Global Market: Good signs are being seen for the Indian market. FIIs saw the selling in cash, but there was good purchase in the futures. The gift Nifty is trading up about 150 points. Business is booming in Asia. Yesterday there was a boom in the US market. Dow Jones closed up 350 points.
US market status
The market closed with an increase for the second consecutive day. In two days, Dow Jones increased by 1000 points. Yesterday, 90% of the shares of S&P500 saw an increase. Most of the megacap tech stocks performed weak.
American retail sales
Retail sales increased by 0.2% in February. The market expected 0.6%.
Focus on central bank
The market has little hope of hike in the US. The US Fed will decide on interest rates tomorrow. Bank of Japan will also decide at rates tomorrow. Bank of England will decide on interest rates on Thursday.
What is the condition of crude oil?
China’s consumption growth will put pressure on improving the economy. China is the largest importer of crude oil in the world. Geophysical tension has increased again in the Middle East. Donald Trump said that he would continue attacking the rebels.
Trump’s statement on Truth Social
Iran is responsible for the attacks of Yemen’s Houthi rebels. Iran will have to suffer its serious consequences. The attacks of the Hothi rebels will be strongly responded. Iran is providing weapons and funds to the rebels. Iran also provides advanced military equipment and intelligence information.
Gold continues to boom
Prices in the international market reached close levels. The purchase will increase in 2025 after selling in ETF for 4 years. Goldman Sachs said that gold prices could cross $ 3100. McWery increased her gold target from $ 3,000 to $ 3,500.
Increase in base metals
Copper prices continued to rise in the international market. Prices reached a 10 -month high. Copper prices crossed $ 4.96 per pound. Aluminum prices are at a 9 -month high. Aluminum prices reached close to $ 2700.
Statement of US President Trump
Iran will be responsible for the Hauthi attacks. The Chinese President will soon visit the US.
Asian market
Today, Asian markets are getting trading strongly. The gift Nifty is trading with a gain of 138.50 points. Whereas, Nikkei is seen with a gain of 1.44 per cent to around 37,943.23. At the same time, Straits Times is showing a strength of 1.07 percent. Taiwan’s markets are trading 0.35 per cent to 22,195.74. While Hang Seng is seen at a level of 24,651.47 with a gain of 2.10 per cent. Meanwhile, Kospi is trading 0.15 percent to 2,614.73. Meanwhile, Shanghai Composite is trading at 3,430.46 with a gain of 4.33 points or 0.13 percent.
