Market is expected to open on a gap up and likely to witness positive move during the day - Nirmal Bang Ltd
Market Review
US:
US stock market closed mostly lower on Monday amid heightened volatility, weighed down by growing concerns over a potential economic slowdown and rising inflation due to President Donald Trump’s tariff policies.
Asia:
Asian markets faced heightened volatility Tuesday on concerns that President Donald Trump’s trade war is risking global economic growth.
India:
India's benchmark equity indices hit a 10-month low and ended with losses on Monday, extending declines for the third straight session. Market is expected to open on a gap up and likely to witness positive move during the day
Global economy:
China decried as blackmail on Tuesday U.S. President Donald Trump’s threat to add a further tariff of 50% on its goods, after he demanded that Beijing withdraw its plans for counter-tariffs. If neither side blinks and Trump sticks to his plans, total new levies could climb to 104% this year on Chinese goods imported into the United States, escalating a trade war that has already spurred the biggest market losses since the pandemic.
Japan’s Economy Minister Ryosei Akazawa has been appointed as trade negotiator with the U.S., the government’s top spokesperson. Bilateral discussions on exchange-rate moves will continue to be managed by Japan’s finance minister and the U.S. treasury secretary, Chief Cabinet Secretary Yoshimasa Hayashi told a news conference. Japanese PM Shigeru Ishiba is considering another visit to the U.S. for discussions with U.S. President Donald Trump at the most appropriate timing, with progress in ministerial-level talks being a key consideration.
Commodities:
Oil prices rose more than 1% on Tuesday, rebounding after a hefty selloff in recent sessions led by concerns that U.S. tariffs might depress demand and lead to a global recession.
Gold prices edged higher on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted demand for safe-haven assets.
Currency:
The safe havens yen and Swiss franc held near sixmonth highs on Tuesday while the U.S. dollar nursed broad losses as financial markets grappled with mounting recession worries in the wake of President Donald Trump's sweeping tariffs.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
