US ELECTION RESULTS
What to do with Vodafone Idea, Paytm, RailTel and 3 other stocks? Aamar Deo of Angel One decodes
With Infosys and Wipro Q1 results expected this week, investors are keenly awaiting them as that would set the trend for the overall IT sector. Expectations of the Q1 results of these companies are overall positive, but markets are known to react in mysterious ways at times, so better wait and watch.
Biden's supporters want to 'let Joe be Joe' - but his stumbles are now under a bigger spotlight
President Joe Biden is attempting to shake off concerns about his cognitive capacities, but public doubts about his fitness to serve are increasing. Biden's every move is now under scrutiny as any potential stumble risks becoming magnified and delivering another blow to his candidacy. Some of his recent outings and meetings have left puzzling results, such as in the Stephanopoulos interview where Biden said, "I don't think so, no" when asked whether he watched a replay of the debate.
What Biden said and what he forgot at press conference: Key takeaways
President Joe Biden has defended his candidacy amid a crisis of confidence, despite calls from Democrats to end his campaign. Biden vowed to stay in the presidential race and dismissed polling showing him losing to Trump. He acknowledged that the schedule of the presidency had become challenging and blamed his staff for the packed days.
Newly elected French lawmakers meet to break deadlock
Paris lawmakers face a divided National Assembly. Macron asked PM Attal to manage tasks amidst a NATO summit. The New Popular Front, including France Unbowed, Socialists, and Greens, negotiates a PM candidate. Moody's warns of debt risks. Socialist negotiator Johanna Rolland, Mayor of Nantes, extends an olive branch to left-wing Macronists, considering new legisla.
'Bureaucrats can’t criminally charge President…': Mitch McConnell defends Trump, praises SC decision
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered remarks on the Senate floor regarding the Supreme Court.'Bureaucrats can’t criminally charge President…': Mitch McConnell defends Trump, praises SC decision
France's Macron keeps prime minister in place for 'stability of the country' after chaotic election
French President Emmanuel Macron has asked Prime Minister Gabriel Attal to remain in office for the time being to ensure stability in the country. Attal had previously offered his resignation, but is prepared to stay as a caretaker.
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Corporate France braces for new era of political turmoil
France's business elite is concerned about political volatility, street protests, and potential bankruptcies as the country heads into a parliamentary election. Executives meeting in Provence fear the far right and left may undo President Macron's pro-business reforms. The rise of inexperienced leaders and uncertain economic outlook are adding to their anxiety.
A NATO summit and mending EU relations are among first tasks for new UK leader Keir Starmer
British Prime Minister Keir Starmer has been appointed to a new government after a six-week election campaign. Starmer, who has never served in or led a government, has a plethora of lawmakers to choose from, including Treasury chief Rachel Reeves and the new foreign secretary David Lammy. He wants Britain to take a larger role on the global stage after years of soured relations with Europe over Brexit and the inward-looking U.K. political soap opera that followed.
Who is Keir Starmer, the likely next Prime Minister of UK who once demanded abolition of British monarchy?
Keir Starmer Labout Party (Google Trends): The centre-left Labour Party is set to win a significant majority in the UK parliament, while Rishi Sunak's Conservatives are facing their worst performance in history. Keir Starmer is likely to become Britain's next prime minister as exit polls predict Labour's substantial victory and historic losses for the Conservatives due to the cost of living crisis, failing public services, and scandals.
Rishi Sunak's historic journey to becoming UK's first Prime Minister of Indian heritage
Rishi Sunak has made history as the first Prime Minister of Indian heritage in the UK. Rising from Chancellor during the COVID pandemic, he navigated economic challenges but faced party scandals. Despite his achievements, anti-incumbency sentiments prevail. Sunak's family background, values, and dedication to public service shape his leadership.
Donald Trump Campaign outraises Joe Biden by over USD 67 million in second quarter
Former President Donald Trump raised $331 million in the second quarter, surpassing incumbent President Joe Biden's $264 million. Biden's campaign had a strong June, raising a record $127 million, mostly from grassroots donors. Both campaigns have significant cash reserves as the election approaches.
What to know about the Supreme Court immunity ruling in Trump's 2020 election interference case
The Supreme Court's ruling on Monday ensures that former President Donald Trump won't face trial for the 2020 election interference case before the November election. While the indictment against him wasn't dismissed, the ruling grants Trump substantial immunity for official acts, complicating the prosecution's case. President Biden criticized the decision as undermining the rule of law and emphasized that Americans must judge Trump's actions. The case returns to District Judge Tanya Chutkan for further analysis, likely delaying proceedings until after the election.
US Supreme Court ruling on Trump immunity looms
The US Supreme Court will rule on Monday if former President Donald Trump is immune from prosecution for allegedly conspiring to overturn his 2020 election loss. The decision, pivotal for Trump's upcoming trial and the presidential election, could delay proceedings. Despite skepticism from the justices, the ruling's scope might push the trial past November. Trump, convicted in a separate New York case, faces multiple trials but aims to delay them until after the election, potentially halting them if reelected.
Biden delivers uneven performance under Trump's barrage of falsehoods at first debate
Biden, 81, and Trump, 78, were under pressure to display their command of issues and avoid verbal stumbles as they sought a breakout moment in a race that opinion polls show has been deadlocked for months. Biden, in particular, has been dogged by concerns about his age and sharpness.
Polls open in Iran for presidential election
Around 61 million Iranians are eligible to vote in the polls where reformist Masoud Pezeshkian, 69, hopes for a breakthrough win against a divided conservative camp.
US Presidential Elections: Georgia, setting for Joe Biden- Donald Trump debate, as divided as America itself
US Presidential Elections: Atlanta, Georgia, the site of the upcoming presidential debate between Joe Biden and Donald Trump, holds significant political and cultural weight beyond just being a debate venue. As the birthplace of CNN, the city has long been a hub of media influence, shaping national discourse. This debate, hosted by CNN, underscores Atlanta's role in the electoral process, highlighting Georgia's emergence as a swing state in recent elections.
US passes resolution seeking probe into Pak elections; Islamabad terms it "incomplete understanding"
The US House of Representatives passed a bipartisan resolution supporting democracy and human rights in Pakistan, urging a "thorough and independent investigation" into claims of interference in Pakistan's 2024 elections. Passed with 98% support, HR 901 emphasizes upholding democratic values amidst economic and security challenges. It condemns efforts to suppress democratic participation, such as harassment and internet restrictions.
Traders stunned by election surprises from Mexico to India
The world witnessed unexpected outcomes in the Mexican elections and Narendra Modi's victory, impacting markets globally. Claudia Sheinbaum's landslide win also played a significant role in reshaping market dynamics.
Global leaders from P-5 countries applaud Modi’s historic win
While US President Joe Biden, Russian President Vladimir Putin and UK PM Rishi Sunak and telephoned Modi to congratulate Modi, French President Emmanuel Macron sent a congratulatory message. Among the P5 Putin was the first leader to telephone the PM. Meanwhile, the Sri Lankan President, PMs of Nepal, Bangladesh and Mauritius besides the Bhutanese leadership have been invited for the swearing in ceremony likely on June 8.
US: Donald Trump's election interference case paused in Georgia appeals court
Georgia Appeals Court pauses Donald Trump's election interference case as it reviews his appeal to disqualify Fulton County District Attorney FWillis, ensuring trial delay until after US Presidential elections.
General elections 2024: A weaker mandate to impel policy reset
The underwhelming election results reflect voters' focus on economic and livelihood issues over free-food distribution. The need for productive employment is becoming a dominant necessity in policy considerations.
Election Result 2024: US is okay, even with a Modi lite 3.0
Under President Biden, the US views Modi's third term positively, despite a reduced mandate. The India-US partnership has strengthened, addressing issues with skill and paving the way for new possibilities. Biden sees India as a reliable partner and a stabilizing force in the Indo-Pacific region. India's economic growth and infrastructure improvements under Modi are acknowledged, making it an attractive business destination. However, concerns remain about shared values, especially regarding BJP's stance on minorities. Overall, the US-India relationship is expected to remain strong, focusing on strategic cooperation and economic growth.
Should Joe Biden downplay his own success?
"People telling Biden to downplay the fact that his big spending has worked out well for the economy are to some degree revealing their own ideological biases rather than giving solid political advice."
Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
Chinese valuations are roughly half of India's, but Chinese earnings growth is also significantly lower. The China trade is more tactical and opportunistic.
FIIs follow 'sell in May and go away' mantra ahead of election results with Rs 25,600 crore sell-off
In May, foreign institutional investors (FIIs) sold Indian stocks worth Rs 25,600 crore, aligning with the 'Sell in May and go away' adage. Increased net shorts in index futures, outperformance of Chinese stocks, and concerns about high valuations contributed to the sell-off.
FPIs may adopt a cautious stance until the election results are clear
Foreign Portfolio Investments (FPI) in India may see a cautious approach until the election results are clear. India's economic performance attracts FPI flows driven by factors like interest rates, inflation, and GDP growth, along with a stable political environment.
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