RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Macquarie Group Misses First-Half Profit Estimates as Commodities Trading Declines
Macquarie Group, Australia’s largest investment bank, reported a first-half profit increase of 14% to A$1.61 billion (USD 1.06 billion). However, this figure fell short of the anticipated A$1.73 billion as forecasted by Visible Alpha, primarily due to weaker performance in its commodities trading division.
Commodities Trading Challenges
Macquarie’s commodities trading unit, a major profit driver, saw a 5% decline in earnings amid stabilizing global energy markets. With less volatility and decreased client demand for hedging, trading volumes dropped. CEO Shemara Wikramanayake highlighted that muted trading conditions were due to reduced demand management, alongside stable energy storage and supply levels.
Dividends and Stock Impact
Responding to the earnings miss, Macquarie declared a reduced interim dividend of A$2.60 per share, down from A$3.85 last year. This announcement, combined with revised guidance, led to a 4.5% midday drop in Macquarie’s share price to A$221.11, pulling the broader Australian market down by 0.9%.
Asset Management Gains
On a positive note, Macquarie saw strong returns from its asset management unit’s partial sale of data center giant AirTrunk, part of its extensive data center portfolio. Wikramanayake mentioned additional “realizations planned for this year” without specific details.
Outlook and Share Buyback
Looking forward, Macquarie extended its A$2 billion buyback plan by another year, signaling continued investor support despite short-term challenges in commodities trading.
