The proposed trade deal with the US is going to be the deciding factor
There are quite a few factors that make the future global economic scenario uncertain for now
MSCI’s regional gauge of shares was down 0.3%, as markets in Japan and Australia opened lower
His comments came just before new jobs data revealed the U.S. added 139,000 jobs in May—outpacing forecasts
Trump’s steep tariff hikes reshape global trade, with India finding both challenges and unexpected opportunities
Markets to remain volatile, but Indian investors have the opportunity to pick up growth stocks at reasonable valuations
Overriding concern over tariffs though key rate determinants appear to be in control
As global trade dynamics are hazy and private capex is fragile, investors should eye bottom-up opportunities in capex recovery and policy supported sectors
Chair of the Federal Reserve Jerome Powell stated that policymakers will probably wait until after March to lower interest rates in an effort to make the central bank's justifications more understandable to the general public.
While the case for soft landing gets stronger, Fed is in no hurry to cut rates
The emerging Suez trade channel crisis might rekindle inflation fears. Advanced economies are already facing a sharp deceleration in growth indicators
Domestic interest sensitive sectors can have positive rub-off
It is prudent for investors to bet on the resilient domestic earnings story
For the Indian market, the risk-reward in terms of investment style is tilted in favour of large caps
Spot gold was nearly unchanged at $1,917.17 per ounce by 1149 GMT, having risen about 1.5% so far this week. U.S. gold futures shed 0.1% to $1,945.20.
The US Fed has hiked its policy rate by 25 basis points but there is a good chance that if inflation remains subdued, it will pause again
Indian equity markets have seen consolidation and range-bound trade on Tuesday after correction in the past two sessions, and closed on a flat note, while the volatility hit an all-time closing low. The market participants seem to be cautious ahead of the interest rate decision by the US Federal Reserve on Wednesday. The Fed is widely expected to raise its benchmark funds rate by 25 basis points (bps) to a target range of 5.25%-5.5%, its highest level since January 2001. Catch Moneycontrol's Nickey Mirchandani in conversation with Raja Venkatraman Co-founder Neotrader and Pankaj Pandey, Head Retail Research ICICI DIRECT.
The Nasdaq advanced, powered by megacap momentum stocks, while the S&P 500 was essentially unchanged and healthcare stocks pulled the Dow into negative territory.
Spot gold dropped 0.2% to $1,918.19 per ounce by 10:37 a.m. EDT (1437 GMT), while U.S. gold futures fell 0.3% to $1,927.70.
The Swiss National Bank (SNB) and Norges Bank also hiked their benchmark rates, underscoring worries about global inflation.
Spot gold was down 0.3% at $1,929.51 per ounce by 11:10 a.m. ET (1510 GMT) after dropping as much as 0.9% earlier. U.S. gold futures fell 0.4% to $1,940.60.
The Fed had left interest rates unchanged at its June meeting but signalled in new projections that borrowing costs may still need to rise by as much as half of a percentage point by the end of this year.
Oil prices also rose on Powell's hawkish message in testimony prepared for delivery to the House Financial Services Committee.
The MSCI's broad gauge of world stocks softened by 0.3%, with Wall Street markets closed for the Juneteenth holiday.
The possibility of further rate hikes by the Fed and the progress of monsoon can add volatility to the stock market