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European shares experienced a slight dip, influenced by declines in tech and financial sectors, even as investors eyed the U.S.-Russia summit. While miners and healthcare showed gains, corporate earnings painted a mixed picture. Pandora's significant fall due to weakening sales and Standard Chartered's probe call impacted market sentiment.
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The Dow Jones closed higher, hitting a record high, propelled by UnitedHealth's surge after Berkshire Hathaway increased its stake. Other indexes slipped amid mixed economic data impacting Federal Reserve's policy decisions. Investors are anticipating a potential rate cut in September. Trump and Putin's meeting in Alaska raised hopes for resolving the Ukraine conflict and influencing crude prices.
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India's foreign exchange reserves increased by $4.7 billion, reaching $693.6 billion in the week ending August 8, according to RBI data. This rise was primarily driven by revaluation gains from a weaker dollar and higher gold prices, partially offset by the RBI's market intervention, including $5 billion in FX swaps.
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News and Media
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