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Market Review

US:

US stocks fell on Monday as risk appetite was subdued ahead of a data-filled week that could influence how quickly the Federal Reserve resumes its interest-rate cuts.

Asia:

Asian stocks opened higher after a US-China tariff truce offered relief to markets ahead of a key US inflation report expected to shape the Federal Reserve’s interest-rate path.

India:

The Indian equity benchmarks closed in the green on Monday as shares of HDFC Bank Ltd., RIL and SBI led the gains. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

President Donald Trump on Monday delayed high U.S. tariffs on Chinese goods from snapping back into place for another 90 days. Those tariffs were set to resume Tuesday. But Trump signed an executive order hours beforehand that extends the deadline until mid-Nov, according to the official. The delay was the expected outcome from the latest round of talks between U.S. trade negotiators and their Chinese counterparts, which took place in Stockholm in late July. German business insolvencies registered in July increased by 19.2% compared to the same month last year. The rise in business failures highlights the economic challenges facing Chancellor Friedrich Merz’s government as it works to stimulate growth in Europe’s largest economy. The statistics office noted that many of these insolvencies were actually initiated approximately three months before they were officially registered.

Commodities:

Oil prices went up after President Donald Trump extended a pause of high US tariffs on China. Gold prices slightly recovered on Tuesday, after a sharp fall in the previous session, as investors looked forward to U.S. inflation data that could offer further insight into the Federal Reserve's rate-cut trajectory.

Currency:

The U.S. dollar held steady on Tuesday, with markets braced for a key consumer inflation report later in the day that could shape expectations for Federal Reserve interest rate cuts.

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