2025-03-07 10:51:39 am | Source: Geojit Financial Services Ltd
Morning Market Quote : Markets feel that Trump is keen to negotiate deals rather than stick to high tariffs for the long term Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Trump dilly dallying on tariffs with the latest decision to postpone imposition of tariffs on Canada and Mexico to April 2nd is being viewed by markets seriously. Markets feel that Trump is keen to negotiate deals rather than stick to high tariffs for the long term. This is acknowledgement of the fact that high tariffs for long term will impact the US economy, too. The sell-off in the US stock markets also is an indication that Trump’s policies might impact growth and earnings in the US.
Meanwhile China and Germany are implementing reforms to stimulate their domestic economies from Trump’s policies.
This change in the global construct can impact stock markets. The dollar index is steadily softening; this is good news for India. Importantly India’s growth is recovering and stock market valuations are fair now. Despite FII selling exceeding DII buying, the market is moving up indicating increasing retail, HNI and UHNI buying. This trend can continue."
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