Welcome to Markets Desk, your midday read on the stories moving markets and minds.
India's central bank has raised interest rates for the first time since two thousand twenty three, as inflation continues to creep back into the economy. Both HSBC and Goldman Sachs are already penciling in another hike for December, suggesting the Reserve Bank of India is signaling a deliberate tightening cycle rather than a one-off adjustment.
Turning to corporate America, JPMorgan Chase CEO Jamie Dimon is sounding the alarm on artificial intelligence and cybersecurity, pointing specifically to Anthropic's Mythos as a catalyst for sharply elevated risk. Dimon warned that AI has exposed vulnerabilities companies didn't even know existed, a sobering note from the man running the largest bank in the United States.
And on the earnings front, the backdrop heading into this reporting season looks constructive. S and P five hundred profits are forecast to climb twenty seven percent, supported by robust AI-related capital spending, even as longer-term borrowing costs remain elevated and equity valuations sit near historic highs. Investors appear willing to bet that earnings power can outrun the cost of money.
That's the tape. Markets Desk, signing off the floor.
