Business News (18th July, 2025)
Global Finance & Markets
Oil prices climb after the EU approved new sanctions on Russia, tightening market supply and supporting higher crude prices.
Wells Fargo hit by exit-ban fears in China, after one of its employees was barred from leaving the country—reviving concerns among U.S. and EU businesses operating in China.
India Markets
Sensex and Nifty fall sharply: The Sensex dropped over 500–600 points, with Nifty slipping below the 25,000 mark amid profit-taking in financial and IT stocks. Key triggers include FII outflows, weak Axis Bank earnings, and uncertainty around U.S. rate moves.
Sector-wise drag/gain: Financials led the decline—Axis Bank, HDFC, Kotak Mahindra took the brunt—while metals outperformed. IT firm Wipro bucked the trend, surging ~4% post-earnings.
Stocks to watch: Top picks include Wipro, Ceat, Axis Bank, LTIMindtree, and IHCL amid range-bound trading.
Commodities & Rates
Gold steadies, constrained by a strong U.S. dollar. Analysts suggest a "buy on dip" strategy as safe-haven demand stays intact.
Mortgage rates ease slightly after recent hikes—U.S. ARM rates now around 7.9%.
Global Business Sentiment
Foreign investors eye London’s unloved stocks, signaling renewed interest in underperforming UK equities.
U.K. insolvencies fall in June—a drop of 8% MoM and 16% YoY in company insolvencies in England & Wales, though analysts caution it's a temporary relief amid inflation and weak consumer confidence.
U.S. healthcare updates: CMS proposes site-neutral Medicare payments for 2026; a U.S. judge overturned an earlier move on medical debt relief; healthcare data breaches up 20% in H1 2025.
Major Corporate Moves
U.S. rail merger talk: Union Pacific and Norfolk Southern reportedly discuss merging to form the country’s largest rail operator.
Pharma & tech: BMS/Pfizer plan consumer-direct sales of Eliquis; Novartis launches $10B share buyback following strong Q2; Netflix upgrades financial outlook; Meta settles a major data-privacy lawsuit.
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