Focus to remain on US-Iran developments amid data lean week
Mumbai, June 12 -- Indian equity investors are entering the next trading week on a cautious note as they brace for macro-driven volatility as global monetary policies and firming domestic consumer prices take center stage.
Data released during the week of June 6-12 showed India's retail inflation rose to 3.93% in May from 3.48% in April, driven by a jump in food inflation to 4.78%.
Across G-7 economies, the US labor market demonstrated persistent resilience, adding a higher-than-anticipated 172,000 nonfarm payroll jobs in May while holding the unemployment rate steady at 4.3%. This data cements the Federal Reserve's hawkish pause at 3.50%-3.75% due to ongoing Middle East energy supply shocks.
Conversely, China provided external support...
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