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​ECB is expected to hold rates steady, balancing near-target inflation with trade and political risks. Lagarde signals limited easing possible, while internal debates highlight resilience versus disinflation risks. Stability remains the outlook.

Jupiter Wagons shares surged nearly 6% to Rs 338 after securing a Rs 113 crore order from Indian Railways for 9,000 LHB axles. The contract boosts the company’s rail infrastructure presence, with analysts maintaining a “BUY” rating and positive short-term momentum indicators.

Oracle s shares surged by 36%, adding $244 billion to its market cap after projecting substantial cloud infrastructure revenue growth, potentially reaching $144 billion by fiscal 2030. This rally briefly elevated Larry Ellison s wealth, nearing Elon Musk s.

LIC is facing a challenging year, with its shares down 15% and over 70% of its portfolio stocks in the red, some plunging as much as 74%. Despite the overall slump, select holdings like Tourism Finance Corporation and Laurus Labs have delivered strong gains.

Indian government bonds experienced a slight increase in early trading, fueled by optimism surrounding upcoming inflation data releases in both the U.S. and India. These figures are anticipated to influence expectations for monetary policy easing in both countries. Traders are closely watching U.S.

The S&P 500 and Nasdaq achieved record highs, fueled by Oracle s surge due to AI demand and encouraging inflation data, bolstering expectations of Federal Reserve interest rate cuts. AI-related chip stocks also rallied, while Apple declined. Investors are now awaiting consumer prices data for further inflation insights.

Gold prices saw a slight increase. This happened after U.S. producer price data came out lower than expected. The data increased anticipation of a Federal Reserve interest rate cut. Investors are now waiting for U.S. Consumer Price Index data. The Federal Reserve is expected to make a decision on interest rates next Wednesday.

The dollar stabilized as expectations grew for a Federal Reserve rate cut following a surprise drop in U.S. producer prices. Markets anticipate a rate cut, with attention on the size of the reduction and potential changes to the Fed s rate-setting panel. Elsewhere, the yen remained steady, while the euro rose ahead of the ECB meeting amid geopolitical tensions.

The Australian and New Zealand dollars showed stability near recent high points. Investors are keenly waiting for the U.S. inflation figures. Technical momentum supported potential gains. The Reserve Bank of Australia is unlikely to ease rates soon. Meanwhile, the Reserve Bank of New Zealand maintains a dovish outlook. Australian gold exports have surged significantly this year.

Alibaba plans to raise $3.2 billion through a zero-coupon convertible bond to fuel international expansion and bolster its cloud computing business. Nearly 80% will upgrade data centers and technology for cloud solutions, while the rest enhances global e-commerce. This move follows previous bond issuances and aligns with Alibaba s significant AI investment, aiming to drive cloud revenue growth.