Indian equities fell on Friday, snapping a five-session advance as technology stocks sank, with the Nifty IT index sliding 3.7% to a three-year low. The Nifty 50 closed down 0.64% and the BSE Sensex fell 0.78%. The selloff followed Accenture’s warning that clients remain cautious on technology spending, raising concerns about demand for Indian IT exporters, Reuters reported.

The Indian rupee has climbed 0.8% this week to a six-week high, supported by stronger inflows into Indian bonds and a slowdown in foreign equity outflows. Importers and exporters have also shifted toward more two-way hedging activity. The move comes as India takes steps to attract dollar inflows and crude oil prices plunge after the U.S.-Iran peace deal, even as the dollar index rises 1% this week to 100.92 on the Fed’s hawkish signals.

Spot gold fell 0.5% on Friday to $4,189.26 an ounce, putting it on course for a third consecutive weekly decline. The dollar hovered near a one-year high and Fed projections showed nine officials expect a rate increase this year, reinforcing expectations for higher interest rates. An interim U.S.-Iran deal took effect and tanker traffic through the Strait of Hormuz resumed, easing geopolitical risk and weighing on safe-haven demand. Silver, platinum and palladium also declined.

Intel has appointed former SK Hynix CEO SeokHee Lee as an executive vice president in its foundry unit, putting him in charge of advanced packaging and back-end manufacturing. The move follows President Donald Trump’s announcement that Apple agreed to work with Intel to design and manufacture chips in the U.S., and comes after Tesla confirmed it will use Intel’s 14A process. Intel is accelerating its 14A roadmap, which is expected to enter mass production in 2029, alongside its 18A technology as it seeks to revive its foundry business.

Meta Platforms has secured new agreements for AI computing power from data center developer Crusoe to bolster the infrastructure supporting its AI expansion. Meta and Crusoe did not immediately respond to requests for comment. Reuters said it could not independently verify the report, which Bloomberg News attributed to people familiar with the matter.

SpaceX received investment-grade ratings with stable outlooks from Moody’s, Fitch and S&P, reflecting confidence in its financial stability and its space and Starlink-related businesses. S&P said the company’s AI segment carries uncertainty because of high capital needs and intense competition. SpaceX’s valuation has climbed past $2 trillion, but its Nasdaq-listed shares pulled back after an early surge, closing down nearly 4% on Thursday and falling another 1.1% in extended trading.

瑞典交通管理局于4月30日致函欧盟车辆技术委员会，明确反对特斯拉全自动驾驶（监督版）在欧盟获批，除非其“速度偏移”超速功能被移除。该立场或影响6月30日TCMV会议及后续表决。若欧盟未获通过，荷兰此前授予的临时批准将在六个月内失效，其他依赖该批准的成员国许可亦将撤销。事件直接冲击特斯拉在欧技术落地节奏与市场预期。

美伊达成结束战争协议，推动油价下跌，缓解能源驱动的通胀压力。但G10多国央行（澳、挪、英、美、欧、日等）仍维持鹰派立场，或进一步加息以应对核心通胀。美联储新预测显示2026年底前可能加息，市场已定价9月加息概率显著上升。事件直接关联原油价格走势，并强化全球货币紧缩预期。

The Bank of England voted 7-2 to keep its benchmark rate unchanged at 3.75%, saying the path of current inflation pressures remains unclear. While a tentative U.S.-Iran truce could ease energy supply strains and push oil prices lower, the BoE said the past four months of high energy costs have already built inflation pressure “in the pipeline,” according to Reuters. The central bank slightly revised up its year-end inflation expectation to 3.25% and nudged its underlying quarterly growth estimate to 0.2%.