Copper demand is shifting, with the US and India poised to outpace China’s growth over the next decade. While China remains the largest consumer, its focus is moving from new construction to maintenance. Emerging drivers like AI data centers and grid upgrades outside China are set to reshape global copper prices, signaling a new era…
India’s luxury watch market is poised for significant growth, with an estimated 11-12% annual expansion. This surge is fueled by a growing affluent population and high-net-worth individuals, alongside increasing aspirations and urbanisation. Consumers are increasingly opting for premium and ultra-luxury brands, driving up average selling prices substantially over the past five years.
India’s organized apparel retail sector is projected to see revenue growth of 13-14% this fiscal, boosted by a rationalized 5% GST on apparel up to Rs 2,500. This move stimulates demand in mid-premium and value segments, offsetting a potential slowdown in the premium category due to an 18% GST hike.
China is now using American trade tactics. Beijing requires foreign firms to get government approval to export magnets with Chinese rare earth materials. This move mirrors a US policy used to restrict China’s access to technology. China is learning from past trade wars and has created its own ‘unreliable entity list’ and anti-sanction laws.
Gold and silver rebounded strongly on Monday, recovering from recent dips and reaching new highs. Investors sought refuge in these safe-haven assets amidst ongoing global uncertainties. Analysts remain optimistic about bullion’s outlook, citing continued geopolitical risks and expectations of US monetary easing.
President Trump indicated a willingness to reduce tariffs on Chinese goods if Beijing agrees to concessions, including increased soybean purchases and halting rare earth mineral restrictions. These remarks follow the US’s announcement of an additional 100% tariff on Chinese imports, escalating trade tensions ahead of fresh negotiations.
Asian markets rallied, led by Japan, as investors anticipate a new prime minister. Hopes for de-escalated US-China trade tensions, following weekend talks, also boosted sentiment. China’s economy showed stronger-than-expected third-quarter growth, while upcoming US inflation data is expected to have minimal impact on interest rate cut plans. Gold held firm, while oil prices saw a…
Kering is selling its beauty division, including the prestigious perfume brand Creed, to L’Oreal for $4.6 billion. This strategic move aims to significantly reduce Kering’s substantial debt. The deal also includes 50-year exclusive licenses for L’Oreal to produce beauty products for Kering’s major fashion houses.
US President Donald Trump has once again warned India of “massive” tariffs if it continues to purchase Russian oil, claiming Prime Minister Modi personally assured him of a halt. Earlier, the ministry of external affairs has rejected these remarks, stating its energy policy prioritizes consumer interests and stable, secure supplies through diversified sourcing.
Motilal Oswal Financial Services has identified Hyundai Motor and Laurus Labs as top stock picks for Diwali week. Hyundai plans a massive investment in R&D and capacity expansion, aiming for significant revenue growth and new model launches, including EVs.
