Financial Summary: Wednesday, August 13, 2025

The S&P 500 and Nasdaq reached record highs as investors anticipate Federal Reserve rate cuts and easing inflation.

China's stock market rallied on increased domestic liquidity and positive investor sentiment.

Indian benchmark indices Sensex and Nifty rose over 200 points, driven by positive global cues and Fed rate cut expectations.

Japan's Nikkei index surpassed 43,000 for the first time, continuing a rally influenced by strong Wall Street performance.

European shares rose on hopes of Federal Reserve rate cuts, with technology and defense sectors leading the gains.

Nykaa shares surged 5.4% following a strong Q1 earnings report, with brokerages expressing bullish sentiments.

Profit-taking is shifting investor focus from high-value to value stocks, favoring large- and midcap stocks in volatile markets.

RVNL shares fell 4% after a nearly 40% drop in Q1 profit, reflecting ongoing bearish momentum in the stock.

Bitcoin, Ethereum, and XRP prices rose alongside stock markets, indicating a strong correlation between crypto and equities.

Bullish, a cryptocurrency exchange led by former NYSE President Tom Farley, saw its stock soar, marking a significant moment for the IPO market.

India is revising its oil import strategies to enhance energy security amid increasing U.S. pressure.

The Indian stock market is facing volatility as companies report disappointing earnings following a surge in IPOs.

The UK Treasury has appointed a former John Lewis chair to enhance its business strategy under Chancellor Rachel Reeves.

CoreWeave's shares fell despite exceeding revenue expectations and forming new partnerships with OpenAI and major banks.

Circle Internet Group's shares declined following the announcement of a plan to offer 10 million Class A common shares.

Paytm's parent company received approval from the RBI for its subsidiary to operate as an Online Payment Aggregator.

Canada's Gildan Activewear announced its acquisition of HanesBrands for $2.2 billion, expanding its market presence.

Sapiens International's stock surged 44% as it prepares to go private in a $2.5 billion deal, reflecting strong investor interest.

Muthoot Finance reported a 90% YoY increase in Q1 profit to Rs 2,046 crore, driven by strong loan growth and lower provisions.

Jubilant Foodworks saw a 63% YoY surge in Q1 profit to Rs 91 crore, outperforming expectations due to strong delivery demand.

Amazon launched same-day delivery of meat, eggs, and produce in over 1,000 U.S. cities, with plans for further expansion.

Walmart is expanding grocery discounts for 1.6 million employees amid renewed inflation concerns due to tariffs.

The crypto exchange Bullish saw its stock surge 170% on its market debut after pricing its IPO above expectations.

Hilton reached a new all-time high in stock value, reflecting steady profit and sales growth.

Cisco reported a narrow earnings beat for its fiscal fourth quarter, aligning with analysts' expectations and issuing an inline forecast for the year.

Fast-casual restaurant chains like Chipotle and Cava are experiencing a slowdown in consumer spending after previously bucking industry trends.

Goldman Sachs faces criticism for predicting higher tariff-induced inflation, a view shared by other economists amid rising trade tensions.

A former Goldman Sachs and JPMorgan executive is charged with gambling away investor funds in an online casino venture.

France, Germany, and the UK have reimposed sanctions on Iran, activating the UN's 'snapback' mechanism to push for renewed nuclear negotiations.

European leaders are collaborating with Ukrainian President Zelenskyy to formulate a unified strategy with the US regarding the ongoing war in Ukraine.

President Trump warns of 'very severe consequences' for Putin if the Ukraine war continues, emphasizing the need for a ceasefire in upcoming talks.

Wildfires are spreading dangerously close to southern European capitals, with a nearly 50% increase in blazes reported amid ongoing heatwaves.

CoreWeave reported revenue exceeding estimates, driven by strong demand for compute resources amid a growth slowdown.

Amazon Web Services CEO highlights the need for soft skills like critical thinking and creativity for job seekers in the AI era.