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Below the Quote on Today`s Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities

Oil prices edged lower on Friday, surrendering earlier gains. The market initially saw a slight uptick, buoyed by reassurances from OPEC+ leaders Saudi Arabia and Russia about their readiness to adjust output agreements. Yesterday, the European Central Bank reduced its interest rates by 25 basis points for the first time since 2019. At the RBI MPC meeting earlier today, the benchmark interest rate was left unchanged, as expected, with a continued focus on inflation. U.S. jobless claims data came in at 229,000, slightly above the expected 220,000. Later today, investors will focus on the U.S. Non-Farm Payrolls and Unemployment Rate data for further insights into Federal Reserve actions.

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