Bears Circle as Trump Fires 25% Tariff Salvo to India

(Bloomberg) — Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks are set for a choppy session this morning after President Donald Trump threatened to impose a 25% tariff on the country’s exports to the US. The catch? He also said later that negotiations are still ongoing, leaving investors wondering what’s next. Meanwhile, earnings reports from Hindustan Unilever and Maruti Suzuki will be crucial in determining sentiment around consumer companies.