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Market Review

US:

Wall Street's main indexes closed lower on Monday, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week.

Asia:

Asia-Pacific markets were mostly higher Tuesday, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data.

India:

The benchmark equity indices ended the week's first trading session on a lower note on Monday amid weak global cues. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

China has pledged to implement more proactive fiscal stimulus measures and adopt moderately looser monetary policies in 2025. The readout flagged achievements in strengthening economic resilience, advancing technological innovation, deepening reforms, and safeguarding people’s livelihoods. These efforts have contributed to maintaining stability and reinforcing China's economic and comprehensive national strength. European nations are currently grappling with their most significant economic challenges post-pandemic. Inflation and the cost of living crises, which rose sharply since early 2022, have become especially pressing issues, creating ripples of discontent and leading many to question the stability of existing political structures.

Commodities:

Oil prices eased only slightly on Tuesday, holding on to most of their gains from the prior session as mounting geopolitical risk after the fall of Syrian President Bashar al-Assad and China's vow to ramp up policy stimulus kept a floor under prices. Gold prices remained mostly unchanged on Tuesday, staying near a two-week high hit in the previous session, as investors awaited key U.S. inflation data, due later this week, for further insights into the Federal Reserve's interest rate outlook.

Currency:

The U.S. dollar edged to the highest level this month against the yen on Tuesday as traders looked ahead to a reading of U.S. inflation due the following day for further clues on the path of Federal Reserve policy.

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