Street Calls of the Week

• Global economic indicators show mixed results, with stalling US industrial production, stuttering export growth in Singapore, and declining auction activity in Australia. • Financial markets are reacting with the US 10-year Treasury yield at 4.55%, rising oil prices, and the NZ dollar trading at 58.4 US cents.

• Asian stock markets showed mixed results as investors reassessed their positions in artificial intelligence (AI) stocks. • Chinese semiconductor firms saw significant gains, with Semiconductor Manufacturing International Corp jumping over 4% and Hua Hong Semiconductor surging more than 6%.

• Brent crude oil prices surged 3%, climbing above $90 per barrel as tensions between the US and Iran intensify. • Bitcoin remains steady near $64,500, suggesting that sellers have not yet gained decisive control despite the geopolitical escalation.

• Asian stock markets declined on Monday, July 20, as rising oil prices driven by escalating Middle East conflicts sparked renewed inflation concerns. • South Korea's chip-heavy market fell 0.6%, following a significant nearly 9% drop during the week ending July 19.

• The FTSE 100 is projected to open slightly lower on July 20 as investors react to global market weakness and heightened geopolitical tensions in the Middle East. • Market participants are closely analyzing oil price fluctuations and corporate earnings reports to gauge the current state of global economic growth.

• Several companies announced key corporate developments ahead of the July 20 trading session, including the NCLT's approval of Authum Investment & Infrastructure's plan to acquire Creatoz Builders. • JSW Steel has approved the sale of shares worth up to Rs 811 crore for a proposed JSW Cement IPO, while Dr Lal PathLabs secured a Rs 32.66 crore ESOP expense deduction following a successful tax appeal.

• Indian stock markets declined on Monday, with the Sensex slumping 600 points and the Nifty testing the 24,200 level. • The selloff was primarily driven by escalating Iran-US tensions and investor concerns over rising Brent crude oil prices.

• Crypto markets are bracing for a high-impact week of external catalysts, including Q2 earnings reports from Tesla and Alphabet on July 22. • Key macroeconomic events follow, with the European Central Bank announcing its latest rate decision on July 23 and business surveys releasing on July 24.

• The Indian stock market experienced a significant downturn, with the BSE Sensex dropping over 670 points and the NSE Nifty50 falling below the 24,200 mark. • This decline is attributed to a combination of recent corporate earnings announcements, global market cues, and shifting macroeconomic developments.

• The European Union's top financial services official has indicated that the EU is unlikely to completely abolish a contentious bank capital rule currently under review. • Instead of a full repeal, the official suggested implementing temporary adjustments to the regulations to better support the immediate needs of the European economy.

• Asian stock markets remained hesitant as rising oil prices, driven by escalating conflict in the Gulf, sparked renewed concerns over global inflation. • The surge in energy costs is influencing expectations regarding the Federal Reserve's timeline for potential interest rate hikes.

• Asian stock markets experienced instability as Brent crude oil prices climbed to $90 per barrel amid intensifying conflict between the US and Iran. • In a major industrial win, Foxconn has reportedly secured an AI server order from SpaceX estimated to be worth $52 billion.