Market is expected to open on a positive note and likely to witness positive move during the day - Nirmal Bang
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Market Review
US: Overnight in the U.S., all three major indexes posted gains, with the S&P 500 and Nasdaq Composite recording a fifth consecutive day of gains. The tech-heavy Nasdaq led gains, rising 1.13%, while the Dow Jones Industrial Average climbed 0.58% and the S&P 500 added 0.74%.
Asia: Asia-Pacific markets largely rose on Tuesday, with Hong Kong and Taiwan stocks in the lead and mirroring similar moves on Wall Street after a tech-fueled rally
India: India's benchmark stock indices closed lower for the second day in a row on Monday after swinging between gains and losses, led by declines in Bajaj Finance Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd.
Market is expected to open on a positive note and likely to witness positive move during the day.
Global Economy: Ecobank and the African Guarantee Fund (AGF) have announced a renewed partnership with a $200 million risk-sharing agreement, aimed at fostering small and medium-sized enterprise (SME) growth across Sub-Saharan Africa. The deal, unveiled at the Africa Financial Industry Summit (AFIS) in Lomé, Togo, today, is set to unlock close to $1 billion in financing for SMEs, with a particular emphasis on supporting women entrepreneurs
In a significant step towards enhancing financial connectivity in Southeast Asia, the central banks of Malaysia and Singapore have announced the establishment of a real-time payment systems linkage. This new service, named PayNow-DuitNow, allows individuals in both countries to perform instant peer-topeer (P2P) fund transfers. The initiative was launched today at the Singapore FinTech Festival event and marks a continuation of efforts to improve cross-border payments following the establishment of a QR payment system on March 31st
Commodities: Gold prices rose on Tuesday, supported by a weaker U.S. dollar as investors look forward to minutes from Federal Reserve's latest meeting for more guidance on its interest rate outlook.
Oil prices fell slightly in Asian trade on Tuesday after rebounding sharply over the past three sessions, as anticipation of more Federal Reserve cues and speculation over production cuts by major suppliers kept sentiment muted.
Currency: The dollar was on the defensive and trading by multimonth lows on the euro and a handful of other major currencies on Tuesday, as investors expect U.S. interest rates to fall next year and see that as a signal to sell the dollar in anticipation.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH000001766
