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Market Review

US: The US stock markets remained closed on Monday, September 4 on account of the Labor Day holiday.

Asia: Most Asian stocks fell on Tuesday with Chinese stocks retreating on continued concerns over slowing growth and a property sector meltdown, while hot inflation readings from across the region also pushed up concerns over higher interest rates.

India: Indian shares gained on Monday, led by metals on fresh stimulus support by China for its property sector and information technology (IT) stocks on hopes that the Fed will pause its monetary tightening cycle. The market is expected to open flattish note and likely to witness sideways move during the day.

Global Economy: Australia's export volumes jumped in the June quarter as foreign visitors swarmed the country, data showed on Tuesday, offsetting softness in household consumption and providing a much-needed boost to economic growth. The Swiss economy stagnated during the second quarter of 2023, the government said on Monday, with zero growth reported as the slowdown abroad hit the country's manufacturing sector and goods exports.

Commodities: The gold price continues to oscillate around US$ 1,940 going into Tuesday’s trading session as market headwinds might be offset by geopolitical factors that have seen volatility in the precious metal slide lower. Global Economy: Australia's export volumes jumped in the June quarter as foreign visitors swarmed the country, data showed on Tuesday, offsetting softness in household consumption and providing a much-needed boost to economic growth. The Swiss economy stagnated during the second quarter of 2023, the government said on Monday, with zero growth reported as the slowdown abroad hit the country's manufacturing sector and goods exports. Commodities: The gold price continues to oscillate around US$ 1,940 going into Tuesday’s trading session as market headwinds might be offset by geopolitical factors that have seen volatility in the precious metal slide lower.

Currency: The dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve Bank of Australia's interest rate decision with bets that rates may have peaked.

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