Financial Summary: Wednesday, July 30, 2025

Market speculation increases over potential candidates to succeed Jerome Powell as Fed Chair, with names like Bessent, Warsh, and Hassett emerging.

GNG Electronics faced a volatile IPO, initially rising nearly 50% before closing down over 8%.

The National Stock Exchange of India reported a surge in unique trading accounts, surpassing 23 crore, indicating strong retail investor interest.

Indian markets closed higher with the BSE Sensex gaining 143 points, driven by strong performance from Larsen & Toubro amid Fed policy caution.

U.S. stocks opened higher as investors reacted positively to GDP data while awaiting the Federal Reserve's policy announcement.

Wells Fargo raised its annual target for the S&P 500, reflecting optimism in the market outlook.

Bond markets showed signs of recovery as investor confidence grew, leading to narrowed spreads and reduced volatility.

The Federal Reserve maintained interest rates amid economic uncertainties and pressure from President Trump, focusing on tariff risks.

U.S. stocks declined after Fed Chair Powell's comments indicated no decision on a September rate cut, disappointing investors.

U.S. copper prices dropped after President Trump exempted refined metals from tariffs, while new tariffs on other products were imposed.

Bajaj Finance's stock decline raises concerns about stress in India's non-banking financial sector amid rising non-performing assets.

India's top nine private banks reported a modest 2.7% profit growth in Q1, impacted by sluggish credit and deposit growth.

US President Trump's 25% tariff on Indian imports has caused significant turmoil in the Indian stock market, leading to a drop in the Gift Nifty and the rupee.

Novo Nordisk's market value plummeted by $70 billion following a profit warning and a revised sales outlook for its weight-loss drugs.

Tata Motors' shares fell 4% after announcing a $4.5 billion acquisition of Iveco.

LG Energy Solution secured a significant $4.3 billion battery supply deal, enhancing its market position.

Dilip Buildcon's shares surged 7% after reporting a remarkable 94% year-on-year profit increase in Q1.

Mahindra & Mahindra reported a strong 24% year-on-year increase in Q1 consolidated net profit, driven by gains in the auto and farm sectors.

Piramal Enterprises experienced a 52% increase in Q1 net profit, attributed to improved margins and lower credit costs.

Starbucks executives noted improved traffic trends, indicating a potential recovery despite a challenging quarter.

Ford Motor reinstated its full-year outlook after reporting better-than-expected second-quarter revenue, despite facing a $2 billion tariff hit.

Meta shares jumped 10% after reporting strong revenue and raising its forecast, driven by robust earnings.

Microsoft's stock rose 7% following strong earnings, with Azure annual revenue surpassing $75 billion.

A massive earthquake in Russia has triggered tsunami waves, prompting evacuation orders in California, Hawaii, and Japan.

Labour leader Keir Starmer faces backlash over the UK's position on Palestinian statehood amid the ongoing Gaza crisis.

Progress is reported in US-China trade truce talks, which are crucial for global economic stability.

Skepticism rises over the EU's $750 billion energy purchase from the U.S., questioning its feasibility.

Australia's inflation rate has dropped to its lowest since March 2021, raising speculation about a potential interest rate cut.

The Eurozone economy shows resilience with a 0.1% growth in the second quarter despite global trade challenges.

The U.S. has imposed sanctions on a Brazilian judge involved in the prosecution of former President Jair Bolsonaro.

A technical issue at UK air traffic control led to the cancellation of over 100 flights, disrupting summer travel plans.

The US has imposed a 40% tariff on Brazil, raising total levies to 50%, amid allegations of unfair trade practices.

President Trump has signed an executive order ending the de minimis exemption for low-cost goods shipped globally, impacting international trade.

A woman has pleaded guilty in a $30 million scam that misled over 150 individuals, primarily from China, into investing for access to a Trump fundraiser.

The DOJ is pushing for the release of grand jury information in the Epstein-Maxwell case, highlighting concerns over the previous administration's actions.

Many Americans are struggling to pay their credit card bills, prompting experts to offer advice on effective debt management.

Thousands are facing delays in the Public Service Loan Forgiveness program, a situation exacerbated since the Trump administration.

Google is enhancing AI skills among its workforce to improve efficiency amid rising competition.

Ethereum marks its 10th anniversary, showcasing its resilience and potential for future growth despite recent hurdles.

Bernstein analysts suggest a TSMC alternative to meet semiconductor supply demands, identifying a key player in the industry.