Prime Minister Narendra Modi’s calls to curb energy use are being read by investors as a response to an unusually persistent oil shock. JPMorgan’s Sanjay Mookim says the crude price rise is hitting India’s external balance directly, with higher oil costs not yet fully passed to consumers, leaving government and companies to absorb much of the burden. The tougher effect, he warns, may surface in Q1 FY27 as demand tapers and capex momentum slows, shifting flows toward defensives.
India is bracing for an energy cost shock as crude oil prices near $90. Higher crude and gas imports are expected to strain corporate earnings, squeeze consumer spending, and widen pressure on government finances. While the impact will ripple across sectors, experts flag aviation as especially vulnerable to rising fuel costs, with pain likely to spread further over time.
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European stocks opened subdued as investors balanced a heavy calendar of central bank meetings and corporate earnings with uncertainty from stalled U.S.-Iran negotiations. With markets watching for policy signals and fresh profit outlooks, traders stayed cautious, reflecting how diplomacy and corporate guidance are steering sentiment this week.
European shares fell on Friday and were on track for a weekly decline as investors grew uneasy over stalled progress toward a Middle East conflict resolution. Traders also kept a tight focus on upcoming corporate earnings, weighing whether results can offset geopolitical risk. With sentiment fragile, market moves remained driven by both headlines and company guidance.
Indian employers expect stronger hiring in the coming quarter, with the outlook cited as the best globally. Resilient domestic demand and business confidence are driving plans to add more roles, alongside a projected corporate earnings recovery. Despite uncertainty from global headwinds, India’s job-market sentiment remains notably positive, pointing to continued growth opportunities.
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