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Asian stocks showed mixed movement. Federal Reserve Chair Jerome Powell indicated that further interest rate cuts are not guaranteed. This led investors to adjust their expectations for easing. Markets are now awaiting policy signals from the Bank of Japan and the European Central Bank. Attention is also on the upcoming meeting between President Donald Trump and Xi Jinping concerning trade.
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News and Media
The European Central Bank plans to launch a digital euro in 2029, extending preparatory work after the current phase concludes. Officials will decide this week to proceed, contingent on a legal framework. Disagreements among EU lawmakers, particularly from the European People's Party, and concerns over US payment firm dominance are creating roadblocks.
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News and Media
Supreme Industries' shares dipped following a revised FY26 volume growth guidance to 12-14% due to a tepid first half. Temporary headwinds from prolonged monsoons and slower government spending impacted demand, particularly in the plastic piping business. Despite near-term challenges, the company anticipates stronger demand and a gradual revival in the latter half of FY26.
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News and Media
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