IGI Logo

Market Review

US:

US equity inched downwards after Moody's Ratings cut its credit rating on the US government by a notch, on account of rising government debt.

Asia:

Asia markets fell Monday as investors assess the latest slate of economic data from China and Moody’s downgrade of the U.S. credit rating.

India:

India's benchmark equity indices closed lower on Friday after rallying for two consecutive sessions. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy : 

China’s industrial output in April grew 6.1% from a year earlier, slowing from 7.7% growth in March, official data showed. Retail sales, a gauge of consumption, rose 5.1% in April, slowing from a 5.9% increase in March. Markets had expected retail sales to grow 5.5%. Fixed asset investment expanded 4.0% in the first four months of 2025 from the same period a year earlier, compared with expectations for a 4.2% rise. It grew 4.2% in the first quarter. China new home prices were unchanged in April from a month earlier for a second month, official data showed, signalling persistent downward pressure despite policymakers’ efforts to stabilise the sector. April’s result, as calculated by Reuters based on data from China’s National Bureau of Statistics, extends the no-growth trend seen since May 2023. From a year earlier, prices in April were down 4.0%, a slight improvement from a 4.5% decline last month.

Commodities:

Oil prices remained steady as investors monitored Iran-U.S. nuclear talks and awaited crucial Chinese economic data amid trade tensions. Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S.

Currency:

The U.S. dollar weakened in early Asian trade. This happened after a surprise downgrade of America's credit rating. Trade tensions also affected market sentiment. Moody's lowered the U.S. rating due to debt concerns. Scott Bessent mentioned possible tariffs. The dollar fell against the yen and Swiss franc. The Australian dollar saw a slight increase.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176