Market is expected to open on a positive note and likely to witness positive move during the day - Nirmal Bang Ltd
Market Review
US:
On Friday, U.S. markets closed lower, with the S&P 500 down 0.7%, the Dow Jones Industrial Average falling 0.6%, and the Nasdaq Composite dropping 1%.
Asia:
Most Asian markets were a mixed bag on Monday after U.S. President Donald Trump threatened and then backtracked on increased European trade tariffs over the weekend, while Japanese shares extended a run of recent gains.
India:
The benchmark equity indices closed higher on Friday after a day's respite, amid volatility in domestic markets. Market is expected to open on a positive note and likely to witness positive move during the day.
Global economy
Sales of new U.S. single-family homes surged to more than a three-year high in April as builders lowered prices to attract buyers, but rising mortgage rates and economic uncertainty remained headwinds for the housing market. New home sales soared 10.9% to a seasonally adjusted annual rate of 743,000 units last month, the highest level since February 2022, the Commerce Department’s Census Bureau said. The sales pace for March was revised down to a rate of 670,000 units from the previously reported 724,000 units, while that for February was downgraded to 653,000 units from 674,000 units. Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. The largest increase was the 4.8% gain posted by motor vehicle and parts dealers, the first rise in three months. Analysts suggested one reason was consumers rushing to buy cars before U.S. tariffs took effect in April.
Commodities:
Oil prices gained in early Asian trade on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on the bloc that could hurt the global economy and fuel demand. Gold prices slipped from a two-week high on Monday after U.S. President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50% tariff from June 1.
Currency:
The euro and U.S. dollar rose against the safe-haven yen and Swiss franc on Monday after President Donald Trump set a July 9 deadline for a trade deal with the European Union
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
Tag News
Market is expected to open on a flattish note and likely to witness range bound move during ...
