Stays

• The Euro weakened to approximately 1.1385 against the US Dollar on Thursday after the European Central Bank (ECB) decided to keep its key interest rates unchanged. • In its policy statement, the ECB highlighted that energy prices remain highly volatile and warned that the full inflationary impact of recent energy shocks has not yet materialized. • The decision reflects a cautious approach to monetary policy, as the bank intends to make future adjustments on a meeting-by-meeting basis based on economic data and inflation outlooks.

• The Indian stock market closed with mixed results, as the BSE Sensex ended 100 points higher while the NSE Nifty50 remained flat. • Market volatility was driven by a combination of geopolitical developments, macroeconomic trends, crude oil fluctuations, and foreign institutional investor activity. • Despite the Sensex gain, broader markets and several sectoral indices declined, signaling widespread caution among investors.

• Abheek Biswas, vice president of consumer insights at dentsu India, argues that India's streaming market is shifting from a phase of content abundance to one focused on relevance. • The core thesis is that long-term value for streaming platforms will now be driven by "what stays"—content that audiences continue to watch, recommend, and debate. • This shift matters because entertainment only creates lasting cultural and economic value when it integrates into the daily conversations and rituals of viewers.

• Foreign Direct Investment (FDI) in India has reached a five-year high, driven by strong capital inflows and resilient domestic demand despite global trade headwinds. • The services sector emerged as the primary growth engine with a 10% expansion, followed by industry growth of 7.3% and a more subdued 3.6% increase in agriculture. • This surge is significant as robust investment momentum and gross capital formation are currently offsetting global economic uncertainties and inflation.

• US and Iranian representatives concluded a round of talks in Doha without reaching a breakthrough, as the critical issue of Iran's nuclear programme was omitted from the agenda. • The next set of discussions is scheduled to occur after July 9, following the funeral of Iran's late Supreme Leader, Ayatollah Ali Khamenei. • Global oil prices dropped to their lowest level in four months after President Trump suggested that the likelihood of a full-scale conflict had diminished.

• US stocks traded within a narrow range on Wednesday as investors remained cautious ahead of the Federal Reserve's upcoming policy decision. • Oil prices remained below $80 per barrel, driven by market optimism regarding a potential peace agreement between the US and Iran. • The stability in the market reflects a balancing act between anticipation of interest rate changes and geopolitical hopes for stability in the Middle East.

Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest ratesUK inflation unexpectedly remained at 2.8% last month despite the Middle East war driving up energy prices, official figures have shown.May’s annual price rise reading recorded by the Office for National Statistics confounded economists’ forecasts of a rise to 3%. Continue reading...

• The FDA has issued multiregional guidance to optimize global hematology trials, emphasizing the need for better communication between regulators, trial designers, and investigators. • Key requirements include maintaining balanced regional enrollment and implementing rigorous control arms that remain relevant to the U.S. healthcare landscape. • These measures are critical to ensure that new hematology drugs successfully navigate the path to regulatory approval, reimbursement, and widespread clinical uptake.