Gift Nifty is pointing to a higher start for our stock markets.
Investor optimism is fueled by expectations of:
1) The U.S. is reportedly set to slash tariffs on Indian imports to just 15–16%.
2) President Donald Trump and Xi Jinping set to meet next week to address tariff disputes and prevent further escalation.
3) Markets are pricing in two additional Fed rate cuts by year-end.
Investors turn to Friday’s US CPI report for fresh guidance on monetary policy.
Bottom-line: A positive start on cards as bulls may aim to ring Nifty’s 8th straight day of gains.
7:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (+88, 26048)
Dow Futures: (+25, 46760)
Nasdaq 100 Futures (+63, 25161)
Nikkei (+573, 49215)
Hang Seng (+209, 26177)
Dow Jones (+144, 46735)
Nasdaq Composite (+201, 22941)
Bovespa (+848, 145721).
WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:
Wall Street stabilizes and trades with positive bias in overnight trade as the blue-chip Dow Jones Industrial Average was up 0.3% at 46,734, the broader S&P 500 was 0.6% higher at 6,738, and the tech-heavy Nasdaq Composite had gained 0.9% to 22,941.
Gold prices ($4,125 per ounce) traded higher as investors weighed trade developments and geopolitical tensions that lifted the metal’s safe-haven appeal
Please note, gold remains up 60% year-to-date, supported by expectations of further Federal Reserve easing and ongoing geopolitical uncertainties
WTI crude oil futures have jumped towards $61.50 per barrel, reaching a two-week high, following the US announcement of sanctions on key Russian oil companies. The US has banned state-owned giants Rosneft PJSC and Lukoil PJSC, in a move aimed at increasing pressure on the Kremlin over Moscow’s lack of commitment to peace in Ukraine.
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