Market is expected to on a negative note and likely to witness range bound move during the day - Nirmal Bang Ltd
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Market Review
US:
Wall Street’s optimism faded as investors parsed mixed economic data and reassessed rising geopolitical risks, following a wave of social media posts from the US President. The S&P 500 fell 0.3% after hitting its second intraday record of 2026 on Wednesday, while the Nasdaq 100 struggled to maintain modest gains.
Asia:
Asian equities slipped for a second straight session as the recent record-setting rally began to cool. Treasuries held onto gains after advancing in US trading, helped by mixed US economic data
India:
Indian equity markets ended marginally lower for the third straight session amid global geopolitical concerns and persistent FII outflows. Market is expected to on a negative note and likely to witness range bound move during the day.
Global economy:
U.S. President Donald Trump signed a memorandum withdrawing the U.S. from 66 international organizations, including several key United Nations bodies. Trump said the order came following a review of all international organizations and treaties that the U.S. is part of, with Washington now withdrawing support for all organizations that it deems are contrary to the interests of the U.S.
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined significant changes to bank supervision and regulation during a speech at the California Bankers Association Bank Presidents Seminar.
The U.S. Department of Transportation said on Wednesday it is withholding $160 mn in federal funds from the state of California for failing to cancel over 17,000 improperly issued commercial driver’s licenses held by non-U.S. citizens.
Commodities:
Oil prices gained slightly on Thursday, rebounding from two days of declines, as a larger-thanexpected draw in U.S. crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela.
Gold and other precious metals rose on Thursday after U.S. private payroll data showed job openings fell to a 14-month low in November, reinforcing bets for Federal Reserve rate cuts, though gains were capped by a firmer dollar and higher yields.
Currency:
The dollar was calm on Thursday as investors weighed a slew of data that showed the U.S. economy was in a delicate position ahead of a crucial jobs report on Friday, with rising geopolitical tensions keeping sentiment in check.
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