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Market Review

US:

Wall Street ended higher on Monday, with surging financial shares helping lift the Dow Jones Industrial Average to an alltime peak, while energy firms jumped after a U.S. military strike captured Venezuelan President Nicolas Maduro.

Asia:

Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average, opens new tab hit an all-time peak.

India:

Indian markets closed lower as IT stocks and tariff concerns offset positive earnings cues. Nifty held key breakout levels despite profit-taking, while global markets stayed mixed amid geopolitical tensions, rising oil prices and cautious investor sentiment ahead of key data. Market is expected to open on a positive note and likely to witness positive move during the day

Global economy:

In December, U.S. manufacturing activity contracted for the 10th consecutive month, with the ISM Manufacturing PMI falling to 47.9, signaling continued weakness in the sector as any figure below 50 indicates contraction. The survey showed new orders and employment remained in contraction, input costs stayed elevated, and many firms described conditions as “depressed,” with tariff-related pressures cited as a key drag on demand and confidence heading into 2026.

Switzerland’s government has frozen any assets held in the country by Venezuelan President Nicolás Maduro and people close to him, a move announced by the Swiss Federal Council following his arrest by U.S. forces; the freeze takes effect immediately as a precaution to prevent potentially illicit funds from being moved and will remain in place for years, though it does not affect other members of Venezuela’s government, and Swiss officials said they may seek to return any illicitly obtained assets to benefit the Venezuelan people.

Commodities:

Oil prices dipped Tuesday. Traders are considering increased Venezuelan crude output. This follows the U.S. capture of President Nicolas Maduro. Expectations point to ample global supply this year. Demand remains weak.

Gold prices saw a slight dip on Tuesday, retreating from recent highs as the dollar strengthened. Other precious metals also experienced minor pullbacks. Investors are closely watching upcoming U.S. economic data, particularly non-farm payrolls, for further clues on potential Federal Reserve interest rate cuts.

Currency: 

The U.S. dollar held firm near a two-week peak. Geopolitical concerns in Venezuela lessened, boosting investor confidence. Dovish remarks from Federal Reserve officials also encouraged Wall Street to take on more risk.

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