India's Trade Ministry Officials says that India will need to import USD 300bln annual worth of goods and the US will be one of the key suppliers of energy, aircraft and chips
This announcement underscores India's increasing reliance on imports, particularly from the U.S., which highlights the strategic role of the U.S.
European Movers: BNP Paribas (BNP FP) +3.5%, Saab (SAABB SS) +2.3%, Hannover Re (HNR1 GY) -0.9%, ArcelorMittal (MT NA) -1.0%, Shell (SHEL LN) -1.1%, BBVA (BBVA SM) -5.2%, Maersk (MAERSKB DC) -6.2%
Volvo Cars (VOLCARB SS) CEO says that the Co. saw quite an impact in Q4 from the US tariffs
India's Trade Ministry Officials says that India will need to import USD 300bln annual worth of goods and the US will be one of the key suppliers of energy, aircraft and chips
French Industrial Production MoM (Dec) M/M -0.7% vs. Exp. 0.2% (Prev. 0.1%, Rev. From -0.1%)
Russian Envoy Dmitriev says Russia-US meetings in Abu Dhabi are positive; progress on a peace deal despite pressure from the EU and UK; active work ongoing to restore Russia-US relations
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in India's energy and technology sectors. For traders, this may indicate potential strengthening of bilateral ties that could influence trade flows, impacting currency valuations and commodity prices, particularly in energy and technology sectors. Keep an eye on how this might affect the INR's relationship with the USD and broader market sentiment towards emerging markets.
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