The market is expected to open on a flattish note and likely to witness range bound move during the day - Nirmal Bang Ltd
Market Review
US:
Yesterday, US indices closed at all-time highs as Chinese and US trade negotiators lined up an array of diplomatic wins for Donald Trump and Xi Jinping to unveil at a summit this week.
Asia:
Asian shares consolidated recent hefty gains on Tuesday as hopes for an easing in global trade tensions kept risk appetites keen, while the bull run in tech stocks counted on a bumper round of big-cap earnings this week.
India:
Indian equities traded higher on Monday, rebounding after Friday’s pause in a six-session winning streak, as softerthan-expected U.S. inflation data fueled expectations of two additional rate cuts in 2025. The market is expected to open on a flattish note and likely to witness range bound move during the day.
Global economy:
Hopes for a game-changing U.S.-China deal is running hot again after weekend headlines, but Macquarie warns that highstakes talks will help delay escalation rather than the strategic disputes between Washington and Beijing, leaving any real trade deal out of reach.
The Southeast Asian bloc ASEAN and China signed an upgrade to their free trade agreement, which is expected to include sections on digital, green economy and other new industries. The 11-member Association of Southeast Asian Nations is China’s largest trading partner, with bilateral trade totaling $771 Bn last year.
Investors are heading into this week’s trade talks between the U.S. and Chinese leaders with a sense of deja vu, excited by the proclamations of a truce and apprehensive the real deal may offer far less to celebrate. Stock markets across the world jumped on Monday after U.S. officials said negotiators from both sides had hashed out a framework for agreements for lower U.S. tariffs on Chinese imports and Chinese concessions on rare earth export curbs.
Commodities:
Oil prices slipped on Tuesday, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output offset optimism over a potential U.S.-China trade deal.
Gold prices regained some lost ground on Tuesday, rising above the $4,000-per-ounce level as a weaker dollar and expectations of further Federal Reserve rate cuts outweighed pressure from signs of a thaw in U.S.-China trade tensions.
Currency:
The dollar was weaker on Tuesday ahead of a slate of central bank meetings that will likely see a rate cut in the U.S. and as investors kept a wary eye on President Donald Trump's Asia tour, hoping for a trade deal with China.
Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176
