Financial Summary: Tuesday, January 6, 2026

The U.S. has indicted Venezuelan President Maduro for drug trafficking, exposing a network of alleged criminal activities.

Widespread unrest in Iran due to a severe economic crisis has resulted in at least 29 deaths and over 1,200 arrests.

European leaders have united against U.S. President Trump's threats to annex Greenland, asserting the territory belongs to its people.

Crude oil prices have risen over 1% amid uncertainty regarding Venezuela's oil production following Maduro's indictment.

KLM has warned of a de-icer shortage following severe snowstorms at Schiphol Airport, leading to significant flight cancellations.

The Dow Jones Industrial Average reached a new record high, driven by strong performances in oil and banking stocks.

Indian markets fell over 350 points amid concerns over potential US tariffs, despite positive Q3 updates.

China's stock markets hit a decade high, fueled by rallies in the metals and financial sectors ahead of the Lunar New Year.

European stocks rose, with the Stoxx 600 reaching a record high, supported by positive global sentiment and acquisition news.

Japan's Nikkei index reached a record closing high, buoyed by an improved outlook for corporate profits.

Gold prices declined slightly after a significant overnight increase, reflecting a technical correction.

Five IPOs are set to launch this week, with grey market premiums indicating potential listing gains of up to 70%.

NALCO shares surged to a record high, gaining 12% in four sessions due to rising global aluminium prices.

Shares of Indian Energy Exchange surged 14% following indications of a potential rollback of proposed market coupling rules by CERC.

U.S. Treasury yields rose slightly as the market anticipates a busy economic calendar ahead.

Natural gas futures in the U.S. continued to decline for the fifth day due to unseasonably warm January weather affecting heating demand.

Venezuela bonds are gaining attention on Wall Street as investors speculate on potential political changes and asset recovery opportunities.

RBI Governor Sanjay Malhotra emphasizes the need for better underwriting practices among NBFCs and HFCs to promote sustainable financial growth.

Small Finance Banks in India achieve a record net hiring of 26,736 jobs in FY25, leading the banking sector in employment growth.

The Payments Regulatory Board in India convenes for its first meeting to create a new regulatory framework for payment systems.

A global survey indicates that India has a high level of trust in its tax system compared to other nations.

Nvidia plans to test a robotaxi service in 2027, emphasizing its commitment to self-driving technology.

Elon Musk's X is under investigation in several countries due to explicit content generated by the Grok chatbot.

Meta has delayed the global launch of its Ray-Ban smart glasses due to high demand and inventory issues in the U.S.

AMD's CEO Lisa Su states that AI is changing hiring practices, indicating potential job growth.

Elon Musk's xAI has raised $20 billion in funding, with a projected valuation of $230 billion.

US oil refiners are set to import Venezuelan crude, signaling a potential revival of the country's oil sector.

Ola Electric shares surged 27% following reports of improved operational performance ahead of 2026.

Kotak Mahindra Bank reported a 16% year-on-year growth in net advances for Q3 FY26.

Adani Ports announced a 9% year-on-year increase in cargo volumes for December 2025, indicating steady growth.

SAIL shares gained attention after reporting a record December sales with a 37% year-on-year increase in volumes.

Emkay upgraded Bajaj Auto shares to a buy rating, predicting a 17% upside due to strong growth prospects.

PNC completed its $4.1 billion acquisition of FirstBank, enhancing its market presence.

IBM is leading a digital upgrade for Egypt’s Bank NXT, enhancing its technological capabilities.

Claire’s and The Original Factory Shop are facing administration, putting 2,550 jobs at risk.

Ford reported its best annual U.S. vehicle sales since 2019, selling 2.2 million vehicles in 2025.

Titan Company reports a 40% year-on-year growth in its consumer business for Q3FY26, with jewellery sales up 41%.

GameStop announces the closure of hundreds of stores as part of a significant retail shakeup amid ongoing industry challenges.

Dell issues a warning to employees after violations of work policy, emphasizing adherence to company guidelines.

Concerns rise as enhanced premium subsidies for ACA health insurance are set to expire, potentially leading to significant tax bills for many Americans.

A New York mother of seven shares her family's struggle with $700,000 in debt, highlighting the challenges of managing finances with credit cards.