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Market Review

US: U.S. indices ended on a mixed note after hitting new highs ahead of data expected to underscore further disinflation, paving the way for the Federal Reserve to start cutting interest rates this year.

Asia: Asian markets mostly rose as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore.

India: India’s benchmark equity indices ended lower on Monday, weighed by losses in index heavyweights HDFC Bank Ltd., ICICI Bank Ltd., State Bank of India, ITC Ltd., and Reliance Industries Ltd.

Market is expected to open on a positive note and likely to witness range bound move during the day.

Global Economy: New bank loans in China jumped by more than expected to an all-time high in January, as the central bank moved to shore up the sputtering economy, reinforcing expectations for more stimulus in the coming months.Chinese lenders tend to front-load loans at the beginning of the year to get higher-quality customers and win market share. Banks extended 4.92 trillion yuan ($683.7 billion) in new yuan loans in January, hitting a record high, up sharply from December.

German commercial property prices fell 12.1% in the final three months of 2023 compared with a year earlier in their biggestever drop, as the nation's struggling property industry suffers its worst crisis in decades.For the full year, commercial real estate prices dropped 10.2%, accelerating their decline after small drops of less than 1% in 2022 and 2021 The situation will remain difficult for the time being in 2024.

Commodities: Gold prices were stuck in a tight range on Tuesday as investors refrained from making big bets ahead of a U.S. inflation report that could give fresh perspective on how soon, and by how much, the Federal Reserve could cut interest rates this year.

Oil prices were little changed on Tuesday for a second straight day as uncertainty about the pace of potential U.S. interest rate cuts and the impact on fuel demand offset worries about Middle East tensions that could disrupt supply.

Currency: The dollar held steady on Tuesday ahead of a key U.S. inflation report that could help shape the Federal Reserve's rates outlook and determine the timing of interest rate cuts

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