IGI Logo

Market Review 

US:

U.S. stocks climbed on Thursday after President Donald Trump announced a trade deal framework with the United Kingdom, the first major agreement since the US imposed widespread tariffs earlier this year.

Asia:

Asian stocks inched higher on Friday after US President Donald Trump announced a trade deal with the UK and signaled tariffs on Chinese goods may fall if upcoming talks go well.

India:

Indian equity benchmark indices settled in red on Thursday after tensions between India and Pakistan escalated after Ministry of Defense said that as a part of Operation Sindoor, Indian Forces neutralized air defense radars and related systems at several locations in Pakistan. Market is expected to open on a gap down note and likely to witness range bound move during the day.

Global economy:

The latest economic data reveals a slight decrease in U.S. Wholesale Inventories, a key indicator of the total value of goods held in inventory by wholesalers. This event, closely watched by economists and investors, has seen the actual figure falling to 0.4%. This figure falls short of the forecasted 0.5%, indicating a lower than expected inventory buildupThis suggests a slight slowdown in the accumulation of unsold goods, which could be interpreted as a sign of increased consumer demand or more efficient inventory management by wholesalers.

According to data from the Central Statistics Office, Ireland’s annual CPI increased to 2.2% in April, a rise from 2.0% in the previous month. The index also showed a month-on-month growth of 0.4%.In addition to the CPI, the Harmonized Index of Consumer Prices also experienced an increase. The HICP, which excludes mortgage interest costs in its calculation, rose to 2% year-on-year, up from 1.8%.

Commodities:

Oil prices remained steady on Friday after a previous surge, buoyed by easing U.S.-China trade tensions and a new U.S.-Britain trade agreement.

Gold prices firmed on Friday, as investors bought bullion following a decline in the previous session, while markets looked ahead to U.S.-China trade talks due this weekend.

Currency:

The dollar headed for a weekly gain on most major peers as a U.S.-UK trade deal raised hopes of progress in looming U.S.-China talks, while bets of imminent U.S. rate cuts receded after the Federal Reserve indicated it was in no hurry.

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