IGI Logo

Market Review

US:

US stocks ended higher on Friday, building on a rally that saw four major indices notch records for the first time since 2021 after the Federal Reserve cut interest rates

Asia:

Asian stocks inched up and the dollar was steady on Monday as traders pondered the U.S. monetary policy path after the Federal Reserve's rate cut last week, while President Donald Trump's immigration crackdown, opens new tab on worker visas kept sentiment in check.

India:

India's benchmark equity indices closed in the red ending the three-day winning streak on Friday. Market is expected to open on a gap down note and likely to witness a sideways move during the day

Global:

China’s central bank left the seven-day reverse repo rate, which now serves as the main policy rate, unchanged last week.U.S. President Donald Trump said he and Chinese President Xi Jinping made progress on a TikTok agreement and would meet face-to-face in six weeks in South Korea to discuss trade, illicit drugs and Russia’s war in Ukraine. The one-year LPR was kept at 3.0% on Monday, while the five-year LPR was unchanged at 3.5%.

A new $100,000 fee for H-1B visas in the United States that goes into effect on Sunday will be levied per petition and will not be applied to existing visa holders re-entering the country.This is NOT an annual fee. It’s a one-time fee that applies only to the petition.A petition is a request by a company to bring a skilled worker from another country into the United States. H-1B visa holders who are currently outside of the country will not be charged $100,000 to re-enter USA.

Commodities:

Oil prices saw a slight increase due to geopolitical tensions in Europe and the Middle East. Russia's actions near Poland and airspace violations raised concerns. Ukraine's drone attacks on Russian energy infrastructure added to the unease.

Gold prices are stable near record highs. Investors are watching for United States inflation data. Many Federal Reserve officials will speak this week. The central bank may further ease monetary policy

Currency:

The dollar remained stable as investors anticipated insights from Federal Reserve officials regarding future interest rates. Currency movements were subdued after recent rate decisions by the Fed, Bank of England, and Bank of Japan. The yen weakened slightly, while sterling fell due to domestic economic concerns.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176