IBM issued a preliminary warning for the second quarter of 2026 on July 14, flagging revenue of $17.2 billion versus expectations of $17.86 billion and adjusted EPS of $2.93 versus $3.02. The company cited a 7% drop in Infrastructure revenue and several large deals that did not close on the expected timelines, while CEO Arvind Krishna acknowledged an execution miss. The update sent IBM shares down 25% on the day and left the stock down 28% year-to-date ahead of the July 22 earnings release.

Several Indian listed companies posted June-quarter 2024 results, with Karur Vysya Bank reporting a 45% year-on-year rise in net profit and CMPDI posting a 53.8% increase. UltraTech Cement’s net profit grew 17%, while One97 Communications (Paytm) reported profit after tax up 79%. Emcure Pharmaceuticals said CDSCO approved its co-marketed semaglutide brand Poviztra for treatment of noncirrhotic metabolic dysfunction-associated steatohepatitis (MASH). Shares of the companies moved higher intraday after the updates.

Nifty FMCG and Nifty Metal remain below their 10-day simple moving averages but are hovering near key technical support levels at 48,100 and 12,100, respectively, with indicators such as hammer candles and MACD exhaustion pointing to a possible reversal. Foreign institutional investors’ short positions stood at 10.25% on Friday and rose 14% week-on-week, suggesting short covering may be starting. By contrast, IT and Nifty Bank are holding above their 10-day averages, signalling relative strength versus the lagging sectors.

Antique Stock Broking reiterated ‘Buy’ calls on Union Bank of India, HDFC Life Insurance and ICICI Prudential Life Insurance after their Q1FY27 results, citing earnings beats, stable asset quality and improving business momentum. Union Bank reported profit after tax of Rs 5,332 crore, up nearly 30% year-on-year. HDFC Life posted 9% year-on-year growth in both annualised premium equivalent and value of new business, according to Antique Stock Broking.

SpaceX scrubbed the Starship Flight 13 attempt after an automated abort triggered when four Raptor engines failed to ignite with three seconds left in the countdown, leaving the rocket on the pad. The setback came days after the US Federal Aviation Administration completed its review of a prior booster return failure and cleared the company to proceed with the flight. SpaceX shares closed at $131.11, slipping below the IPO price for the first time and extending a roughly 13% decline since the stock joined the Nasdaq 100.

Reliance Industries is due to report its Q1FY27 earnings for the April–June quarter. Estimates call for revenue to rise 17.3% year on year, while net profit is expected to fall 10.1%. O2C EBITDA is projected to increase 12%, but the oil and gas segment may see EBITDA down 11.3% year on year due to the West Asia conflict. Reliance Retail and Jio are expected to sustain double-digit growth, with a Jio IPO aimed at retail investors among key points in focus.

India’s silver price on July 1, 2026 stood at ₹223 per gram, down 2.21% on the day. The decline was attributed to a stronger U.S. dollar and rising U.S. Treasury yields weighing on non-yielding assets, alongside expectations of further U.S. Federal Reserve tightening. WTI crude rebounded to $70.13 per barrel as geopolitical concerns resurfaced after Iran refused to hold direct talks with U.S. officials, raising worries about the stability of a Middle East ceasefire.

2026年6月25日，印度白银价格报每克215卢比，单日上涨0.85%，但全球现货白银跌至每盎司59美元，为2025年12月以来最低。主因美元指数升至一年多高位，叠加美联储官员释放鹰派信号，市场押注9月加息。白银作为无息贵金属，受实际利率上行与美元走强双重压制。

SpaceX has signed a $6.3 billion computing-services agreement with open-source AI startup Reflection AI. The deal comes as SpaceX shares slid sharply, erasing more than $600 billion in market value over three trading days. Investors have focused on plans for a first-ever $20 billion corporate bond issue, a 2025 net loss of $4.9 billion, a further $4.28 billion loss in Q1 2026, and a $60 billion all-stock bid for Cursor that has fuelled expansion concerns. MSCI has assigned SpaceX a CCC ESG rating, keeping attention on financial sustainability rather than the company’s longer-term narrative.