Welcome back to the show. Today’s podcast episode was created from the following stories:

Metals outlook brightens on global cues; Trent faces near-term headwinds: Siddhartha Khemka

By Anupam Nagar | Published: January 22, 2026 | Source: The Economic Times

Indian metal stocks could be entering a favorable phase as supply curtailments, firming Chinese demand, and India’s safeguard duties support pricing and earnings into 2026. Base metals like copper, zinc, and aluminum lead the upside, with ferrous names set to benefit as India remains the fastest-growing steel market and volumes target roughly 7% CAGR. On the retail side, Khemka advises patience on Trent given rich valuations and near-term macro headwinds before considering fresh buys.

Trump Threatens Retaliation If European Countries Sell U.S. Treasuries—As Some Danish Funds Divest

By Sara Dorn | Published: January 22, 2026 | Source: Forbes

At Davos, President Donald Trump warned of “big retaliation” if European countries sell U.S. Treasuries amid tensions over proposed tariffs tied to his push for “total access” to Greenland. Nordic funds, including Denmark’s AkademikerPension and Sweden’s Alecta, have reduced or planned divestments of U.S. Treasuries, underscoring policy risk, though Trump later backed off tariffs after a tentative NATO deal. Markets are watching for any EU countermeasures and what the episode means for transatlantic capital flows and rates.

Closing thoughts

From cyclical tailwinds in metals to geopolitical moves that could ripple through bond markets, today’s stories show how policy and macro forces can quickly reset market leadership and risk appetite. Keep an eye on base-metal pricing, India’s steel demand trajectory, and any tariff headlines that could sway yields and cross-border flows. We’ll be back tomorrow with the moves that matter.