Latest Stock Market News

Investors are increasingly turning to gold ETFs amid political and economic unpredictability under the Trump administration. Gold prices have hit a record high, with a notable increase in U.S. investors moving away from equities. Continuous inflows into gold ETFs suggest its growing role as a safe haven, though the market may be overbought.

U.S. stocks rebounded on Friday, but all three main indexes were on track for weekly declines following a selloff earlier in the week, triggered by fears of a growth slowdown due to the Trump administration s erratic trade policies.

Xiaomi s stock has surged 340% in a year, making it one of China’s most expensive tech stocks. Investors await its earnings and the launch of its YU7 electric SUV, a key test for its ambitious $10 billion EV expansion.

Despite a market downturn fueled by Trump’s trade war, retail investors poured $7.3 billion into stocks, favoring Tesla and leveraged ETFs. While Wall Street grows cautious, individual investors remain bullish, raising concerns that a true market bottom is yet to come.

BMW anticipates trade tariffs will cost the company 1 billion euros in 2024, impacting its earnings margin. Tariffs, including 25% on steel and aluminium, and import tariffs on BMW vehicles to the U.S., are affecting global trade. Net profit fell by over a third due to weak sales in China and Germany. Investors were disappointed by the lower-than-expected margin forecast.

Spot gold surged past the key $3,000 per ounce mark for the first time on Friday, extending its historic rally amid trade tensions and expectations of U.S. rate cuts, bolstering its status as a safe-haven asset.

The yen weakened after union wage talks concluded in Japan, while the pound dipped due to faltering UK economic growth. The dollar gained, supported by renewed U.S.-EU trade tensions. Japan s wage hike was the highest in 34 years but fell short of union targets. The euro steadied, and Australian, New Zealand dollars firmed on hopes for China stimulus.

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European shares remained steady on Friday but were set for a weekly decline due to escalating trade tensions and concerns over economic slowdown. BMW s profit drop and tariffs announced by President Trump impacted investor sentiment, with significant declines in auto stocks and Universal Music Group.

The benchmark index continues its downward trend, testing key support at 22,000. Axis Securities predicts range-bound movement and suggests SRF and Globus Spirits as strategic buys with defined entry points, stop losses, and target levels for potential gains.