Donald Trump s latest shift on Nippon Steel s $14 billion bid for U.S. Steel sent shares of the 124-year-old American company down 7% on Thursday, after Trump said a day earlier that he does not want the steel producer to "go to Japan."

Gold prices jumped nearly 3% to an all-time high on Thursday, as a drop in the dollar and an escalating trade war between the U.S. and China drove investors towards the safe-haven allure of the precious metal.

Wall Street s main indexes fell on Thursday on concerns over the impact of high tariffs on global economy, with stocks pulling back from the sharp gains a day ago when U.S. President Donald Trump moved to temporarily lower the levies on some countries.

The U.S. dollar weakened against the yen, Swiss franc and euro on Thursday but also against more risk sensitive currencies such as the Australian dollar, as markets digested President Donald Trump s dramatic reversal on tariffs.

Oil prices fell more than $2 per barrel on Thursday, wiping away the prior session s rally, as investors reassessed the details of a planned pause in sweeping U.S. tariffs and focus shifted to a deepening trade war between Washington and Beijing.

Former U.S. Treasury Secretary Janet Yellen said on Thursday that the threat of financial instability prompted by falling prices for U.S. Treasury debt in recent days likely influenced President Donald Trump s decision to reverse course and partially pause his tariff campaign.

Tata Consultancy Services (TCS) reported disappointing revenue and profit growth for the March quarter reflecting delay in project ramp ups by clients amid rising economic uncertainties in major global markets.

US stocks shot up over 6% following an early choppy session US announced a 90-day pause on tariffs for most countries across the world amid negotiations and China s retaliatory tariffs.

HSBC remains optimistic on India despite global trade tensions, citing strong domestic fundamentals. It highlights five top stock picks with high upside potential, while cautioning about elevated earnings expectations.

The RBI cut interest rates by 25 bps and adopted an accommodative stance amid global uncertainty. With lowered growth and inflation projections, the central bank remains cautious yet flexible. Its future actions depend on evolving global trade tensions, particularly China s currency moves and potential Fed rate cuts.