Coffee Break World View 27 May

(World and India News – Tomorrows News Today)

QUOTES

"Life is like looking for your phone, most of the time it's in your hand."

"To be old and wise you must first be young and stupid."

"I made a huge to-do list for today. I just can't figure out who's going to do it.

“Worrying is like paying a debt you don’t owe.”

WORLD MARKETS 27th ?MAY ?Scroll down (data go to www.truedata.in )

WORLD NEWS

Ueda says Bank of Japan will proceed cautiously with inflation targeting frameworks

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1

US core capital goods orders rise, inflation expectations improve

Canada March retail sales down 0.2% as spending falls across sectors

Rising US debt burden spooks some bond investors ahead of election

Global equity funds see strong weekly inflows on U.S. rate cut hopes

UK consumer confidence strikes highest level since Dec 2021

US home sales post second straight monthly drop; house prices accelerate

Nvidia's stock split will add volatility -portfolio manager

Wall Street sentiment rises on earnings

Surprise election brings UK economy into focus

Washout for UK retailers as rain spurs sharp drop in April sales

German economy grew 0.2% in Q1, stats office confirms

Japan factory output seen up, inflation complicates BOJ exit:

Japan's inflation slows further, keeping BOJ cautious on rate hikes

UK consumer confidence strikes highest level since Dec 2021

Bigger investors pouring money into emerging markets belie EM outflows

Australia's Lendlease exits offshore markets to focus on local growth. Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital

Asia shares creep higher as US, EU inflation data loom

Turkey's Erdogan says fiscal policy will not stoke inflation

The European Central Bank's chief economist Philip Lane said the ECB is ready to start cutting interest rates from next week, the Financial Times reported on Monday, ahead of its June 6 policy meeting.

Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara

Gold recoups from 2-week low as trader’s eye US inflation data

Shares of China Evergrande's EV unit soar after liquidators' stake sale deal

China sets up $47.5 bln state fund to boost semiconductor industry

Indian shares at record highs, boosted by pharma stocks, Adani Ports

European banks in Russia face 'awful lot of risk', Yellen says

Stocks rebound to close higher but Dow down for the week

UBS rules out external successor to Ermotti as CEO, FT reports

Oil prices steady as markets turn focus to OPEC+ meeting

China's premier hails 'new beginning' with US-allied South Korea, Japan

Bill Gross says Trump is 'bearish' choice for bond markets

Japan, at G7 meet, renews push to keep yen bears in check

Exclusive: Saudi Arabia plans Aramco share sale as soon as June, sources say

Proxy firm advises shareholders to reject Elon Musk's $56 billion pay package

Asset famine' in China curbs central bank's bond trading ambitions

BlackRock encouraged Anglo to extend talks with BHP, source says

Elon Musk plans xAI supercomputer, The Information reports

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1

Chinese property developer Kaisa's liquidation hearing adjourned

Dollar firm ahead of global inflation data

Live Nation ticket buyers sue in wake of US Justice Department case

US, European nations consider vaccinating workers exposed to bird flu

Israeli airstrikes kill at least 35 in Rafah, Gaza authorities say

Ukrainian President Zelenskiy appeals to U.S. President Biden and Chinese President Xi Jinping to join upcoming peace summit

US lawmaker says China's 'intimidating' military exercises showed no interest in peace

Millions without power as cyclone Remal pounds Bangladesh and India

Thai opposition lawmaker sentenced to 2 years in jail for insulting monarchy

New Caledonia state of emergency to be lifted, says Paris

Lithuanian President Nauseda wins final round of presidential election in Vilnius

Taiwan president extends goodwill after China drills, US lawmakers arrive

Earthquake of magnitude 5.0 hits China's Sichuan province

Japan demands North Korea cancel satellite rocket launch, spokesperson says

Moldovans celebrate decision to open membership talks with EU

Lagging in polls, UK Conservatives pitch national service at 18

Hailstorm covers Mexican streets with thick ice amid heat wave

Experts warn of hail, whirlwinds in Mexico after new heat record in the capital

Putin arrives in Uzbekistan, third foreign trip since re-election

Trump booed and heckled by raucous crowd at Libertarian convention

Four years after George Floyd killing, police reform slow to follow, protests in US

The 77th Cannes Film Festival - Photocall for the film "Anora" in competition

Knife attacker injures at least three in metro in Lyon, France

Yemen's Houthis free more than 100 prisoners

Russian attack on Ukraine's Kharkiv kills 14, injures dozens

India economy likely grew at weakest pace in a year in Jan-March: poll

At least 14 dead from storms in Texas, Arkansas, Oklahoma and Kentucky

Nadal has tough opener with Zverev in what could be his last French Open

Wawrinka sends Murray packing in French Open first round

Alcaraz eases injury fears with dominant Roland Garros display, Osaka battles on

Airline offering dog-first experience takes first flight

Sherpa scales Mount Everest for record 30th time

'Black Dog' wins Un Certain Regard competition at Cannes

The 77th Cannes Film Festival - Screening of the film "The Seed of the Sacred Fig" in competition

Iranian director Rasoulof's Cannes film born of tussles with justice system

?In an extraordinary turnabout in just five months, financial markets now fully price just one quarter-point interest rate cut from the Federal Reserve this year - compared to the six built

Even though the broader tech sector ended the day higher, the 10 other major stock sectors were left in the red. And the equal-weighted S&P500 lost 1.4%.

?With just 35 basis points of Fed easing now priced for the year, two-year Treasury yields climbed back to within 4bps of the 5% threshold.

?US?? The VIX bounced back more than a point from pre-pandemic lows.

?A so-called "bear-flattening" of the yield curve saw the inversion of the 2-10 year yield gap deepen to its most negative this year - with yields at both tenures rising but short rates up by more.

But the Fed rate jitters rippled across the world overnight, with bourses in Tokyo, Seoul, Hong Kong and Shanghai losing more than 1% on Friday.

?Sterling, whose broader trade-weighted index is back up at 8-year highs to pre-Brexit referendum levels, recaptured some of Thursday's losses against the dollar.

Boeing shares take a tumble by 7.55% after the U.S. plane maker forecast negative free cash flow in 2024 accounted for over 90 points to the downside for the blue-chip Dow Jones index.

Shares of Renault rose 4% after the French carmaker announced a share buyback plan

?Britain's National Grid regained nearly all of Thursday's? 10% plunge on plans to raise about 7 billion pounds ($8.9 billion) in a rights issue.

Abrdn shares slipped after the UK fund manager's CEO Stephen Bird stepped down.

INDIA NEWS

5 stocks — ICICI Bank Ltd, Mahindra & Mahindra Ltd, State Bank of India, Reliance Industries Ltd, and Bharti Airtel Ltd— contributed over 75 percent to the 1,000-point rally that propelled Nifty to its fresh record high of over 23,000 on May 24 from the 22,000 mark in January.

Reliance Industries Ltd contributed 15 %, while Bharti Airtel Ltd contributed 14 %ICICI Bank over 17.3 % t followed by Mahindra & Mahindra and State Bank of India, each contributing over 16% and 15%, respectively.

Millions without power as cyclone Remal pounds Bangladesh and India

India economy likely grew at weakest pace in a year in Jan-March: Reuters poll

Indian shares at record highs, boosted by pharma stocks, Adani Ports

Kolkata win third IPL title after bowlers rout Hyderabad

India's new government will be spoilt for choice with $25 billion extra in kitty

Yellen says India and China hindering 'Pillar 1' tax deal

Rising water level of river Yamuna after monsoon rains in New Delhi

Google to invest $350 mln in India's Flipkart, valuing co at $37 bln, source says

Jio Financial plans $4.33 bln deal with Reliance Retail

Indian blue-chips post best week in nearly three months, led by financials, metals

India's NTPC posts Q4 profit rise on sturdy power demand

Hearing In Defamation Case Against Rahul Gandhi In UP On June 7 on remarks against Amit Shah

Ex Malegaon Mayor, Asaduddin Owaisi Party Leader, Shot Thrice In Nashik

Five officials have been suspended over "gross negligence" after a massive fire at a gaming zone in Rajkot Gujarat claimed the lives of 28 people in, officials have said.

Kolkata Airport Resumes Flight Ops After 21 Hours Of Suspension Due To Cyclone Remal

Arvind Kejriwal Requests For Interim Bail Extension, Cites Health Concerns

Porsche Hit and Run Pune Teen's Blood Sample Was Thrown in Dustbin, Forensic Head Arrested

With winds gusting up to 135 kilometres per hour, severe cyclonic storm 'Remal' made landfall between the coasts of Bangladesh and adjoining West Bengal, bringing heavy rains that flooded homes and farmland, and leaving a trail of destruction.

Bangladesh Police Team Reaches Kolkata, To Probe MP's Murder With Bengal CID

Video: Welding Sparks May Have Caused Huge Fire At Gujarat Gaming Zone

The docking of the largest container ship ever at an Indian port highlights Mundra's unmatched capabilities and a testimony to the company's nation-building efforts, Karan Adani,

63.36% Voter Turnout Recorded In Lok Sabha Phase 6, Phase 5 Recorded 62.2%

Intense Heat In Large Parts Of India, Mercury Over 45 Degrees In 37 Places

Maharashtra's Akola imposed Section 144 until May 31, prohibiting public gatherings on heat wave concerns

2 Die In Heat-Related Issues In Rajasthan As Temperatures Cross 43 Degrees

Centre Allocates Rs 200 Crore To Tackle Waterlogging In Thiruvananthapuram

3 Killed In Lightning Strikes, Tree Collapse Incidents In Latur, Maharashtra

"Agnipath Scheme Guarantees 100% Employment," Says Minister Anurag Thakur

Families Struggling To Identify Their Newborn Babies Killed In Delhi Hospital Fire

Magisterial Inquiry Ordered Into Delhi Hospital Fire That Killed 7 Babies

Tiger Mauls Woman To Death, Drags Body 200 Metres Inside Forest In Mysuru

Cyclone Remal: Over 1 Lakh People Evacuated From Coastal Areas In Bengal

BharatPe, PhonePe Settle Long-Drawn Trademark Dispute Over "Pe" Suffix

Army Chief, Due To Retire On May 31, Gets 1 Month Extension

Delhi Hospital Owner, Doctor Arrested After Fire Kills 7 Babies

Rajasthan Swelters At 50 Degrees, Severe Heatwave To Continue For Next 2-3 Days

Agartala Cancels Arrivals Till Tomorrow Morning As Cyclone Remal Intensifies

IndiGo Reschedules, Cancels Some Flights Ahead Of Cyclone Remal Landfall

Filmmaker Payal Kapadia scripted history after her film 'All We Imagine As Light' won the prestigious Grand Prix at the 2024 Cannes Film Festival.

Dolphins Stranded In UP's Sharda Canal Rescued After 24-Hour Operation

FIR Against 6 Partners Of Rajkot Game Zone After Massive Blaze, 2 Arrested

Army Defuses 3 Bombs Planted On Road In Manipur

In Rare Case, Doctors Remove Needle Stuck In Woman's Hip For 3 Years

India Will Be Free Of Maoist Problem In Next 2-3 Years: Amit Shah

Three people died after a fire broke out in a four-storey residential building in Krishna Nagar area of east Delhi on Sunday, officials of the Delhi Fire Services said.

11 Dead, 10 Injured After Truck Hits Bus Carrying Devotees In UP

J&K's Anantnag-Rajouri Seat "Shatters" Turnout Record With 53% Polling

Using an app to morph his voice, Brajesh Kushwaha, a former mill worker, would pose as a woman teacher from a college and fool tribal college students from Madhya Pradesh's Sidhi district into believing that she would help them get a scholarship.

Man, 71, On His Way To Vote, Trampled To Death By Elephant In Jharkhand

Video: Bengal BJP Candidate Forced To Run As Protesters Throw Stones

Grandfather Of Pune Teen Driver, Who Killed 2, Sent To Police Custody

US Envoy Admires ISRO's Accomplishments During Visit To Headquarters

NASA To Give Indian Astronauts "Advanced Training" For Joint Mission: US Envoy

Bachendri Pal Celebrates 40 Years Of Mount Everest Climb At Base Camp

Rishi Sunak Faces Mass Exodus As 78 MPs Resign Ahead Of General Election

Netflix's Indian Content Clocks Over A Billion Views.

India's Richest Woman Savitri Jindal Votes, Says PM Modi Will Get 3rd Term

A claim on social media, which states that no Public Sector Enterprises (PSE) have been incorporated under the tenure of PM Modi is being widely shared on social media.

WORLD MARKETS 27th MAY

STOCKS

Index?????????????? ??????????? Last???????????????? ??????????? ?? % Change

S&P 500?????????? ??????????? 5,304.72????????? ??????????? +0.70%Positive

Euro STOXX 50??????????? 5,035.41????????? ??????????? -0.04%Negative

FTSE 100????????? ??????????? 8,317.59????????? ??????????? -0.26%Negative

Nikkei 225?????? ??????????? 38,900.02??????? ??????????? +0.66%Positive

COMMODITIES

Future???????????????????????? Last???????????????? % Change

Gold???? ??????????????????????? 2,341.80????????? -1.24%Negative

Copper??????????? ??????????? 886.20 ??????????? +0.36%Positive

Brent Crude Oil?????????? 82.36?? ??????????? +0.29%Positive

CBOT Soybeans?????????? 1,249.50????????? +0.85%Positive

CURRENCIES

Exchange??????? Last???????????????? ??? % Change

EUR/USD???????? 1.0845???????????? ??????????? --

GBP/USD???????? 1.2740???????????? ??????????? --

JPY/USD?????????? 0.0064 ??????????? +0.16%Positive

CNY/USD???????? 0.1380 ??????????? -0.03%Negative

YIELDS

Name????????????? Yield??? ??????????? Change

US 10Y ??????????? 4.467?? ??????????? -0.008

DE 10Y ??????????? 2.582?? ??????????? -0.001

UK 10Y ??????????? 4.257?? ??????????? -0.007

JP 10Y? ??????????? 1.01???? ??????????? +0.002