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Bayer AG posted better-than-expected profit in the second quarter, helped by a strong performance in its crop science business. Adjusted earnings reached €2.14 billion before interest, taxes, depreciation and amortization, Bayer said Tuesday. This result beat the €1.93 billion estimate, showing how the company got a boost from agricultural sales.
The Dow Jones index gained more than 600 points on Monday as U.S. stocks traded higher. While communication services shares jumped, Tyson Foods shares fell around 4% after the company posted results for the third quarter. Meanwhile, energy stocks fell by 1.7% and oil traded down 6.3% to $79.31 today.
Stock indices moved higher today as the S&P 500 rose 1.18% and the Nasdaq 100 gained 1.40%. Easing geopolitical tensions pushed oil prices lower, while strong US manufacturing data boosted market confidence. New York Fed President John Williams said, "interest rates remain well positioned and inflation should ease during the year."
Bank of America expects hyperscaler capital expenditures to top $1.2 trillion over the next 12 months. Analyst Vivek Arya said, “Hyperscale appetite to investing remains strong.” This massive spending surge benefits chip suppliers, as the AI infrastructure cycle keeps growing. BofA now sees nine semiconductor stocks offering at least 30% upside.
Stocks rallied on Monday as oil prices fell after President Trump canceled planned strikes against Iran. The Nasdaq led the market gains, while energy stocks struggled as oil costs dropped. President Trump also said he does not like how oil companies keep prices high, adding pressure to the energy sector.
US President Trump said the Iran conflict was working out very well and that Iran talks are going on now. While US officials noted no new negotiations are planned, there is cautious optimism regarding a breakthrough. Meanwhile, Iranian President Pezeshkian said Iran did not seek to expand regional tensions.
The Reserve Bank of India is expected to keep interest rates unchanged on Wednesday. Policymakers want to see if higher energy costs from the Middle East conflict push up inflation. Many experts feel the bank will wait to see how these global risks affect local prices before they change borrowing costs.
Tata Group’s battery unit, Agratas Energy Storage Solutions, started using its own technology to make lithium cells. This move helps the firm gain self-sufficiency as China tightened export curbs. Many experts said this shift is vital, noting, "Building local capacity is essential for India to lead the global energy transition."
President Donald Trump called the first US-Japan coordinated yen purchases a signal of friendship. Treasury Secretary Scott Bessent said, "The Trump administration delivers for America's trusted partners." While officials use this move to boost ties, many observers doubt the simple narrative. This intervention could now increase pressure on Japan regarding trade.
Indian lenders are racing to boost leverage on foreign currency deposits from overseas citizens, firing up dollar bond and loan markets. Global banks now rush to capture this business as dollar demand grows. This trend shows how diaspora funds help shape India’s financial landscape, creating new opportunities for many investors.
Australia’s household spending climbed 0.8% in June, beating expectations and showing resilient consumer demand. This growth arrived just a week before the Reserve Bank’s policy meeting. Experts said the bank will likely keep interest rates unchanged. This strong performance suggests the economy remains steady despite many pressures on local families.
Iran believes it holds the upper hand in its conflict with the US after the Trump administration repeatedly held off following through on its most severe threats, said Mona Yacoubian. This perception of weakness grew as many strikes got cancelled. Such hesitation showed Iran that the US might not act.