ECB RATES
ECB set to hold rates steady with eye on France crisis
The European Central Bank is anticipated to maintain steady interest rates amidst controlled inflation and eased US tariff tensions, despite a new political crisis in France. ECB President Christine Lagarde voiced concerns about the potential impact of French political turmoil on markets and borrowing costs.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
Gold surpasses U.S. Treasuries in central banks’ reserves for first time since 1996
Global central banks now hold more gold than U.S. Treasuries for the first time since 1996, with reserves exceeding $3.6 trillion amid record bullion buying. The shift reflects sanctions risks, U.S. debt concerns, and diversification needs, though the dollar remains dominant in global reserves.
Charting the global economy: US consumers remain resilient, Indian exporters under pressure
American consumer spending saw a rise in July, driven by income growth despite high prices. Globally, economic landscapes are shifting. Germany faced rising inflation, while France grappled with political instability. China aimed for increased public welfare spending. South Korea's consumer confidence hit a seven-year high. Indian exporters sought government support amid US tariffs.
European shares post first weekly loss in four as banks weigh
European shares declined, hitting a two-week low, pressured by British banks amid proposed tax changes. Natwest, Barclays, and Lloyds experienced significant drops. The STOXX 600 fell, marking its first weekly loss in four, influenced by U.S. Federal Reserve concerns and French political uncertainty. U.S. inflation data and Trump's attempts to influence the Fed also weighed on market sentiment.
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NaBFID to borrow USD 1 billion from foreign shores in FY26; sees tariffs not impacting disbursements
National Bank for Financing Infrastructure and Development aims to secure up to USD 1 billion from global markets in fiscal year 2026. The Development Finance Institution has received international ratings. Fundraising will occur through external commercial borrowing and bonds. NaBFID will decide the launch based on market conditions. The DFI is raising funds according to disbursement needs.
World's central bankers fear being caught in Fed's storm
Global central bankers fear that political pressure on the Federal Reserve could undermine their independence. President Trump's attempts to influence the Fed have raised concerns about its ability to control inflation. This situation could set a dangerous precedent, potentially leading to financial market turmoil and higher global inflation, as other governments may seek to control their central banks.
Central bankers at Jackson Hole warn growth hinges on foreign workers
Central bankers at Jackson Hole warned that aging populations and shrinking workforces necessitate increased foreign labor to sustain economic growth. Leaders from Europe, Japan, and the UK emphasized migrant workers' crucial role in stabilizing economies. Without foreign labor, countries like Germany and Spain would face significant GDP reductions and hindered recoveries, highlighting immigration's economic importance.
ECB rate cut talk may resume after September pause, sources say
European Central Bank may keep interest rates steady next month. Discussions on rate cuts might resume in autumn if the economy weakens. Earlier, ECB paused rate cuts due to resilient economy and inflation at target. US tariffs are within ECB expectations. Future rate cut talks depend on economic data, US tariffs impact, and Ukraine war situation.
ECB officials sticking to steady interest rates after trade deal
ECB officials are leaning towards holding interest rates steady in September, buoyed by growth and inflation trends aligning with June forecasts. The recent trade agreement between the EU and the US has eased concerns, though some uncertainties linger.
Euro zone bond yields little changed ahead of Fed's Powell speech
European bonds remained stable as investors anticipated Federal Reserve Chair Jerome Powell's address. Traders sought insights into the U.S. central bank's future monetary policy. The German 10-year bond yield remained steady. The market is closely watching for potential rate cuts by the Federal Reserve in September. Changes in U.S. rate expectations often impact global bond markets.
Sovereign upgrade, index flows and GST reform create a strong bond market backdrop: Chirag Doshi, LGT Wealth India
India's bond market is poised for growth, fueled by S&P's sovereign rating upgrade and anticipated index inclusions. This positive momentum, along with potential GST reforms, is expected to lower yields and attract foreign investment. Experts suggest banks, top-tier NBFCs, and infrastructure financiers will likely benefit from these favorable conditions.
Bajaj Finance shares up 30% in 2025 so far. Can GST reform tailwinds push the stock past Rs 1,000?
Bajaj Finance shares are soaring, fueled by potential GST cuts on consumer durables and India's credit rating upgrade. Analysts predict lower EMIs and cheaper offshore funding could propel the stock past ₹1,000. Technical analysis suggests a positive near-term trend, with support around ₹850 and resistance at ₹930.
Education loan provider Credila in talks to raise $600m via ECB
Credila, formerly HDFC Credila, plans to secure up to $600 million in foreign loans post-IPO. Discussions involve DBS, MUFG, and SMBC. The funds will be raised via external commercial borrowing. The loan is marketed at 135-150 bps over SOFR. Credila's financing base has expanded significantly. Offshore borrowings now constitute 18.4% of its total debt.
Bajaj Finance, Bajaj Housing Finance shares rally up to 7% on GST reform hopes
Shares of Bajaj Finance and Bajaj Housing Finance surged up to 7% on GST cut hopes and India’s sovereign credit rating upgrade. Lower consumer durables taxes and reduced borrowing costs are expected to boost lending, supporting broader financial sector gains ahead of Diwali.
ECB's rebel voice bows out with plea for transparency
As Robert Holzmann prepares to depart from the European Central Bank, he suggests greater transparency in policy decisions. He proposes adopting a system similar to the Federal Reserve's dot plot or summarizing dissenting views to provide markets with more information. Holzmann believes this would be beneficial when the direction of monetary policy isn't clear-cut.
India's sovereign rating upgrade may make borrowing overseas cheaper
S&P's upgrade of India's sovereign credit rating to 'BBB' is projected to lower overseas borrowing costs for Indian companies and non-bank lenders. Top-rated firms could see savings of 10-20 basis points on external commercial borrowings, currently around 7.75%. This shift expands the global investor base for NBFCs, potentially leading to spread benefits of 15-40 basis points.
5 world market themes for the week ahead
Global markets are keenly awaiting key events. A potential meeting between US President Donald Trump and Russian President Vladimir Putin is on the cards. Trade talks between the US and China are ongoing. Investors are watching US inflation data closely. Australia and Norway are set to make crucial interest rate decisions.
Here’s how Nifty50, other global equity indices performed in stock market over 11 years, which international index took lead in 2025
Welcome to TrendMap, your quick guide to investment performance. This edition tracks 11 years of global equity returns. With returns adjusted to the Indian rupee, the true return on foreign investments from an Indian perspective is reflected in the table. The Indian rupee depreciated by 1.4% in 2025. The key takeaway: market leadership shifts constantly; diversification is your best defence.
Long-dated euro zone bonds sell off; Trump slaps on tariffs
Euro zone government bond yields surged on Friday, mirroring a global sell-off in longer-dated debt. Investors are increasingly convinced that interest rates are unlikely to fall much further, influenced by U.S. tariffs and resilient economic data. German, Italian, and French thirty-year yields all experienced notable increases.
US-China trade war could push ECB to continue easing
U.S. tariffs could redirect Chinese exports to Europe, potentially lowering inflation and pressuring the ECB to ease monetary policy. ECB economists suggest increased Chinese imports could cause the central bank to undershoot its 2% inflation target, possibly leading to further interest rate cuts. Despite some believing the easing cycle is over, the ECB may feel compelled to act.
Out-gunned Europe accepts least-worst US trade deal
Europe has reluctantly agreed to a trade deal with the U.S., accepting a 15% tariff after a prolonged standoff. This agreement, while averting a potential recession, highlights the EU's limited leverage against the U.S. and the pressure from European businesses to reduce trade uncertainty. The deal includes a significant EU investment pledge in the U.S.
Charting the global economy: ECB holds rates for first time in a year
Globally, Trump's tariff deals are reshaping trade, with varying impacts on Asia and prompting responses like boycotts in Canada.
5 world market themes for the week ahead
Donald Trump's trade deadline looms, but investors remain calm. Japan and the U.S. have reached an agreement. A European Union deal is also possible. The Federal Reserve is expected to hold interest rates steady. The Bank of Japan is considering rate hikes. Euro zone data is coming this week.
German bond yields hit four-month highs, bets wane on ECB cuts
German 10-year government bond yields hit their highest in four months on Friday, as fading conviction among investors for steeper rate cuts from the European Central Bank compounded a push out of safe havens on optimism over U.S.-EU trade talks.
ECB holds rates with US tariffs decision on horizon
The European Central Bank held interest rates steady Thursday as policymakers waited to see whether the eurozone would be hit by higher US tariffs threatened by President Donald Trump.
Rupee snaps six-session losing streak, gains limited by lingering outflows
The Indian rupee snapped a six-session losing streak on Thursday but was unable to end the day higher despite gains in Asian peers as dollar demand from foreign banks, likely driven by foreign portfolio outflow, continued to exert pressure.
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