Global Market: Weak signs are being seen for the Indian market. The gifty is trading about 150 points, below 150 points. Pressure is being seen in Asian markets. Meanwhile, the trump tariff war caused a rapid decline in the US market.
The market closed down yesterday. The decline in tech shares put pressure on Nasdaq. Dow Jones broke 650 levels from the highest level of the day. American PCE data will be released today.
Profit booking in NVIDIA?
Yesterday it closed down 8.5%. The stock reached a five -month low. Market capitalization fell below 3 trillion dollars.
Trump’s tariff spread panic
Canada, 25% tariffs will be imposed on Mexico. Additional 10% tariffs will be imposed on China. Tariffs will be imposed on both countries from March 4.
Trump talked about tariff
Tariffs will be imposed on imported products from these countries. Large amounts of drugs are still coming to the US from the north. China was applied 10% additional tariffs. Canadian energy products will have a 10% tariff. Mutual tariffs will be implemented from April 2.
Effect of trump tariff
The dollar index crossed the 107 level. The pressure on the currencies of Canada, China and Mexico increased.
US economic figures
The growth rate of the fourth quarter gross domestic product was estimated at 2.3%. Consumer expenditure increased by year-by-year 4.2%. Early unemployment claims are the highest since October 2024.
Will the interest rates in America no longer reduce?
Beth Hamac said that this rate will remain stable for some time. Interest rates should no longer fall. Beth Hamac is the chairman of Cleveland Fed.
Asian market
Today, weakness business is being seen in the Asian market. The gift Nifty is trading with a decline of 131 points. At the same time, Nikkei is seen by 2.89 percent to around 37,182.09. Whereas, Straits Times seems to have a decline of 0.43 per cent. Taiwan’s markets are closed today. While Hangseng is seen by 1.76 per cent to 23,300.59. Meanwhile, Kospi is trading at 2,543.29 with a decline of 2.99 percent. Meanwhile, Shanghai Composite is trading at 3,368.69, a 19.37 points or 0.57 percent decline.
