There is a lot happening on the global front. How do you read the current sentiments coming from global markets?
Matt Orton: Yes, there is quite a lot going on for investors. From the economic data over the past week, the Trump-Putin summit, and the ongoing discussions, it seems we are moving closer to more clarity in the market, which markets always favor. A narrowing of potential outcomes helps investors factor in what the future might look like. I am optimistic that this clarity should be marginally positive for markets, which continue to move higher.
India has also seen positive developments, such as the double Diwali and GST changes. US macroeconomic data did not send any negative signals, and the earnings season has been wrapping up on a strong note. These factors provide good tailwinds, which could strengthen further if geopolitical risks are resolved positively.
On the Trump-Putin meeting, there seems to be no solid outcome yet. How do you see today’s talks with Zelenskyy affecting the US-Russia tariff scenario and India?
Matt Orton: Any clarity on these discussions will be very helpful. The inclusion of European leaders and Zelenskyy at the White House indicates a willingness to reach a mutually agreeable resolution, even if not everyone is completely satisfied.Regardless of the outcome, aerospace and defence have been strong outperformers, particularly in Europe and the US, and these tailwinds are likely to continue. Even without a full peace agreement, nations will need to invest more in security, which supports long-term spending in defence and sends a signal globally about the need for robust security measures.