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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? April 12, 2026 Index Outlook: Rising From Dire Straits US Market Outlook: Gaining Strength Bullion Cues: Gold And Silver Futures Face Barrier F&O Tracker: Tentative Shift In Trend F&O Strategy: Buy L&T Put Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Iran's new supreme leader Mojtaba Khamenei has severe and disfiguring wounds, sources say No road tax, registration fees for electric vehicles priced up to ₹30 lakh till March 2030: Delhi’s draft EV policy Central Railway to run four special local trains for Ambedkar Jayanti West Asia tensions push up costs for India; further impact hinges on stability: Report ED initiates fresh raids against former Bengal minister Chatterjee in teacher recruitment scam Election Commission reverses Mittal’s DVAC posting, appoints him DGP, TN Armed Police Israel and Lebanon are expected to hold talks. Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports
Uncertainty prevails over El Nino’s potential strengths, ...
2026-04-29 · via Business News Today: Latest Business News, Finance News
Most Models suggest El Niño may develop, but timing varies from May to July

Most Models suggest El Niño may develop, but timing varies from May to July | Photo Credit: R SENTHILKUMAR

There is uncertainty over the potential strength of the El Niño that will likely emerge this year. According to the Australian Bureau of Meteorology (BoM), model forecasts range from a weak-to-moderate event to the possibility of a strong event, based on the level of warming in the central tropical Pacific (relative Nino3.4 index).

“A strong El Niño signal in the Niño3.4 region doesn’t necessarily mean strong impacts ... ENSO (El Nino-Southern Oscillation) is only one of many factors that can influence Australia’s seasonal weather and climate,” it said in its latest climate driver update.

All models, including the BoM’s, forecast the tropical Pacific to continue warming in the coming months, reaching El Niño thresholds later in the year. “There is some variation across models in the rate at which El Niño thresholds may be reached, with some suggesting development as early as May, while others show a slower warming with thresholds not being met until July,” the weather agency said.

It said ocean temperatures around Australia are mixed, with cooler waters in some regions and warmer waters along the east coast. The Pacific is neutral, but the heat is brewing. “Forecasts point to warmer seas in the future, which could mean more rain and possibly an El Nino later this year,” said BoM.

Warmer SSTs

Sea Surface Temperature (SST) forecasts for May to July indicate warmer-than-average waters around much of Australia, with temperatures up to 2°C warmer than average in the Tasman Sea. Warmer waters can increase the potential moisture and energy available for rain systems.

The report says the El Niño–Southern Oscillation (ENSO) is neutral now. The latest Niño-3.4 index value for the week ending 26 April 2026 is 0.23°C, within the ENSO-neutral range (−0.80 to +0.80°C).

The region has warmed in recent weeks, with the index warming 0.5°C over the past fortnight. The recent warming in the sub-surface indicates that the SSTs are likely to warm further in the coming weeks.

Atmospheric indicators, including trade winds, pressure and cloud patterns across the tropical Pacific, remain consistent with ENSO-neutral conditions.

The Madden-Julian Oscillation is likely to cross the Indian Ocean in the next few days and could re-intensify around mid-May over the Western Hemisphere region. If this occurs, the associated westerly wind anomalies over the western Pacific could favour further warming of the tropical Pacific.

Southern Oscillation Index

As of April 26, 2026, the 30-day Southern Oscillation Index (SOI) is −10.6, with the recent drop in the index reflecting the shift from monsoonal conditions to a period of more settled weather and above-average pressure in Darwin. The 60-day and 90-day SOI index values are +2.5 and +6.2, respectively.

The Southern Oscillation Index (SOI) measures the large-scale fluctuations in air pressure between Tahiti (central Pacific) and Darwin, Australia (western Pacific), and is an indication of the atmospheric component of El Niño–Southern Oscillation (ENSO). Negative values indicate El Niño (warmer ocean) and positive values indicate La Niña (cooler ocean).

IOD neutral

The Indian Ocean Dipole (IOD) is neutral. As of 26 April 2026, the IOD index is +0.09°C. Models indicate the IOD is most likely to remain neutral until the end of autumn, with a positive IOD possible during winter–spring.

Some models show it could develop earlier, in late autumn. However, the forecast uncertainty associated with the IOD is high at present, with models having a large spread of possible outcomes.

The Southern Annular Mode (SAM) index is neutral as of 26 April 2026. It is forecast to remain mostly neutral over the coming fortnight, the report noted.

The Southern Annular Mode is the main climate pattern of the Southern Hemisphere, describing the north-south movement of westerly winds between the mid-latitudes and Antarctica.

Published on April 29, 2026