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Market Review

US:

The US markets closed in green at record high levels after witnessing heavy selling pressure in the initial hours. The S&P 500 index made a record high by gaining 0.2% amid the probe into the Federal Reserve by the Department of Justice.

Asia:

Asian stock markets climbed, led by a surge in Japan’s Nikkei, as investor optimism over AI and expectations of fiscal stimulus in Tokyo outweighed lingering concerns about the Federal Reserve’s independence.

India:

Indian equities broke their five-day losing streak to end near day's high as India-US trade deal hopes, and earnings season ignited a sharp rebound. Nifty had fallen below the 25,000 levels but closed near 25,800. Market is expected to open on a positive note and likely to witness positive move during the day.

Global economy:

President Trump announced a 25% tariff on countries conducting business with Iran, while simultaneously considering military action against the Iranian regime. Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America.

Federal Reserve Bank of New York President John Williams said, he expects a healthy economy in 2026 and indicated he sees no near-term reason to cut interest rates. The interest-rate-setting Federal Open Market Committee has moved the modestly restrictive stance of monetary policy closer to neutral, Williams said in a speech delivered before a gathering held by the Council on Foreign Relations in New York

Japan’s plan to give authorities the power to order foreign investors to retroactively divest acquisitions is aimed at sheltering major firms and supply chains, though it is unlikely to curtail increased M&A interest, experts say. Japan on Wednesday proposed amendments to its foreign investment screening law that would grant authorities an option to force foreigners to sell investments deemed to pose risks to national or economic security.

Commodities:

Oil prices edged higher on Tuesday, as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela.

Gold eased on Tuesday, a day after breaching $4,600/ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty.

Currency:

The dollar held to its losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell, a move that threatens the central bank's independence and faith in U.S. assets.

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