GLOBAL BRIEFS - CPA

• Investors are monitoring key economic indicators today, specifically the US ISM Services PMI and a scheduled speech by Federal Reserve Governor Christopher Waller. • Market attention is also focused on Nike's stock valuation following a "tricky" earnings report released on June 30, 2026.

• The Globe and Mail identifies Microsoft Corp (MSFT-Q) as a top stock recommendation due to its leadership in artificial intelligence infrastructure. • The company is leveraging its strategic partnership with OpenAI to drive growth, reporting an 18% increase in revenue.

• Several stocks, including HDFC Bank, IDBI Bank, and L&T Finance, are expected to be in focus during trading on July 6 following strong business updates. • Specific corporate developments include NTPC Green signing a 1,200 MW Power Purchase Agreement (PPA) and NBCC securing new orders valued at Rs 132.28 crore.

• Kevin Warsh is influencing a shift in how the US Federal Reserve communicates its monetary policy decisions. • This change in communication style is forcing Singaporean market analysts to adapt their methods for interpreting Fed signals.

• The Indian stock market surged on Monday, with the Sensex climbing 500 points to its day's high and the Nifty approaching the 24,400 mark. • Defence shares saw significant gains of up to 6%, driving the BSE India Defence and Nifty India Defence indices up by over 1% each.

• Investors are focusing on several key stocks today, including HDFC Bank, Coal India, Tata Steel, Bank of Baroda, and Nykaa. • The US Department of Justice clarified that its decision to drop criminal charges against Gautam Adani and seven others was based on the prosecution being "legally unsustainable."

• China has released a draft amendment to its e-commerce Law for public consultation to enhance platform economy regulation and industry governance. • The proposed changes aim to protect market participants and strengthen the overall oversight of digital commerce operations.

• Indian stock markets trended higher, with the Nifty climbing above 24,300 and the Sensex gaining over 200 points. • Banking stocks led the rally, featuring gains from Axis Bank (1.86%), HDFC Bank (1.76%), and AU Small Finance Bank (1.24%).

• The BSE Sensex jumped 500 points and the NSE Nifty50 crossed the 24,400 mark, driven by positive domestic and global cues. • Market gains were further supported by a continued decline in crude oil prices, boosting investor sentiment.

• A curated list of the top 20 current affairs pointers for the week of June 22-28, 2026, has been released to assist students preparing for the UPSC Prelims 2027. • Key topics covered include the NCB Annual Report 2025, the 'VIJAY' roadmap, India's first Defence Integrated Battle Group (IBG), and the Delhi EV Policy 2.0.

• India's net Foreign Direct Investment (FDI) has experienced a sharp decline, crashing from $28 billion to just $1 billion over a two-year period. • This downturn occurs despite gross FDI inflows reaching a record high of $94.5 billion in FY26, indicating a significant gap between incoming and outgoing capital.