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1. India's central bank maintained the repo rate at 5.25% but raised FY27 inflation projections and lowered GDP growth forecasts, while introducing measures to stabilize FX markets and attract foreign capital.
2. The cryptocurrency market saw a significant decline, with Bitcoin falling below $62,000 and Ethereum below $1,700, as a large ETH whale's long position faced tens of millions in losses.
3. Foxconn reported May revenue up 39.57% YoY and anticipates Q2 performance well above expectations, driven by robust demand for AI racks.
#MarketUpdate #TradingNews #CryptoMarket #Forex #RBI #IndiaEconomy #InflationOutlook #Foxconn #AITech #Investment

1. A U.S.-Iran ceasefire has triggered a massive global market rally, with Asian stocks and S&P 500 futures surging on renewed risk-on sentiment.
2. The Reserve Bank of India (RBI) held its key repo rate at 5.25% while highlighting increased inflation risks stemming from the Middle East conflict.
3. Commodity prices like copper and palladium soared significantly, while the Dollar weakened against the Yen as geopolitical tensions eased.
#MarketNews #Ceasefire #Trading #GlobalMarkets #RiskOn #RBI #InterestRates #Commodities #Forex #Investing