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Market Review

US:

US markets closed lower overnight as investors sold off shares of some popular companies following a weak forecast from retail giant Walmart, raising concerns about the economic outlook

Asia:

Markets in the Asia-Pacific region were trading mixed on Friday as investors assessed inflation data from Japan, while the threat of US President Donald Trump’s tariff proposals weighed on global markets.

India : 

Indian markets closed in the red once again, as selling pressure in financial and IT stocks dragged the frontline indices lower, offsetting gains in metal and real estate stocks. Market is expected to open on a gap down note and likely to witness range bound move during the day

Global economy:

Japanese manufacturing activity shrank for the eighth consecutive month in February as labor shortages and persistent inflation eroded sector sentiment, preliminary purchasing managers index data showed on Friday, while services sector activity picked up slightly. The PMI came in at 48.9 in February, below the forecast of 49.0. It was slightly higher compared to January's contraction of 48.7.

Japanese consumer price index inflation grew more than expected in January amid robust consumer spending, pointing to a hawkish outlook for the Bank of Japan in its plans for more interest rate hikes. Headline national CPI surged to a two-year high of 4.0% year-on-year in January from 3.6% in the prior month, government data showed on Friday.

Commodities:

Oil prices extended gains on Friday, headed for a weekly increase, as falling inventories of U.S. gasoline and distillate raised expectations of solid demand while concerns over supply disruptions in Russia lent support. Gold prices were little changed on Friday but remained on track for an eighth successive weekly gain, driven by concerns over U.S. President Donald Trump's tariff plans, which could spark trade wars and stoke inflation

Currency :

 The dollar was set for a third weekly drop in a row as traders calculated the start of Donald Trump's second term has been mostly bluster on the tariff front

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