Bitcoin is trading near the $65,000 mark after a volatile week, with US spot Bitcoin and Ether ETFs attracting around $1.1 billion in combined net inflows. Analysts say crypto markets are turning cautiously constructive, but the upcoming US CPI data could determine the next move, with key support and resistance levels in focus.
European shares were broadly flat on Monday as uncertainty over the Strait of Hormuz kept oil prices elevated. Investors awaited key economic data and monetary-policy signals, while strong corporate earnings and expectations of lower U.S. borrowing costs supported sentiment. Energy and technology stocks gained, but geopolitical risks and elevated crude prices limited broader market gains.
Elon Musk says AI agentic traffic will eventually vastly exceed human internet usage, while Michael Burry questions who will pay for AI agents. The contrasting views highlight a broader debate over AI’s rapid expansion, massive infrastructure spending and whether the technology can generate enough economic value to justify current valuations.
The Bank of Japan monitors yen weakness closely, with Governor Kazuo Ueda highlighting its impact on import costs and inflation. While short-term rates remain at 0.75%, currency movements increasingly influence price trends. Policymakers balance supporting economic recovery with managing inflation risks amid global uncertainties and sustained yen depreciation.
Hindustan Copper reported a 163% year-on-year jump in Q1FY27 net profit to Rs 353 crore, while revenue from operations rose 81.4% to Rs 936.5 crore. EBITDA more than doubled to Rs 507.5 crore from Rs 212.3 crore, with EBITDA margin expanding to 54% from 41% a year earlier, the state-owned miner said in a regulatory filing.
China is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude imports fell sharply in June and July, despite a recovery in July. August shipments are expected to improve, but September could offer a clearer picture of supply disruptions.
Vijay Kedia-backed Atul Auto shares fell 9% despite a nearly four-fold year-on-year jump in Q1 FY27 net profit. Revenue rose 43%, supported by a sharp increase in three-wheeler dispatches. The company is also expanding its electric vehicle push through a partnership with Exponent Energy, targeting 15,000 rapid-charging electric three-wheelers.
Akums Drugs shares rose sharply on Monday to hit a 52-week high after the company reported strong Q1 FY27 results. Revenue rose 13.9% year-on-year, while profit increased 55%. EBITDA grew 35.4%, supported by strong performance in its CDMO business. The stock has gained 67% so far this year.
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