GLOBAL TRADE WAR
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
All is fair in books and coffee at Frankfurt, despite AI anxieties and geopolitical unease
The Frankfurter Buchmesse this year experienced a decline in trade visitors and exhibitors amidst ongoing geopolitical tensions. Many Ukrainian publishers suffered losses due to the war, reflecting the continuing impacts of the Russia-Ukraine conflict. The event also highlighted innovative contributions from global comic book publishers and creators from various countries. Notably, the theme of this year's fair underscored the growing influence of machine intelligence in publishing.
Rubio to visit France on first post-midterm foreign trip to face questions on Trump policies
US Secretary of State Marco Rubio will attend the G7 foreign ministers meeting in France this weekend. This trip follows significant Republican losses in the midterm elections, raising questions about Trump's international policies. Rubio is expected to address various global issues, including the Iran and Russia-Ukraine conflicts. The meeting aims to cover topics like energy security and support for Ukraine amidst ongoing challenges.
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO
Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
Oil Price Today (November 6): Crude oil nears $100 again as fresh attacks dent peace talk hopes. What are experts saying?
Crude oil price : Oil prices are making a comeback as fears of supply interruptions grow following recent tanker attacks. President Donald Trump has reiterated that Iran must obtain US consent for its nuclear activities. Concerns about potential supply challenges loom large, prompting Goldman Sachs to revise its Brent and WTI crude price projections upwards. Meanwhile, diplomatic negotiations involving Iran, Saudi Arabia, and Qatar progress amid regional volatility.
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Sensex stages biggest rally since April as FIIs turn aggressive buyers
Foreign institutional investors significantly increased their purchases of Indian stocks, leading to substantial market gains. The BSE Sensex rose by 2,008.61 points, achieving its biggest jump since April. Easing crude oil prices contributed to reduced inflation expectations and improved India's macroeconomic outlook. Positive global cues, including gains in US markets, further supported investor sentiment and market performance.
Developing countries' debt hit record $9.4 trillion in 2025: World Bank
Most of the increase was driven by private financing, with borrowing from private creditors and bond issuance by public enterprises rising nearly 35 percent, the Bank's annual International Debt Report showed.
Rising oil prices cap India bond rally; traders cash in gains
Indian government bonds saw a rise as traders reacted to a US Treasury rally and falling crude prices. The benchmark 6.94% 2036 bond yield declined by nearly 2 basis points after intraday fluctuations. Oil prices rebounded after initially falling, causing traders to lock in profits. Attention will turn to upcoming inflation data, with expectations for an increase in October.
Donald Trump's political humbling after US midterms signals short-term gain, long-term pain for China
Donald Trump's US midterm election defeat could strengthen China's hand in upcoming US-China trade negotiations, giving Beijing leverage to push for tariff reductions and other concessions. However, Beijing remains wary of a potentially more hawkish US administration after Trump. China's concerns include Taiwan arms sales, a possible Iran war escalation, energy security and the future of its fragile trade truce with Washington.
Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes of easing input and fuel costs, while Trump's midterm setback added to the positive market sentiment.
Oil Price Today (November 5): Crude oil falls below $94 after 9% plunge on Wednesday after midterm results. More downside ahead?
Crude oil price : Crude oil prices have dropped significantly following the Democratic victory in the recent US midterm elections. This political shift has raised hopes for a possible negotiated settlement of the conflict in Iran. Goldman Sachs predicts potential price increases for oil if production issues persist in the Gulf region. Analysts face uncertainty in forecasting the future of the ongoing war and its impact on oil prices.
Iran's leaders say midterm results show US voters have rejected Trump's war
Iranians expressed defiance following the US midterm elections, celebrating the Democrats' victory over Donald Trump. Supreme leader Ayatollah Mojtaba Khamenei indicated no expectation of changes in US policy toward Iran. Politicians and officials warned of severe consequences if the US disregards the election results. Demonstrators in Tehran commemorated the 1979 US Embassy takeover, showcasing ongoing hostility. Recent military actions have intensified, raising concerns about potential renewed conflict in the region.
Foreign buying, softer crude lift Dalal Street; Sensex closes above 77,300
Following the US midterm elections, Indian investors are buoyed by hopes of decreased global trade tensions. The Sensex surged by 383.55 points, closing at 77,301.40, while the Nifty increased by 149.75 points to end at 23,960.60, highlighting a significant rebound for the indices. Analysts believe reduced geopolitical risks could enhance India's economic prospects, despite a mixed performance in Asian markets regarding US investments in AI.
Democratic victory in midterm elections adds a new twist to stock markets' Iran war, AI, and debt worries
Investors are watching the implications of the recent Democratic win in the US midterm elections. Geopolitical tensions, particularly the Iran war, continue to elevate oil prices and market risks. Regulatory scrutiny on the rapidly growing AI sector is expected following the election outcomes. Market volatility is anticipated to persist due to fiscal policy debates and increasing debt concerns. The market response so far has shown modest gains despite heightened uncertainties.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
Crazy economics gets a stop button
After the US midterm elections, stock futures show a positive reaction despite ongoing economic uncertainties. Trump's legislative agenda faces gridlock, impacting his trade and immigration policies significantly. The focus will shift to regulating AI, potentially stalling infrastructure growth in the US economy. India's position in trade negotiations may improve due to Trump's need for success overseas.
Democratic wave in US midterm elections weakens Trump at home, opens a new front for India-US ties in Congress
The recent US midterm elections saw the Democratic Party gain significant power in the Senate and House. This shift reflects widespread dissatisfaction with the current Republican leadership and its policies. President Trump's influence over the Republican Party may decline following this electoral outcome. Key policy decisions regarding foreign affairs, including relations with Iran, could be affected by these changes.
US Iran war: UAE plans third crude oil pipeline to avoid Strait of Hormuz
The United Arab Emirates is planning to construct a third oil-export pipeline to minimize reliance on the Strait of Hormuz. This new pipeline would connect the western coast of the UAE to the port of Fujairah on the eastern side. Abu Dhabi National Oil Co. is considering this initiative to bolster its oil supply capabilities. The pipeline could also be utilized by third parties, increasing overall efficiency.
US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives say
Global businesses expect limited immediate changes following Democrats' takeover of the US Congress, as high energy and raw material costs, inflation and strained consumer spending continue to weigh on operations. While some executives welcomed prospects of political stability, companies remain uncertain about tariffs, AI regulation and trade policies, amid fears of Washington gridlock.
Trump's loss in US midterms hands Indian gold buyers new setup before Dhanteras
Gold prices surged over 2% on Wednesday, with a weaker US dollar and lower Treasury yields supporting the rally after Democrats made gains in the US midterm elections. In India, 24-karat gold rose 2.26% to ₹14,280 per gram.
Gold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midterm election outcomes, which could influence market volatility, while India's gold demand faces a projected six-year low amidst high prices affecting sales.
Is the AI boom losing steam? Global economy faces growing risks
Global financial markets face mounting pressure from geopolitical conflicts, rising government debt and trade tensions, raising concerns about the resilience of the global economy. While the AI investment boom has driven stock markets to record highs and supported growth expectations, rising borrowing costs, inflation, weakening currencies and the prolonged Iran war threaten to undermine investor confidence and expose deeper vulnerabilities.
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
Global markets were already fragile. Big AI bets could break them
Investors flocked to bonds. Yields, which move inversely to price, fell from multidecade highs, with the benchmark 10-year Treasury, which guides borrowing costs globally, falling almost 20 basis points on October 22, its biggest daily fall since early 2023.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
Rupee rises 12 paise to 94.72 against US dollar in early trade
The rupee rose by 12 paise to 94.72 against the US dollar in early trading on Tuesday. This increase was driven by declining crude oil prices and foreign fund inflows into domestic equities. The dollar index recorded a slight increase, reflecting cautious investor sentiment amid upcoming midterm elections in the US. In the domestic equity market, the Sensex and Nifty both experienced significant gains.
Oil rises after report of US strike on Iran's Qeshm Island
Oil prices have surged in reaction to reports of a US strike on Iran's Qeshm Island, sparking fears of significant supply interruptions. Previous drops in prices on Monday have been overshadowed by this escalation, reinstating a risk premium in the market. Diplomatic negotiations between Iran and the US, facilitated by Qatar, ended without notable advancement, while looming midterm elections exacerbate tensions in the Middle East, affecting global oil costs.
Canadian Prime Minister Carney reports progress in trade talks with Trump days before US midterms
Canadian Prime Minister Mark Carney reported a productive discussion regarding a potential trade deal with U.S. President Donald Trump. The conversation aimed to create jobs, lower family costs, and protect Canadian sovereignty. Negotiators from both sides will continue working over the coming weeks toward an agreement. Trade relations remain tense as discussions include U.S. tariffs on Canadian steel and automobiles.
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