Markets is expected to open on a positive note and likely to witness positive move during the day - Nirmal Bang Ltd
Market Review
US:
Markets ended slightly higher on Monday, extending its gains for a second session, as markets reacted to renewed trade negotiations between the United States and China.
Asia:
Markets opened higher, buoyed by optimism surrounding the US-China trade talks as officials struck a positive tone following the first day of negotiations in London.
India:
Markets closed higher for the fourth straight session on Monday on the back of positive global cues, including robust US jobs data. Markets is expected to open on a positive note and likely to witness positive move during the day.
Global Economy
U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump’s 145% tariffs took hold, supply chain technology provider Descartes said on Monday.
Argentina’s central bank rolled out a broad package of economic measures on Monday to boost reserves, including a repurchase agreement, or repo, of up to $2 billion.The move comes ahead of an expected review with the International Monetary Fund of the country’s recently signed $20 billion loan agreement.
Mexico’s annual inflation rate accelerated in May and exceeded the upper-end of the central bank’s target range, official data showed on Monday, creating an uncertain landscape for borrowing costs in Latin America’s second-largest economy.Consumer prices in Mexico rose 4.42% in the year through May, according to national statistics agency INEGI, above the 4.38% expected by economists in a Reuters poll and up from 3.93% the previous month.
Commodities:
Oil prices edged up on Tuesday as market participants waited for the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.
Gold prices remained steady on Tuesday as investors monitored ongoing U.S.-China trade discussions in London aimed at easing a trade dispute between the world's two top economies.
Currency:
The U.S. dollar was steady on Tuesday in tight trading as Washington and Beijing remained locked in trade talks that left investors on edge
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