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Market Review

US: Stocks rose modestly Monday as Wall Street kicked off a busy earnings week and wrapped up a winning month..

Asia: Asia-Pacific markets were mixed on Tuesday as China's factory activity fell into contraction territory for the first time since April, according to the Caixin survey compiled by S&P Global..

India: Indian benchmark equity indices, Sensex and Nifty, rebounded by over half a per cent on Monday, led by buying in major stocks like Reliance Industries and Tata Consultancy Services, as well as strong global trends. Sensex closed at 66,527.67 with a gain of 0.56%, while Nifty ended at 19,753.80, up by 0.55%.Market is expected to open on a flattish note and likely to witness positive move during the day

Global Economy: Chinese manufacturing activity unexpectedly shrank in July, a private survey showed on Tuesday, highlighting the need for more stimulus measures from Beijing as the country’s biggest economic engines run out of steam.The Caixin manufacturing PMI read 49.2 for July, lower than forecasts of 50.3 and the prior month’s reading of 50.5 South Korea's exports fell more than expected in July and at the steepest pace in more than three years, raising concerns that the downturn may drag on longer than expected amid persistently weak demand from China.Overseas sales by Asia's fourth-largest economy fell 16.5% year-on-year to $50.33 billion in July, compared with a 6.0% decline in June

Commodities: Gold prices edged lower on Tuesday, although futures remained largely ahead of spot rates, while copper prices were underpinned by growing expectations of more stimulus measures in China. Oil prices fell slightly in Asian trade on Tuesday, hovering near three-month highs after a strong run of gains as markets digested mixed economic cues from major importer China, while strength in the dollar also weighed.

Currency: The yen slipped to a fresh three-week low on Tuesday as traders pondered the Bank of Japan's steps last week to tweak its yield curve control policy, while the Australian dollar was soft ahead of the Reserve Bank of Australia's policy decision.

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