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Market Review

US:

S&P 500 and NASDAQ ended sharply lower on Thursday due to Nvidia's disappointing quarterly report and data indicating a cooling U.S. economy, despite an upbeat revenue outlook.

Asia:

Asia Pacific region continued to decline on Friday, after heavy selling in US markets as investors digested underwhelming Nvidia Corp. India: Benchmark indices ended Thursday's session flat, with the media and realty sectors declining the most, while finance emerged as a top sectoral gainer, followed by metal. Market is expected to open on a gap down note and likely to witness range bound move during the day.

Global economy:

CPI inflation in Tokyo grew slightly less than expected in February, but was above the Bank of Japan’s target, helped by strong private spending. Core CPI, which excludes volatile fresh food prices- rose 2.2% y-o-y in Feb, after hitting an 11-month high in the prior month. The reading was slightly below expectations of a 2.3% rise, and slowed from the 2.5% seen in January. Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage rates and house prices reduced affordability for prospective buyers. As per the National Association of Realtors, its Pending Home Sales Index, based on signed contracts, and dropped 4.6% last month to 70.6, an all-time low. The number of Americans filing new applications for unemployment benefits posted the largest increase in five months last week, but the underlying trend in claims remained consistent with a steadily slowing labor market.The larger-thanexpected rise in initial claims reported by the Labor Department was likely the result of snowstorms in many parts of the country.

Commodities:

Oil prices eased on Friday, heading for their first monthly drop since November, as uncertainty over global economic growth and fuel demand from Washington’s tariff threats and further signs of a U.S. economic slowdown outweighed supply concerns. Gold prices rose slightly on Friday but are set to end an eightweek winning streak as a stronger dollar weighs on the metal. Investors are focusing on upcoming U.S. inflation data for indications of the Federal Reserve's future monetary policy.

Currency:

The dollar drew safe-haven support on Friday ahead of U.S. President Donald Trump’s impending tariffs, though was still headed for a monthly loss as investors weighed those threats against a darkening U.S. growth outlook.

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