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Market Review

US:

US markets were shut yesterday on account on New Year holiday.

Asia:

South Korea’s Kospi hit a new record Friday as Asia-Pacific markets kicked off the new-year trading mixed. Hong Kong’s Hang Seng index climbed 1.48%, with educational services stocks leading gains

India:

The Nifty 50 managed a slim gain of 0.06% to close at 26,146, sustaining its momentum above the 26,000 mark. While the Sensex ended marginally lower by 32 points to close at 85,188.Market is is expected to open on a positive note and likely to witness positive move during the day.

Global economy:

The U.S. stock market is closing the books on a third straight year of double-digit percentage gains. A fourth stellar year in 2026 may be a tall order, requiring strong earnings, a dovish Federal Reserve and strong artificial intelligence spending. The gains were achieved during a rollercoaster year which saw shares dive after the Trump administration unveiled bigger-than-expected tariffs in April. The benchmark S&P 500 climbed more than 16% in 2025, after rising 23% in 2024 and 24% in 2023.

Starlink will begin a reconfiguration of its satellite constellation by lowering all of its satellites orbiting at around 550 km (342 miles) to 480 km over the course of 2026, Michael Nicolls, SpaceX’s vice president of Starlink engineering .The company is looking to increase space safety by lowering the satellites’ orbit.This comes after Starlink said in December that one of its satellites experienced an anomaly in space, creating a "small" amount of debris and cutting off communications with the spacecraft at 418 km in altitude.

Commodities:

Oil prices saw a slight uptick on the first trading day of 2026, following a significant annual loss in 2025. Ukrainian drone attacks on Russian energy facilities and U.S. sanctions impacting Venezuelan exports are contributing factors.

Gold's rally was fueled by Fed rate cut expectations, geopolitical tensions, and strong central bank demand, while silver, platinum, and palladium also saw significant annual increases driven by industrial demand and supply constraints.

Currency:

The dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve chief opts for deeper interest-rate cuts as anticipated.

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