PRE-MARKET INDIAN STOCKS NEWS: US and India announced an interim trade agreement on Friday
The announced interim trade agreement between the US and India marks a significant thaw in trade relations, with India reducing tariffs on US goods and committing to substantial purchases from the US.
Japanese PM Takaichi says the potential of our alliance with the US is limitless and she is sincerely grateful to US President Trump for his warm words
Malaysian Industrial Production YoY (Dec) Y/Y 4.8% (Prev. 4.3%)
PRE-MARKET INDIAN STOCKS NEWS: US and India announced an interim trade agreement on Friday
[MARKET ANALYSIS] Asia-Pac stocks rally with Japan leading the advances following PM Takaichi's landslide victory
Japanese 6-Month Bill Auction 0.8484% (Prev. 0.7697%)
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Reliance Industries (RIL IS) - Co. subsidiary Reliance Consumer Products acquired a majority stake in Australia’s popular “better-for-you” beverage company, Goodness Group Global. (Moneycontrol)
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Tata Steel (TATA IS) - Co. Q3 (INR) consolidated profit 27.3bln (prev. 3.0bln Y/Y), rev. rose 6.3% Y/Y to 570.0bln. (Moneycontrol)
Other News
US and India announced on Friday that they reached a framework for an interim agreement regarding reciprocal and mutually beneficial trade, in which India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, while the US will apply a reciprocal tariff rate of 18% and will remove tariffs on certain aircraft and aircraft parts. India and the US will significantly increase trade in technology products, and India intends to purchase USD 500bln of US energy products, aircraft and aircraft parts, precious metals, technology products and coking coal over the next five years. Furthermore, India agreed to eliminate restrictive import licencing procedures that delay market access for, or impose quantitative restrictions on, US ICT goods. (Newswires)
This development is likely to boost bilateral trade and improve market sentiment, particularly in sectors like technology and energy. Expect heightened activity in the equities market, especially for companies directly involved in trade with the US, as well as potential impacts on the broader commodities market due to increased energy imports from the US.
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