Global Market: Weak signs are being seen for the Indian market. FIIs sold cash worth more than Rs 6,000 crore. Gift Nifty is trading down 40 points. Asian markets saw a decline. Yesterday the US markets broke from their highest level. Dow fell down about 250 points from the highest level of its day. Meanwhile, Nasdaq declined by more than 1 percent.
US market status
Friday’s pressure was also seen on Monday. Due to pressure from tech shares, S&P 500 and Nasdaq declined. Before the results yesterday, NVIDIA shares declined by 3%. NVidia shares declined by 9% in a month. The purchase of hedge funds in 7 major tech shares declined. Hedge Fund shopping is at its lowest level since April 2023.
Trump, tariff and stress
Donald Trump said that tariffs would be imposed on Canada and Mexico. Profits will be imposed on imports from both countries. The tariff between the two countries was suspended by 4 March. Official American tariff rates have not yet been determined. It has been decided to implement mutual tariffs since April.
Canadian Foreign Minister’s statement
The US exports Fantanil to Canada. Guns and tourists are coming from the US in Canada. All colleagues should unite against the US. We have to take retaliation together.
Apple’s big statement
The company will spend $ 500 billion in the US. The company will spend $ 500 billion in the next 4 years. A new server plant will be set up in Houston. This will provide employment to 20,000 people in the next 4 years.
Trump spoke on Apple
The company is investing because it does not want to pay the tariff.
Analyst opinion on the market
Morgan Stanley has said that it is difficult to do anything in the market. JP Morgan says that the performance of companies in the US may remain poor. Morgan Stanley says that S&P 500 is likely to rise in the near future.
Where will you be today?
Statistics of American consumer trust were released today. Apple’s shareholders’ meeting is today. Today a speech will be given by three American Fed officials.
Asian market
Today, mixed business is being seen in Asian markets. Gift Nifty is trading down 40 points. At the same time, Nikkei is seen by 1.12 per cent to around 38,345.99. At the same time, Straits Times is showing a weakness of 0.13 percent. Taiwan’s markets are trading at 23,360.79, declining 0.87 per cent. While Hangseng falls 0.79 per cent to 23,158. Meanwhile, Kospy is trading at 2,636.32, declining 0.34 percent. Meanwhile, Shanghai Composite is trading at 3,363.26, declining 9.77 points or 0.29 percent.
