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Market Review

US:

US stocks retreated on Tuesday as investors digested the latest wave of corporate earnings, economic data, and various tariff updates.

Asia:

Asia-Pacific markets traded mixed after losses on Wall Street as investors weighed weaker-than-expected economic data as well as fresh tariff comments from U.S. President Donald Trump.

India:

Indian equity indices ended lower with bank, IT, oil & gas, FMCG, pharma down 0.5 percent each, while auto index up 0.4 percent. Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global economy:

Canada’s trade relationship with the United States provided a critical lift in June, as both exports and imports surged, buffering broader global softness. Exports to the U.S. rose 3.1% month-over-month, while imports gained 2.6%, driving Canada’s merchandise trade surplus with its largest partner to $3.9 billion, up from $3.6 billion in May.

South Korea’s headline Consumer Price Index moderated to 2.1% yoy in July, matching market consensus expectations. On a month-over-month basis, inflation rose by 0.2% seasonally adjusted, maintaining the same pace as the previous month. Core inflation, which excludes agricultural and oil products, decreased to 2.3% yoy from 2.4% previously.

Commodities:

Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over its Russian crude purchases.

Gold prices increased for the fifth day. This rise is due to possible lower interest rates in the United States. Investors are awaiting President Trump's decision on Federal Reserve appointments.

Currency:

The dollar remained range bound as investors awaited President Trump's Federal Reserve Board nominee. U.S. services sector activity flat lined in July, highlighting the impact of tariffs. Despite this, the dollar's movements were muted, with traders hesitant to take positions before the Fed announcement.

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