Copper prices settled 3.2% lower, and recent swings reflect heightened uncertainty across base and precious metals this year, with investors rapidly unwinding bullish bets after sharp rallies. Although copper remains up roughly 5% so far this year, with prices touching a record above $14,500 a ton last week.Market pressure has been linked to signs of weakening spot demand in China, the world’s largest consumer, where higher prices have made the metal expensive for fabricators. Inventories in London Metal E ...

Group 1 - Airbus' main aircraft production target is uncertain due to the lack of a supply deal with engine maker Pratt & Whitney [1]

Tippapatt/iStock via Getty Images To Our Partners: Tourlite Fund, LP returned 0.2% for the Fourth Quarter and 2.8% for the full-year 2025. Since inception, the Fund has delivered annualized returns of 8.1%, compared to 13.3% for the S&P 500 and 6.5% for the Russell 2000. 1,2 Q4 2025 2025 YTD Annualized Return 3 Tourlite 0.2% 2.8% 8.1% S&P 500 2.7% 17.9% 13.3% Russell 2000 2.2% 12.8% 6.5% Gross Contribution & Average Portfolio Exposures Gross P&L2025 YTD Q4 2025 Gross P&LQ4 2025 Avg. Dol ...

Core Viewpoint - Precious metals, particularly silver and gold, experienced significant declines, with silver plunging nearly 17% and gold dropping over 3%, largely due to a strengthening dollar and easing geopolitical tensions [1][2][3]. Market Impact - Indian markets were heavily affected, with MCX silver March futures falling over 8% and MCX gold trading 1% lower. Equity markets also suffered, with Axis Silver ETF collapsing by up to 21% and Nippon India Silver ETF dropping 13% [2][14]. Reasons for Price Decline - **Strengthening Dollar**: The dollar reached a near two-week high, making dollar-priced gold more expensive for foreign currency holders, thus reducing demand for precious metals [3][14]. - **Geopolitical Easing**: Reduced tensions, particularly between the US and Iran, diminished gold's appeal as a safe-haven asset [6][14]. - **US-China Relations**: A positive phone call between US President Trump and Chinese President Xi Jinping alleviated concerns about escalating economic tensions, further dampening demand for safe-haven assets [8][14]. Analyst Perspectives - Some analysts view the selloff as a healthy consolidation rather than a trend reversal, suggesting that the broader uptrend for gold remains intact despite recent volatility [10][15]. - Others express caution, indicating that the decline in silver and other metals may continue, with MCX Silver March prices expected to drop to ₹235,000/kg amid weak international trends [11][15]. Tactical Guidance - Recommendations include buying gold above ₹154,000 with a target of ₹156,800-₹158,500 and silver above ₹270,000 with a target of ₹278,000-₹284,000, indicating potential recovery points [12][15]. - Analysts from Standard Chartered expect continued volatility in gold prices until there is more certainty regarding monetary policy, while structural drivers for precious metals remain intact [13][15].

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Nifty Bank index began today’s session with a gap-up at 60,315 versus yesterday’s close of 60,238. It is now hovering around 60,250.The advance-decline ratio stands at 8-6, showing a positive bias. Union Bank of India (up 1.7 per cent) and State Bank of India (up 1.1 per cent) are the top gainers in the Nifty Bank index.On the other hand, IndusInd Bank (down 1 per cent) and Axis Bank (down 0.8 per cent) are the top losers.Nifty PSU Bank has advanced nearly 1 per cent so far today whereas Nifty Private Bank ...

Sector Overview - The chip sector is experiencing remarkable earnings growth and guidance, with companies like Coherent and Lamb Research struggling to meet high demand due to capacity constraints [1][2] - There is a notable pivot from Software as a Service (SaaS) companies towards hardware and power infrastructure stories, indicating a shift in investment focus [5][6] Company Insights - Companies like Broadcom and Nvidia are highlighted as strong performers, with Nvidia being central to AI and robotics advancements [3][20] - Tesla is viewed as a transformative company with potential catalysts in full self-driving AI and robotics, alongside its space initiatives [10][12] - The anticipated SpaceX IPO is expected to renew interest in Tesla and its leadership in AI and self-driving technology [14] Market Dynamics - The memory chip sector is considered cyclical and less favorable for investment, while other chip names are seen as more stable [3] - The demand for chips continues to outpace supply, with companies unable to fulfill orders, indicating a strong market position for leading firms [2][20] - The competitive landscape is evolving, with companies like Nvidia and AMD gaining significant market share, reflecting the importance of strong management in navigating market challenges [21][22]

Core Insights - Kotak Mahindra Bank Ltd. is recruiting 500 engineers to enhance its technology capabilities and long-term competitiveness [1] - The Chief Technology Officer aims to create a "technology company with a banking license" by targeting talent from large tech firms and competing banks [2] Technology Investment and Strategy - The bank's technology workforce exceeds 2,000, primarily sourced from major tech and financial firms [2] - Kotak's strategy combines talent from deep tech companies with domain expertise, likening it to a blend of ginger and cardamom in chai [3] - The Indian banking sector is increasing tech investments due to growth in deposits and credit activity, with larger banks adopting AI for customer service and fraud detection [3] Competitive Landscape - Kotak's technology push positions it against technologically advanced lenders like DBS Group Holdings and Macquarie Group [4] - A regulatory technology embargo was lifted, allowing Kotak to accelerate its tech initiatives [4] Operational Improvements - The bank has reworked its core banking systems and reduced reliance on external vendors, enhancing control over critical infrastructure [5] - Kotak has achieved over a year without unplanned outages in its core banking system, while transaction volumes have increased by 60% to 70% year-on-year [6] Future Hiring and Tech Spending - The bank plans to hire an additional 300 to 500 engineers in the next financial year starting April 1 [7] - Tech spending has risen to approximately 13% of operating expenses, up from around 10% two years ago, with a focus on automation to manage costs [8] AI Integration - AI is becoming central to Kotak's operations, with machine learning used for transaction monitoring and cybersecurity [9] - The bank anticipates that nearly all operations will be AI-infused within eight months, with hundreds of engineers already utilizing AI tools [9]

This week's "software armageddon" is nothing more than a tech stock "garage sale," according to Wedbush analyst and AI mega-bull Dan Ives. While software stocks tanked this week amid investor panic over the threat of AI disruption, Ives wrote in an industry note published Wednesday that, rather than an industry-wide catastrophe, the sell-off is an opportunity to buy typically high-priced stocks at a discount.Ives's bullishness is hardly new; he has spent years urging investors to lean into tech selloffs, e ...

Google parent Alphabet reported solid results on Wednesday, but it was targeting capital ‌expenditure of $175 billion to $185 ‌billion this year, sharply above analysts' estimates. Shares swung wildly - down over 6% at one point -before settling just 0.4% lower after-hours.Investors have been rotating out of technology ‌giants and into defensive stocks such as Walmart amid fears of AI disruptions to jobs. The recent selloff, triggered by a new legal tool from Anthropic's Claude large language model, has wi ...