• Indian shares may open lower on Monday due to tariff concerns, with the EU preparing €93bn in tariffs on the US in response to Trump’s threats. The EU may also restrict US companies from its market. India may withdraw from Iran’s Chabahar port project due to US sanctions. Earnings reports from HDFC Bank, ICICI Bank, Reliance Industries, and over 200 other companies are expected this week. Asian markets are mostly lower, gold hits record high, oil prices stable. US stocks end lower on Friday amid worries over Fed independence and geopolitical risks. European stocks also end lower on Friday.

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