Global Market: Good signs are being seen for the Indian market today. The gift Nifty is trading with a slight speed. Asian markets and dow futures are also trading with an edge. The US market has seen a surge in the US market due to low retail inflation data than expected. Nasdaq has increased by about a quarter percent.
The market closed with mixed indications yesterday. Dow Jones closed after recovering from the lower level of the day. S&P 500, Nasdaq and index closed in green mark. Nasdac closed with an increase in tech shares. Less than expected inflation figures were supported. The market fears that inflation will increase due to tariffs. Bank of Canada cut interest rates by 0.25%. Further, interest rates will be cut with caution.
Has the tariff war started?
Canada and the European Union imposed tariffs on the US. Tariff was imposed on steel, aluminum in response to 25% tariff. Canada imposed 25% tariff on US goods worth $ 20.8 billion. Canada will raise the tariff issue in the G-7 meeting. The European Union imposed tariffs on US goods worth 26 billion euros worth. Full tariffs of the European Union will be effective from April 13. Clothing and agricultural products will also be charged.
Which American goods will be tariffs?
Tariffs have been installed on home appliances, soybeans, beef and poultry products.
European Union statement on tariff
We are ready to interact with the US on the issue of tariffs. No one will benefit from applying high tariffs.
Mexico on Trump’s tariff
At present, no response to America’s action is being given. We will wait by April to reach the agreement with the US.
America’s budget deficit increased
A budget deficit of $ 1.1 trillion in the first 5 months of this financial year. The deficit increased by 17% compared to the previous year. The Treasury Department said that dog has no significant effect.
Important data today
Eurozone has industrial production. The productive price inflation in the US is high. America’s early unemployment claims.
Asian market
Today, strong business is being seen in the Asian market. The gift Nifty is trading with a gain of 19.00 points. Whereas, Nikkei is seen with an increase of 0.95 per cent to around 37,173.82. Whereas, Straits Times is showing a growth of 0.21 percent. Taiwan’s markets are trading at 22,250.54, declining 0.13 per cent. While Hang Seng is seen at a level of 23,650.26 with a gain of 0.21 per cent. Meanwhile, Kospi is trading 0.33 percent to 2,583.36. Meanwhile, Shanghai Composite is trading at 3,364.71 with a gain of 7.21 points or 0.31 percent.
