Tata Motors reported an 83% year-on-year surge in net profit to ₹2,560 crore for the first quarter. Revenue rose 20% over the same period. The results point to strong growth in both profitability and income for the company.

Gold rose to a two-month high above $4,400 an ounce as traders positioned ahead of the US consumer price index release due Wednesday. The median forecast in a Bloomberg survey sees July CPI rising 0.1% month-on-month after a 0.4% decline the prior month. Cleveland Fed President Beth Hammack said multiple rate hikes may be needed to return inflation to the central bank’s 2% target. Silver climbed 0.4% to $65.98 an ounce.

European benchmark gas futures surged more than 10% on Monday as traders remained unconvinced that negotiations involving Iran and Oman would quickly restore global LNG flows via the Strait of Hormuz. Europe’s storage sites are just under 59% full, well below the five-year seasonal norm of 76% and at the lowest seasonal level in records dating back to 2009. Citigroup strategists including Maggie Xueting Lin expect inventories to reach about 74% by the end of October if Middle East LNG exports gradually resume from mid-August, but warned of demand-spike risks if El Niño brings extreme cold spells, according to Bloomberg. Dutch TTF front-month futures settled at €61.24 per megawatt-hour, while US gas futures also posted their biggest gain in more than two months on short-covering tied to swings in weather forecasts.

Chicago wheat futures climbed as traders positioned for the US Department of Agriculture’s monthly supply-and-demand report, which is expected to show tighter global grain supplies. The most-active contract rose as much as 2.5% intraday to its highest level since July 30 before giving back some gains. The Black Sea remains the main export gateway for Russia and Ukraine, which together account for over a quarter of global seaborne wheat shipments and a 10th of corn. Markets are focused on the prospect of a tighter supply outlook.

Markets are turning to the next inflation release for a clearer read on whether the AI-led rally can keep going. Traders now see a 56% chance the Federal Reserve holds rates steady in September. In the S&P 500, 86% of constituents have reported second-quarter results, and 86% of those beat expectations, with earnings averaging 29% above forecasts. JPMorgan lifted its S&P 500 year-end target to 8,000 on Monday, and Berkshire Hathaway bought back $4.5 billion of stock in the second quarter, the company’s biggest quarterly repurchase in nearly a decade.

Timely rain across Australia’s eastern growing belt has sharply improved prospects for the 2026 wheat crop. Rabobank lifted its estimate from an initial low of 21.3 million tons to as high as 30 million tons, still below last year’s 35.8 million tons but above the 10-year average, according to the bank. Bendigo Bank Agribusiness put the crop at about 30 million tons, with potential for an upgrade to 33 million tons.

Soft US employment data sent short-term Treasury yields sharply lower. The two-year yield fell about 5 basis points to 4.19%, marking its biggest weekly drop since May. The 10-year yield declined about 9 basis points on the week to 4.65%, its first weekly fall in three. In interest-rate swaps, traders cut the implied probability of a Federal Reserve hike in September to about 40% from close to 60% before the data.

On 4 August, expectations of easing US-Iran tensions lifted international gold by $61 to $4,151 per ounce, while silver rose $2.35 to $60.24. A pullback in oil prices reduced inflation worries, pushing the implied probability of a September Federal Reserve rate hike down to 57%. Investors are awaiting the ADP employment report and the nonfarm payrolls data to assess the Fed’s policy path.

India’s four biggest listed developers—DLF, Godrej Properties, Prestige Estates and Lodha—recorded combined sales bookings of ₹1.05 trillion in FY26 and are targeting ₹1.19 trillion in FY27. Godrej Properties reported a 42% year-on-year drop in quarterly net profit to ₹350 crore as revenue recognition declined, even as presales remained strong. The company added three projects that it expects to deliver ₹9,500 crore in booking value, underscoring continued demand and a rising tilt toward larger branded builders.