Global markets
SpaceX Gives Up Most Post-IPO Gains as Shares Near Listing Price
This Global news from NASDAQ reports a significant dip in SpaceX's share value, with its stock now trading close to its Initial Public Offering (IPO) release price. Early investors are experiencing the evaporation of substantial paper gains as the shares have fallen sharply from their peak. This situation highlights the volatility often seen in the stock market, especially for high-growth companies post-IPO. The decline has wiped over $1.2 trillion from SpaceX's market value, serving as a stark reminder that paper profits are only realised upon booking. For those tracking global markets and understanding the dynamics of post-IPO performance, this development offers valuable insights into the speculative nature of certain investments. Understanding such market movements is crucial for navigating the fast-paced world of finance.
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Global markets
JCR Upgrades India's Sovereign Rating to A- on Growth & Financial stability
- Japan's JCR upgrades India to A- from BBB+, citing sustained growth of around 7%
- India's banking system further strengthened as gross non-performing loans fell to 1.8%
- Fiscal deficit narrowed to 4.4% of GDP in FY26 while capital spending stayed high
Global markets
Global Bond Yields Surge as Oil and Inflation Fears Hit Japan, UK and US
- Global bond yields rose as higher oil prices revived inflation and rate-hike fears
- Japan's 10-year bond yield hit 3% for the first time since 1996 amid fiscal concerns
- U.S. Treasury and UK gilt yields rose as investors reassessed inflation and debt risks