Global financial firms pivot to South Korea, cautious on China and India, survey shows - The Business Times

• European banks have formally urged financial regulators to refrain from intervening in equity markets. • The request emphasizes the importance of maintaining market-driven pricing and avoiding artificial regulatory interference.

• Axis Bank's Chief Financial Officer, Puneet Sharma, has resigned from his position. • Jagsonpal Pharmaceuticals will acquire 85% of Aequitas through a Share Purchase Agreement.

• The European Central Bank (ECB) is refining its approach to maintaining price stability and preserving the purchasing power of the euro amid an uncertain economic environment. • Since 2022, the ECB has focused on integrating advanced, real-time data and developing a specialized battery of underlying inflation indicators to better track economic trends.

• US stock futures surged following an agreement between the United States and Iran to halt military strikes after a weekend of clashes. • Both nations have agreed to resume diplomatic talks in Qatar this week, with negotiators aiming to secure a final peace deal within 60 days.

• On June 29, Foreign Institutional Investors (FIIs) became net sellers, offloading equities worth ₹1,350 crore, while Domestic Institutional Investors (DIIs) continued a five-session buying streak with ₹2,800 crore in purchases. • GIFT Nifty is currently trading marginally higher at approximately 23,991.50, suggesting a positive opening for Indian domestic benchmark indices.

• Several major Indian financial stocks, including HDFC Bank, Axis Bank, SBI, and Yes Bank, are highlighted as key securities to watch today. • Coforge Ltd. is in focus following the appointment of Anup Nair as the company's new Chief AI Commercial Officer.

• Indian stock markets experienced a subdued trading session on Monday, with key indices declining amid profit-taking and mixed global signals. • Major companies including Bajaj Auto, ZEEL, BPCL, HDFC Bank, HUL, and Tata Motors CV are in focus due to significant corporate developments.

• Asian stock markets are positioned to achieve a record-breaking quarter, signaling strong bullish momentum across the region. • This growth coincides with a decline in the U.S. dollar, which has negatively impacted the value of gold and the Japanese yen.

• Asian stock markets showed mixed performance on June 30, with Japan's Nikkei 225 remaining volatile and the Topix falling 0.65%. • South Korea's Kospi initially surged 1.17% at the open but reversed its gains to trade 1% lower, while the small-cap Kosdaq declined 0.41%.

• A sharp decline in implied volatility drove a market rally on Monday, though the breadth of leadership within the rally has begun to narrow. • The current trend is characterized by increased single-stock volatility, suggesting that gains are concentrated in fewer assets rather than across the broader market.

• Global markets showed mixed results as investors evaluated the stability of an interim ceasefire in the Middle East following an agreement between the U.S. and Iran to halt hostilities. • Wall Street futures trended positive on Monday morning, attempting to recover after U.S. markets closed lower on Friday.