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Market Review 

US: 

US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war

Asia:

Asian stocks saw muted trade as investors sought clarity following a US market surge that erased year-to-date losses, fueled by indications of receding trade tensions and milderthan-anticipated US inflation data.

India:

The benchmark indices ended the day with losses on Tuesday's trading session. Market is expected to open on a positive note and likely to witness positive move during the day.

Global economy:

The U.S. State Department on Tuesday placed Cuba on a short list of countries it says did not fully cooperate with U.S. counterterrorism efforts in 2024, reversing a decision by the Biden administration the previous year. The State Department said in statement that there are at least 11 U.S. fugitives in Cuba, including several facing terrorism-related charges and that Cuba’s government had made clear it was not willing to discuss their return to face justice in the United States. Cuban Foreign Minister Bruno Rodriguez lashed out at the decision by U.S. Secretary of State Marco Rubio, a CubanAmerican, saying it was based on lies.

U.S. President Donald Trump said on Tuesday that a luxury Boeing 747 offered by the government of Qatar would be used as a temporary Air Force One, signaling his support for accepting the gift despite ethical and security concerns in Washington. In a post on his social media platform Truth Social, Trump emphasized the aircraft is being donated to the U.S. government, not to him personally, and framed the move as a cost-saving measure for taxpayers. The Boeing 747 is being given to the United States Air Force/Department of Defense, NOT TO ME Trump wrote.

Commodities:

Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar

Gold prices edged lower on Wednesday as softening trade tension between the U.S. and China weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve's policy path.

Currency:

The U.S. dollar stabilised on Wednesday following its biggest decline in more than three weeks overnight, with softerthan-expected U.S. consumer inflation data bolstering the case for Federal Reserve easing just as global trade tensions cool.

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