by more than 7% to nearly $73 a barrel. US stock futures took a hit in early trading, with S&P 500 Futures slumping 1.2% to 5,977.50 points, while Dow Futures slid 1.15% to 42,816 points. The tech-focused Nasdaq futures fell nearly 1.5% to 21,833 points. This is a developing story.
Business Upturn
03-06-2025
- Business
- Business Upturn
Global equities steady as Asian markets open higher; US futures dip amid trade uncertainty
By News Desk Published on June 3, 2025, 07:37 IST Global equities opened the week on a mixed note, with Asian markets trading with marginal gains, buoyed by last week's tech-led rebound in US markets. However, US stock index futures slipped slightly in early trade, as investors await further clarity on President Donald Trump's trade tariffs and the broader outlook for the US economy. Sentiment was cautious as the US dollar remained under pressure, reflecting ongoing concerns about renewed trade tensions and their potential to slow global growth in the coming months. Key global market snapshots: Dow Futures were down 85 points at 42,221 (-0.20%). Nasdaq Futures slipped 42 points to 21,450 (-0.19%). US Small Cap 2000 Futures fell 7 points to 2,063 (-0.33%). In Europe, early signals were positive: DAX Futures rose 77 points to 24,053 (+0.32%). FTSE Futures were up 15 points at 8,809 (+0.17%). In Asia, markets opened firm: Hang Seng Futures jumped 275 points to 23,294 (+1.19%). KOSPI edged up 1.3 points to 2,699 (+0.05%). Taiex Futures surged 328 points to 21,197 (+1.57%). Nikkei 225 gained 221 points to 37,692 (+0.59%). For Indian markets, Gift Nifty was down 10 points at 24,861 (-0.04%) in early adjusted trade, suggesting a flat to cautious start. US markets closed higher on Friday, led by tech stocks: Dow Jones Industrial Average ended up 35 points at 42,305 (+0.08%). Nasdaq Composite gained 129 points to 19,242 (+0.67%). Traders are likely to watch upcoming US macro data, any new signals on tariff policy, and currency trends, all of which could influence short-term risk sentiment. News desk at
