Global Market: There are some positive signs for Indian markets. FII has strong purchases in cash and futures. The gift Nifty is trading with a slight speed. Asian markets are getting mixed results. Trading on dow futures. Meanwhile, yesterday the US saw good recovery from the lower level. Dow Jones and S&P closed with a rapid trend.
US market status
Dow and S&P 500 increased in the last few hours. Dow gained 350 points from the lowest level of the day. S&P 500 closed in green mark for the fifth consecutive day. Dow improved due to an increase between Boeing and IBM. IBM will invest $ 150 billion in the US. NVIDIA collapsed due to a report by Wall Street Journal. Huawei will launch a new powerful AI chip.
Scott Besant spoke on tariff
India can be the first country to talk on tariffs. Reducing tension on tariffs is in China. Government officials met Chinese officials. The meeting was held during the IMF-Vidyav Bank meeting. Last week, IMF-Vidhi Bank meeting was held in Washington. China has been “sidelined a lot for now”. Currently, negotiations are underway with 15-17 countries.
Where is the market attention?
The dollar again fell below 99 after Texas’s weak figures. JP Morgan said that further strength is possible in safe currencies like Yen and Swiss Frank. Gold again reached near $ 3,350 on Comex. The 10-year-old American bond has fallen by 4.2%. Crude oil has been moving towards its biggest monthly decline since 2021.
Statement of Morgan Stanley
Weak dollars will increase the earnings of American companies. The stock market will increase due to increase in earnings of American companies. The S&P 500 index can remain within the range of 5,000-5,500. It is possible to increase the market if an agreement is reached with China or the rates are reduced.
UBS statement
The US market may remain in limited scope. The effect of tariff on income is not yet clear.
Asian market
Today, mixed business is being seen in Asian markets. The gift Nifty is trading with a gain of 34.50 points. Meanwhile, Nikkei markets are closed today. Whereas, Straits Times is showing a gain of 0.39 per cent. Taiwan’s markets are trading 0.52 per cent to 20,138.71. While Hang Seng is seen at the level of 22,085.52 with a strength of 0.52 per cent. Meanwhile, Kospy is trading 0.77 percent to 22,085.52. Meanwhile, Shanghai Composite is trading at 3,286.13 with a decline of 2.28 points or 0.07 percent.
