Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Quote On Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Oil prices dipped on Monday after a four-week rise, influenced by potential ceasefire talks in Gaza and the approach of Tropical Storm Beryl to Texas. If the ceasefire in Gaza, mediated by Qatar and Egypt, materializes, it could reduce geopolitical risks and put downward pressure on oil prices. On Friday, the Non-Farm Employment Change report showed an increase of 206K jobs in June, surpassing the expected 191K, which has heightened the likelihood of a Fed rate cut in September. Traders will be closely monitoring Fed Chair Jerome Powell’s testimony on Tuesday.
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