11:11 | Brent crude surges to $96, eye on global bond market, EU backs Germany after Russia attack and more

DAY AHEAD IN DATA WATCH

• France Budget Balance For July


• Spain Unemployment Data


• Italy PPI Data For July


• Brazil Industrial Production


• Bank of Canada Interest Rate Decision


• Russia GDP Data


• Russia Unemployment Data

 

• Samir Arora-backed Helios MF crosses ₹15,000 crore AUM; equity assets account for over 95%

Samir Arora-backed Helios Mutual Fund has crossed ₹15,000 crore in assets under management (AUM), registering a 200% increase from August 2025, according to the fund house. The fund house added ₹5,000 crore to its AUM between April and August 2026.

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• Explained - Why the global bond market is rattled and its implications

The global bond markets are currently in sell-off mode, with bond yields surging to multi-year highs across most G-7 nations. The US-Iran war in West Asia and the subsequent rise in crude oil prices is an important trigger behind the same, but

not the only one.

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• LIC launches two new non-linked, non-participating insurance plans

Life Insurance Corporation of India (LIC) has introduced two new insurance plans, Bima Platinum and Jeevan Raksha, adding a savings-oriented product and a pure-risk cover to its portfolio. The plans were launched on September 1, coinciding with LIC’s 70th anniversary.

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• Gold extends losing streak; silver also under pressure

Gold and silver prices remained under pressure in early trade on Wednesday, September 2, as rising US Treasury yields, a stronger dollar and growing expectations of a Federal Reserve rate hike weighed on non-yielding assets. Gold futures were down 0.98% at $4,353.10.

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• Brent surges to $96 as crude oil prices advance for the third session US-Iran conflict escalates

Brent crude pushed near $97 a barrel, building on Tuesday's 4.6% surge, while the US West Texas Intermediate (WTI) hovered near $91. Oil prices climbed for a third straight session on Wednesday September 2, as traders weighed the risk of extended disruption to crude flows

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• European leaders and NATO rally behind Germany after confirmation of Russian attack on Leipzig airport

Polish Prime Minister Donald Tusk, Italian Prime Minister Giorgia Meloni, UK Prime Minister Andy Burnham and Swedish Prime Minister Ulf Kristersson, among others, expressed support for Germany after confirmation of Russian attack on airport.

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• Kevin Warsh's Fed message puts India’s valuation premium to test

Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech has put the spotlight back on a question that matters well beyond US interest rates: how much are investors willing to pay for growth when the global cost of capital stays high?

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• Mahanadi Coalfields files DRHP for IPO; Coal India to sell 10% stake via OFS

Mahanadi Coalfields, a wholly owned subsidiary of state-run Coal India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

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• Big Tech stocks have lagged the broader market nearly all year. Here's what's going on

Big Tech is having its worst year since 2022. A recent rise in yields could add even more pressure to the cohort, if history is any indication, according to Barclays. The tech giants have lagged the S&P 500 92% of the time in 2026, per Barclays.

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• Dow Jones falls over 400 points on West Asia tensions; Crude rises, bonds sell-off

A re-escalation in hostilities between the US and Iran led to a spurt in crude oil prices on Tuesday, September 1, and triggered a sell-off in benchmark indices on Wall Street as well as in the global bond markets.

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• Meet Shakti Sharma, India’s first woman non-medical Air Vice Marshal

Air Vice Marshal Shakti Sharma has become the first woman officer from a non-medical branch in India’s armed forces to attain the rank of Air Vice Marshal or equivalent, marking a historic milestone for the Indian Air Force (IAF), officials said on Tuesday.

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