Swings

• The BBC has announced a series of significant cost-cutting measures targeting Breakfast and Radio 4 as part of a broader plan to save £160 million. • These budget reductions are designed to streamline operations and reduce spending across the broadcaster's key programming and radio services. • The move has drawn sharp criticism from Equity, the entertainment and performing arts trade union, which expressed concern over the impact on staff and production.

• Indian equities are expected to remain highly sensitive to geopolitical developments this week, with markets tracking the ongoing US-Iran situation and fluctuating crude oil prices that could trigger sharp movements in large-cap stocks. • Foreign investors have withdrawn Rs 14,231 crore from Indian equities so far in May amid global macroeconomic uncertainties, signaling reduced confidence in the market amid external headwinds. • Key macroeconomic releases this week include India's April CPI inflation data and US inflation prints (CPI and PPI), which analysts warn could materially shape Federal Reserve rate-cut expectations and global risk sentiment.

In what is beginning to look like a fragmented five-party system, small swings carry outsized political consequencesCabinet reshuffles, party infighting, policy reversals, byelections, defections and apparently huge swings in support – the UK’s political news cycle feels especially relentless at the moment.But if you look closely at the polls since last year’s local elections, remarkably little has changed. Continue reading...