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Market Review:

US

The Dow Jones Industrial Average rallied, but the Nasdaq was strongest, as a new U.S. monthly jobs report eased fears the Federal Reserve will increase interest rates.

Asia:

Shares in Asia-Pacific were mixed in Monday morning trade as investors looked ahead to Chinese trade data for May.

India:

Benchmark indices succumbed to profit booking, even as healthy buying continued in the broader market space, after the Reserve Bank of India (RBI) kept repo rate unchanged for the sixth consecutive time at 4% and maintained the policy stance as Accommodative. monetary policy committee (MPC), however, revised the growth projection downward to 9.5% from 10.5% for the current financial year and revised the inflation projection upward to 5.1%. The benchmark S&P BSE Sensex tumbled 436 points from the day's high and hit a low of 51,953. It, however, trimmed losses marginally to settle the day at 52,100 levels, down 132 points or 0.25%. Market is expected to open gap up and likely to witness positive move during the day.

Global Economy:

The Labor Department has reported the U.S. economy added 559,000 jobs in May. This was more than double April's number, but fell short of economists' estimate for a 650,000 net job increase. The unemployment rate dropped to 5.8%. The fact it came in under expectations has eased fears the Fed will move quicker than anticipated to raise interest rates. The May nonfarm payroll report showed that the economy is still far from showing substantial progress with the labor market recovery. The payrolls gain leaves the U.S. labor market 7.6 million jobs short of pre-pandemic levels.

Commodities:.

Oil extended gains to hit fresh multi-year highs on Monday, underpinned by a brighter economic and fueldemand outlook, while investors eyed the outcome of talks between Iran and world powers over a nuclear deal that is set to boost crude supplies. Gold prices held steady on Monday, helped by a pullback in the dollar and lower bond yields after a weaker-than-expected U.S. monthly jobs report calmed investor fears over tightening of monetary policy.

Currency:

The U.S. dollar began the week under gentle pressure, after a second consecutive month of softer-thanexpected U.S. jobs data reversed its recent attempts at a rally, as focus shifted to inflation figures and a European Central Bank meeting.

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