Brent at $88 | Wallstreet sees profit taking on Friday | RIL to form partnership with Rolls Royce
Markets head into the brand new week on a cautious observe as blended international cues and a unfavorable GIFT Nifty level to a weak begin for Indian equities. Whereas the S&P 500 and Nasdaq prolonged their profitable streak to a few weeks, Asian markets stay blended amid elevated West Asia tensions. Oil costs proceed to carry beneficial properties, whereas gold rises on a weaker greenback and rising expectations of regular rates of interest.
On the geopolitical entrance, Iran-U.S. peace talks stay stalled because the MoU deadline approaches, whereas Donald Trump has ordered the Pentagon to cut back army drills with South Korea. In India, the RBI will shut the FCNR(B) deposit window on August 31 after the scheme attracted over $52 billion to date. In the meantime, Reliance Industries is reportedly exploring a Rolls-Royce partnership for fighter jet engines.
