Market Overview - Indian equity markets experienced a volatile session, with the Nifty 50 decreasing by 32.85 points, or 0.13%, to close at 25,169.50, and the BSE Sensex falling by 57.87 points, or 0.07%, to 82,102.10, reflecting cautious investor sentiment amid currency weakness and mixed sectoral performance [1]. Currency Impact - The Indian rupee reached a record low of 88.62 against the U.S. dollar before settling at 88.75, driven by concerns over a recent U.S. visa fee hike and ongoing outflows from foreign institutional investors. A weaker currency raises concerns about import-led inflation but is also seen as beneficial for India's IT and metals exporters in the long term [2]. Top Gainers - Axis Bank led the market gains, increasing by 2.32% to ₹1,170.75. Bajaj Finance followed with a 1.95% rise, closing at ₹1,025.65. Other notable gainers included Maruti Suzuki, which climbed 1.83% to ₹16,097.95, State Bank of India, up 1.81% to ₹870.50, and Kotak Mahindra Bank, which rose 1.31% to ₹2,047.85 [3]. Top Losers - Trent was the biggest loser, declining by 2.34% to ₹4,892.00. Tech Mahindra fell 2.15% to ₹1,471.90. Hindustan Unilever and UltraTech Cement both saw a drop of 1.94%, ending at ₹2,521.55 and ₹12,400.70, respectively. Asian Paints also declined by 1.42% to ₹2,447.50 [4].

贸易政策及其发展带来的不确定性对经济和物价前景的影响仍然很高，且贸易和其他政策如何演变依旧高度不确定，还需要监控贸易政策对财政体系的冲 击。 同时公布的零售额数据也同比增长2.0%，高于预期的增长1.8%，反映出作为经济关键驱动力的日本私人消费，尽管面临顽固通胀和经济不确定性的阻力， 仍然保持韧性。近年来，私人支出一直是日本通胀的主要推动因素，也是日本央行加息的一个重要动因。 年底前或再次加息 贸易政策仍带来不确定性 日本央行预计2025~2027财年核心CPI预期中值分别为2.7%、1.8%和2.0%，相较于5月预期（2.2%、1.7%和1.9%），调升了对今明两年核心CPI的预期；将 2025财年国内生产总值（GDP）预期调升至0.6%，此前为0.5%，但维持2026和2027财年GDP预期分别为0.7%和 1.0%不变。该行称，潜在消费者通胀率可能 在2025~2027年财年预测期的下半段达到与2%目标基本一致的水平，潜在通胀可能因增长放缓而停滞，但随后将逐步加速；经济前景风险偏向下行，贸易政 策及其发展带来的不确定性对经济和价格前景的影响仍然很高，且贸易和其他政策如何演变依旧高度不确定，还需要监控贸易 ...