Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling over 350 points, the Dow down 0.55% to 48,922.97, the NASDAQ down 1.58% to 23,335.70, and the S&P 500 down 1.06% to 6,889.76 [1] - Energy shares increased by 2%, while information technology stocks decreased by 1.3% [1] Retail Sales and Economic Indicators - U.S. retail sales rose by 0.6% month-over-month in November, marking the largest increase since July, compared to a revised 0.1% drop in October [2][10] - The U.S. current account deficit decreased by 9.2% to $226.4 billion in Q3, against market expectations of a $238 billion gap [10] - U.S. producer prices increased by 0.2% month-over-month in November, consistent with market expectations [10] Commodity Market - Oil prices rose by 1.3% to $61.97, gold increased by 0.5% to $4,622.10, silver surged by 4.8% to $90.560, and copper rose by 0.3% to $6.0345 [5] European and Asian Markets - European shares were mostly higher, with the eurozone's STOXX 600 up 0.19%, Spain's IBEX 35 up 0.43%, London's FTSE 100 up 0.28%, Germany's DAX down 0.40%, and France's CAC 40 up 0.10% [6] - Asian markets closed mixed, with Japan's Nikkei up 1.48%, Hong Kong's Hang Seng Index up 0.56%, China's Shanghai Composite down 0.31%, and India's BSE Sensex down 0.29% [7] Company-Specific Movements - High Roller Technologies, Inc. shares surged by 289% to $13.64 after announcing a partnership with Crypto.com [9] - Clover Health Investments Corp shares rose by 10% to $2.78 following a year-over-year increase in membership growth [9] - Inspire Veterinary Partners Inc shares increased by 78% to $0.041 after filing to increase its authorized common stock [9] - Briacell Therapeutics Corp shares fell by 53% to $5.09 after pricing a public offering at $5.59 per unit [9] - Plus Therapeutics Inc shares dropped by 39% to $0.29 after announcing a public offering priced at $0.38 per unit [9] - Hub Cyber Security Ltd shares decreased by 39% to $0.33 following a reverse stock split announcement [9]

WASHINGTON, Jan 14 (Reuters) - The U.S. current account deficit narrowed sharply in the third quarter as tariffs weighed on ​imports and primary income surged. The Commerce Department's Bureau of Economic ‌Analysis said on Wednesday the current account deficit, which measures the flow of goods, ‌services and investments into and out of the country, contracted by $22.8 billion, or 9.2%, to $226.4 billion, the lowest level since the third quarter of 2023. Economists polled by Reuters had forecast the curr ...

Market Overview - U.S. stocks traded lower, with the Nasdaq Composite falling more than 100 points on Wednesday, while the Dow decreased by 0.21% to 49,090.31, the NASDAQ declined 0.67% to 23,551.77, and the S&P 500 dropped 0.47% to 6,931.31 [1] - Energy shares gained by 0.9%, while consumer discretionary stocks dipped by 0.9% [1] Company Earnings - Bank of America Corp reported a net income of $7.6 billion for Q4 fiscal 2025, down from $6.80 billion a year ago, with an EPS of 98 cents, beating the analyst consensus estimate of 96 cents [2] - Revenue increased by 7% year-over-year to $28.532 billion, surpassing the analyst consensus estimate of $27.944 billion [2] Commodity Prices - Oil traded up 1% to $61.73, gold increased by 1% to $4,643.70, silver rose by 5.8% to $91.365, and copper gained 0.5% to $6.0450 [5] Global Market Performance - European shares were mostly higher, with the eurozone's STOXX 600 rising 0.1%, Spain's IBEX 35 Index up 0.4%, London's FTSE 100 gaining 0.3%, Germany's DAX falling 0.5%, and France's CAC 40 rising 0.1% [6] - Asian markets closed mixed, with Japan's Nikkei surging 1.48%, Hong Kong's Hang Seng Index gaining 0.56%, while China's Shanghai Composite fell 0.31% and India's BSE Sensex decreased by 0.29% [7] Stock Movements - High Roller Technologies, Inc. shares surged 322% to $14.65 after announcing a partnership with Crypto.com [8] - Lottery.com Inc shares increased by 87% to $0.96, while Inspire Veterinary Partners Inc shares rose by 99% to $0.046 following an increase in authorized common stock [8] - Briacell Therapeutics Corp shares dropped 53% to $5.11 after pricing a $30 million public offering at $5.59 per unit [8] - Plus Therapeutics Inc shares fell 41% to $0.28 after announcing a $15 million public offering at $0.38 per unit [8] - Hub Cyber Security Ltd shares decreased by 40% to $0.32 after announcing a reverse stock split [8]

India’s current account deficit widened in the July–to-September quarter as US President Donald Trump’s 50% tariff hurt the country’s exports https://t.co/xwYOaW8FZE ...

Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, remaining in the "Greed" zone with a reading of 61.7, down from 62.3 [5] - U.S. stocks settled lower, with the Nasdaq Composite falling more than 200 points and the S&P 500 ending a three-day winning streak [1] Economic Indicators - The S&P Global U.S. Composite PMI slowed to 53.6 in September from 54.6 in August, indicating softer growth in services and manufacturing [2] - The U.S. current account deficit decreased by 42.9% to $251.3 billion in the second quarter [2] Sector Performance - Most sectors on the S&P 500 closed positively, with energy, real estate, and utilities stocks showing the biggest gains [3] - Information technology and consumer discretionary stocks closed lower, bucking the overall market trend [3] Company Earnings - Investors are awaiting earnings results from Cintas Corp., Thor Industries Inc., and KB Home [4]

New Zealand’s current account deficit has narrowed dramatically after a downward revision to imports because of more low-value parcels arriving from e-commerce retailers like Temu. https://t.co/tMUKd7fezC ...

South Africa’s current account deficit widened by more than expected in the second quarter https://t.co/wEULN6CCYc ...

Current Account Balance - India's current account deficit reached $2.4 billion in the April-June quarter [1]

Canada’s current account deficit reached the widest on record in the second quarter as the country’s exports to the US dropped because of the trade dispute. https://t.co/E6ioemfPDU ...

Investment Rating - The report maintains a Neutral rating on Titan due to demand uncertainty in FY26E caused by elevated gold prices and rich valuation [5][41]. Core Insights - UBS's Basic Materials team forecasts gold prices to rise to US$3,500 in 2026, driven by tariff uncertainty, weak growth, high inflation, and geopolitical risks [2][9]. - India's gold demand is expected to moderate to approximately 725 tonnes in FY26, a 7% year-on-year decline, before recovering to 800 tonnes in FY27 as household consumption stabilizes [4][23]. - Indian households hold the largest stock of gold globally, estimated at 25,000 tonnes, valued at around US$2.4 trillion, which is 56% of FY26 nominal GDP [3][13]. Summary by Sections Gold Price Forecast - Gold prices are projected to increase significantly, with annual averages expected to reach US$3,500 in 2026, reflecting a 23% increase from previous estimates [12]. Consumer Demand for Gold - Consumer demand for gold in India is anticipated to soften in FY26, particularly in jewellery, which constitutes 70% of total demand, expected to decline by 5-10% year-on-year [4][23]. - Retail investment demand remains strong, with a notable increase in gold bars and coins, driven by gold's performance as a safe-haven asset [20]. Economic Context - India's net gold imports are projected to remain high at US$55 billion to US$60 billion in FY26/27, accounting for 1.2% of GDP, despite a manageable current account deficit [40]. - The report highlights that the upcoming pay boost of approximately US$55 billion could support household consumption and stabilize gold demand [39][23]. Gold Mobilization Efforts - Policy initiatives aimed at mobilizing gold for productive uses have seen limited success, with households primarily using gold as collateral for loans [42][45]. - The Gold Monetization Scheme and Sovereign Gold Bonds have not achieved significant participation, leading to a discontinuation of some programs [44][45]. Company-Specific Insights - Titan is expected to pursue aggressive network expansion to capture market share as the market transitions from unorganised to organised [5][41]. - The report notes that while Titan's long-term proposition is favorable, the current demand uncertainty warrants a Neutral rating [5][41].