Oil rises 1% after Trump says India promised to stop buying from Russia

France's bond market is facing renewed uncertainty as looming credit-rating decisions could lead to forced sales if the country's credit score is cut again. This situation is concerning for investors, as it may destabilize the market and affect the overall economic landscape in France.

TSMC has raised its profit outlook, signaling strong performance amid ongoing trade tensions between the US and China, as highlighted by Trump's recent comments. This is significant as it reflects resilience in the semiconductor industry, which is crucial for global technology supply chains. Investors will be keen to see how these developments impact market dynamics, especially with insights from industry leaders like Karl Havard and Arsalan Tavakoli-Shiraji.

India's tax authorities have conducted a raid on the offices of Graviton Research Capital LLP, highlighting the government's increasing scrutiny of trading firms. This move is significant as it reflects a broader effort to ensure compliance and transparency in the financial sector, which could impact investor confidence and the operational landscape for trading firms in the country.

ABB, a leading robot manufacturer, has successfully navigated tariff challenges while thriving in a robust market. This resilience highlights the company's strong position in the robotics sector, which is increasingly vital for modern manufacturing. As industries continue to automate, ABB's ability to remain competitive despite external pressures is a testament to its innovative strategies and commitment to growth.

Pernod Ricard has reported a 7.6% decline in sales for the first quarter, primarily driven by weaker demand in key markets like the U.S., China, and India. This downturn is significant as it highlights the challenges the company faces in maintaining growth amidst changing consumer preferences and economic pressures. Investors and industry analysts will be closely watching how Pernod Ricard adapts its strategies to recover in these crucial markets.

In a surprising twist, LG Electronics India's recent IPO has proven to be more profitable for bankers than Tata Capital's larger offering, which was the biggest in India this year. This highlights the dynamic nature of the IPO market and suggests that size doesn't always equate to profitability for financial institutions. The success of LG's deal could indicate a shift in investor interest and market strategies, making it a noteworthy development for both companies and the banking sector.

Chinese households have significantly increased their cash savings, indicating a growing reluctance to invest in local stocks amid rising trade tensions. This shift is concerning as it could undermine the recent stock market rally, suggesting that consumers are prioritizing financial security over market participation. Understanding this trend is crucial as it reflects broader economic sentiments and could impact future market dynamics.

The Swiss Army Knife maker is exploring new tools and strategies to mitigate the impact of tariffs imposed by the Trump administration. This move is significant as it highlights the ongoing challenges faced by manufacturers in adapting to changing trade policies, which can affect pricing and availability of products. By innovating and adjusting their approach, the company aims to maintain its market position and continue providing quality products to consumers.

Maroun Kairouz from the World Economic Forum highlights a shift in global politics towards 'sovereignty first' as countries increasingly focus on internal matters. This comes amid escalating trade tensions between the US and China, with President Trump asserting that tariffs are essential to protect the US economy. The upcoming leaders' meeting in South Korea could be pivotal, as both nations prepare to negotiate their positions. This trend matters because it reflects a broader change in international relations, where countries prioritize their own interests over global cooperation.

SharpLink Gaming has received a positive boost as Citizens has initiated coverage on its stock with a rating of 'Market Outperform.' This is significant because it suggests that analysts believe the company's stock will perform better than the market average, potentially attracting more investors and increasing its market presence.

Indian refiners are poised to reduce their imports of Russian oil following comments from President Donald Trump, who indicated that Prime Minister Narendra Modi had agreed to halt these purchases. This shift could significantly impact the energy market, as India has been a key buyer of Russian crude. The situation highlights the complexities of international relations and energy dependencies, especially in light of geopolitical tensions.

India's market regulator has accused a group of connected traders of engaging in insider trading by using unpublished information to make bets against the Indian Energy Exchange Ltd. through equity derivatives. This allegation highlights the ongoing efforts by authorities to combat insider trading, which undermines market integrity and investor confidence.

Amazon has launched a fantastic deal on its assembly-free cloud sofa, originally priced at $400, now available for just $270. This stylish and comfortable couch, which boasts a perfect 5-star rating, comes in three beautiful colors, making it an attractive option for anyone looking to upgrade their living space. This sale not only highlights the quality of the product but also offers consumers a great opportunity to enhance their home decor without breaking the bank.

A recent survey by the Bank of England indicates that credit availability is on the rise in the UK, which is a positive sign for both consumers and businesses. This increase in credit can stimulate economic growth, allowing individuals to make significant purchases and companies to invest in expansion. As the economy continues to recover, this trend could lead to more job creation and improved financial stability for many.

Portugal's electricity regulator has proposed a 1% increase in tariffs for 2026, a move that could impact consumers and businesses alike. This adjustment is part of ongoing efforts to balance energy costs and ensure the sustainability of the electricity market. While the increase is modest, it highlights the challenges faced in the energy sector and the need for regulatory measures to maintain service quality.

JPMorgan has initiated coverage of Wacom with an Overweight rating, highlighting the company's improved profitability. This is significant as it reflects confidence in Wacom's financial health and growth potential, which could attract more investors and positively impact the stock market.

JPMorgan has upgraded Jumbo Interactive's stock rating to Overweight, highlighting the company's successful diversification strategy. This move is significant as it reflects confidence in Jumbo's ability to navigate market challenges and capitalize on new opportunities, potentially leading to increased investor interest and stock performance.

Goldman Sachs has initiated coverage of Chrysos Corporation with a 'Buy' rating, highlighting the company's innovative PhotonAssay technology as a key driver for growth. This endorsement is significant as it reflects confidence in Chrysos's potential to revolutionize gold analysis in the mining sector, which could lead to increased investor interest and market performance.