Bitcoin eased to around $91,000 on Friday, as Asian markets opened slightly higher and traders lined up the next catalysts, the US nonfarm payrolls report and a possible Supreme Court ruling on President Donald Trump’s tariffs. Early moves in the region stayed measured. Shanghai rose 0.58%, the SZSE Component added 0.36%, and Hong Kong’s Hang Seng gained 0.40% to 26,254.50. The China A50 slipped 0.16%, showing a more cautious tone in large-caps. Investors treated crypto the same way. Prices moved in a ...

The S&P 500 slipped 0.1%, while the 30-stock Dow fell 108 points, or 0.2%. The Nasdaq Composite underperformed, sliding 0.3% as pressure mounted on several large-cap technology stocks that have been key drivers of the market's recent gains. Markets have largely shrugged off global geopolitical risks in recent sessions, but the combination of rising tensions and policy uncertainty could test investor confidence as the year progresses. US equities opened lower on Thursday, pushing the S&P 500 and the Dow Jone ...

Donald Trump sent oil prices falling today after announcing that he will make Venezuelan oil flow “indefinitely” to the US.Thanks for joining us. That’s all we have for today.Rystad said hitting 3m barrels per day would be achievable by 2040 but said at least $30bn to $35bn of international capital would be needed in the next two to three years to make the goal “plausible”.Venezuela produced around 3m barrels per day before populist leader Chávez took charge in 1999 but it has plunged as a result of underin ...

Group 1 - Defence stocks in Europe experienced significant gains on Monday, driven by recent U.S. military action in Venezuela [1] - The military action in Venezuela has positively influenced market sentiment towards the defence sector [1]

By Ankur Banerjee and Rae Wee SINGAPORE, Jan 5 (Reuters) - Markets may have shrugged off the audacious U.S. capture of Venezuelan President Nicolas Maduro, but some investors warn that geopolitical risks are perhaps being underestimated after Donald Trump threatened further action in the ​Americas. Investors held their nerve on Monday, with stocks in Asia surging and oil prices down modestly although safe-haven flows lifted gold prices, after ‌President Trump said the U.S. would take control of the oil-p ...

Core Viewpoint - Antique projects CY26 as a potential turning point for Indian equities, anticipating a recovery in corporate profits and foreign portfolio investor (FPI) flows, with a target of 29,500 for the Nifty index, implying a 13% upside from current levels [1][13] Earnings Outlook - Nifty earnings are expected to grow at a compound annual rate of approximately 16% over FY26–28, significantly higher than the 7% CAGR recorded over FY24–26 [1][13] - The brokerage emphasizes an earnings-led market recovery rather than relying on multiple expansions, with corporate earnings positively correlated with wholesale price inflation and nominal GDP growth, both expected to normalize in FY27 [3][13] - A broad-based recovery in profits is anticipated, particularly in sectors such as electronics manufacturing services, telecom, industrials, and retail, while oil and gas, IT services, power utilities, FMCG, and automobiles are expected to lag [3][13] Capital Expenditure and Financials - The capital expenditure theme is expected to rebound after two years of slowdown, with favorable conditions across global monetary policies and domestic support [7][13] - Financials are a core focus, with expectations for banks to enter an earnings upcycle in CY26, supported by a strong domestic macro backdrop and the nearing end of the rate-cut cycle [8][13] - Public sector banks are favored due to comparable growth metrics to private lenders while trading at a 45% discount [8][13] Consumption Sector and Mid/Small-Cap Stocks - The broader consumption sector is viewed with caution due to high valuations and competitive pressures, although select discretionary segments like alcoholic beverages and hotels are seen positively [9][13] - Mid- and small-cap stocks are expected to show earnings growth that outpaces the Nifty over the next two to three years, driven by domestic cyclicals and increased capex activity [10][13] Stock Picks and Market Flows - Top large-cap stock picks include ICICI Bank, State Bank of India, and Hindustan Aeronautics, while mid-cap and small-cap preferences include Siemens Energy India and Chalet Hotels, respectively [11][13] - After a significant outflow of $17.5 billion from Indian equities in CY25, Antique anticipates stabilization and potential revival of FPI flows in CY26, supported by low FPI ownership and reasonable valuations [11][13] - Despite trading at a premium to historical averages, valuations are expected to be sustained due to lower bond yields and sectoral divergence, with many Nifty 500 stocks having corrected over 20% from their highs [12][13]

The domestic market closed higher on Monday, extending the year-end rally for the second consecutive trading session amid strong liquidity conditions and supportive global cues, as expectations of further US Fed easing in 2026 continued to bolster risk sentiment. FIIs turning net buyers reinforced the positive momentum, IT and metal stocks leading the gains, while investors now await the Q3 GDP estimate for clearer policy direction, said Vinod Nair, Head of Research, Geojit Investments, adding that caution ...

Core Insights - Defence stocks on the ASX have gained significant attention due to rising geopolitical tensions and advancements in military technology, leading to substantial capital inflow and sharp increases in share prices over the past year [2][15]. Company Summaries Droneshield Limited (ASX: DRO) - Droneshield's share price has surged by 348% in the past year, driven by a major European military contract worth $49.6 million and a strong pipeline of international orders [3][5]. - The company specializes in technology for detecting and neutralizing hostile drones, which are increasingly relevant in modern conflicts [4]. - Despite its growth, Droneshield's earnings are volatile, with potential sharp pullbacks following periods of high expectations [6][7]. Electro Optic Systems Limited (ASX: EOS) - Electro Optic Systems has experienced a remarkable share price increase of over 668%, attributed to large international contracts, including an $80 million deal for high-energy laser weapons in South Korea [3][8]. - The company has improved its operational execution, leading to better margins and clearer earnings visibility after previous challenges with cost overruns and delays [9]. - However, the company faces high expectations and is sensitive to long procurement cycles and geopolitical factors [10]. Austal Limited (ASX: ASB) - Austal's share price has risen by nearly 118%, supported by long-term contracts, including billion-dollar deals related to US naval expansion [12][13]. - The company focuses on designing and building naval vessels, providing more stable revenue visibility compared to its peers [12]. - Austal's business model offers exposure to defence spending through industrial execution, which entails steady cash flows but also risks related to cost control and project management [14]. Industry Overview - The ASX defence sector reflects a structural shift in defence spending and technology evolution, with Australian capabilities becoming increasingly relevant to allied nations [15]. - Investors are advised to understand the business models and contract flows of defence companies, as volatility can create opportunities for those familiar with the sector [15][16].

Core Viewpoint - European defence stocks experienced a decline following the announcement of U.S. officials proposing NATO-style security guarantees for Kyiv as part of a potential peace deal with Russia, which was discussed during talks in Berlin [1] Group 1 - The decline in European defence stocks occurred on Tuesday, indicating a market reaction to geopolitical developments [1] - The U.S. proposal for security guarantees is linked to ongoing discussions about a peace deal with Russia, highlighting the strategic importance of NATO's role in European security [1] - The talks in Berlin lasted for two days, suggesting a significant diplomatic effort to address the conflict and its implications for regional stability [1]

Core Points - Russia is introducing a new tax on electronics, primarily targeting imported consumer items, with an expected revenue of $2.7 billion to support the domestic electronics industry, including defense [1][2][4] - The new tax is part of broader fiscal measures, including VAT increases and taxes on small businesses, aimed at balancing the state budget amid high military spending and declining energy revenues [2][3] - The tax will be implemented in September 2026, with a focus on imported smartphones and notebooks, and will later extend to their components [3][4] Industry Implications - The electronics industry is deemed strategic for Russia, with import substitution being critical for maintaining the country's defense capabilities [3][4] - The lack of access to modern electronics has hindered Russia's competitiveness in artificial intelligence development, which relies heavily on advanced computing power [2] - The government plans to allocate tax proceeds to special funds dedicated to supporting domestic producers in the electronics sector [4]