News

⑴ The yield on India's 10-year government bonds is hovering around 7.1%, rebounding from recent declines due to rising oil prices and higher US Treasury yields, which continue to dampen sentiment in the bond market. ⑵ Brent crude futures have risen above $107 per barrel, as renewed geopolitical tensions in the Middle East spark concerns about potential supply disruptions and sustained inflation risks. ⑶ Meanwhile, the yield on US 10-year Treasury bonds has climbed to its highest level in nearly a year, reinforcing market expectations that the Federal Reserve may keep interest rates elevated for a longer period. ⑷ Additionally, India's central bank has boosted liquidity in the sovereign debt market by raising the annual trading targets for primary dealers. Under the revised framework, the country's 21 bond market makers are required to trade a larger volume of government bonds in the current fiscal year, significantly increasing activity in benchmark 10-year bonds.

Odaily reports that the United Arab Emirates is constructing a new oil pipeline to bypass the Strait of Hormuz and plans to put it into operation in 2027. According to a statement from the country's Media Office, once the project is completed, the oil export capacity of Abu Dhabi National Oil Company (ADNOC) via Fujairah Port will double, helping to meet global market demand. (Golden Ten Data)

Deutsche Bank stated that compared to the same period last year, the first-quarter profits of DAX index component companies grew by 5%. These strategists noted that the financial sector performed the best, with profits increasing by one third, while the industrial and automotive sectors declined by 20% and 15% respectively. The strategists added that although analysts are lowering profit expectations for DAX index components due to the Middle East conflict, the average expectation still anticipates improvement in the second half of the year, partly thanks to Germany’s fiscal stimulus measures.