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Market Review

US:

US markets were closed for Labor Day holiday.

Asia:

Asia-Pacific markets mostly fell Tuesday, as investors weighed U.S. President Trump’s escalatory rhetoric on tariffs and assessed his move to fire Fedl Reserve Governor Lisa Cook

India:

Indian markets bounced back on Monday after a threeday losing streak, lifted by a robust 7.8% GDP print and easing worries over Trump’s tariffs following a U.S. court ruling. While optimism grew around autos and consumer durables, analysts warned that GST and borrowing pressures could temper sentiment. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

US President Donald Trump has threatened pharmaceutical import tariffs of up to 200 per cent, a move that experts warn could raise drug costs and create shortages across the United States. Analysts say stockpiling may delay pain until 2027, but generics and low-income patients would suffer most. India’s exporters have been excluded from immediate enforcement. Courts have questioned the administration’s authority and the issue may reach the Supreme Court. The policy forces a choice between reshoring production and preserving affordable access.

India and the UAE recently engaged in discussions. They focused on strengthening ties in renewable energy and digital infrastructure. Both nations want better trade data sharing. This will improve monitoring under their trade agreement. They also reviewed progress under the India-UAE CEPA. The aim is to reach $100 billion in non-oil trade by 2030.

Commodities:

Oil prices rose on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.

Gold prices climbed to a more than four-month high on Tuesday, inching closer to the all-time high touched in April, supported by a weaker dollar and growing expectations for a U.S. interest rate cut this month.

Currency:

The U.S. dollar made a limp recovery in early Asian trade after days of selling, ahead of the U.S. markets reopening later on Tuesday after the Labor Day holiday.

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