Market is expected to open on a flattish note and likely to witness range bound move during the day - Nirmal Bang Ltd
.jpg)
Market Review
US:
U.S. stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan executives added to worries about U.S. President Donald Trump's recent proposal for a cap on credit?card rates.
Asia:
Asian stocks rose on Wednesday, buoyed by Japanese shares, as investors braced for a snap election in Japan that could lead to more fiscal stimulus, while worries about central bank independence and benign U.S. inflation data whipsawed currencies
India:
Indian benchmark indices ended marginally lower on Tuesday, with the Nifty closing below the 25,750 marks amid weekly F&O expiry-related volatility. Market is expected to open on a flattish note and likely to witness range bound move during the day.
Global economy:
U.S. President Donald Trump said, he thinks China can open its markets to American goods, once again asserting he had a good relationship with Chinese leader Xi Jinping. I think it’s going to happen, Trump said when asked if he thinks Chinese markets could open to U.S. goods.
The Trump administration gave a formal green light to Chinabound sales of Nvidia’s second most powerful AI chips, putting in place a rule that will likely kickstart shipments of the H200 despite deep concerns among China hawks in Washington. Global central bank chiefs and top Wall Street bank CEOs lined up in support of Federal Reserve Chair Jerome Powell on Tuesday after the Trump administration threatened him with a criminal indictment, evidence of the relationships Powell has built during his years at the Fed and of the importance of the U.S. central bank to global financial markets.
Commodities:
Oil prices paused their run of gains on Wednesday, slipping after four days of increases, as Venezuela resumed exports, but fears of Iranian supply disruptions following deadly civil unrest in the major Middle Eastern producer loom over the market.
Gold prices climbed above $4,610 per ounce on Wednesday, attempting to notch a fresh record, supported by growing bets on US rate cuts and increased safe-haven demand.
Currency:
The U.S. dollar recovered ground to near a onemonth high in early Asian trade on Wednesday after U.S. CPI data that was broadly in line with estimates, firming up expectations that the Federal Reserve will remain on hold later this month despite unprecedented pressure from the White House to lower interest rates.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
_Securities_(600x400).jpg)
