The markets closed with a decline on Friday. Nvidia, Tesla put pressure on Nasdaq. Gift Nifty is performing weakly by more than 160 points. Dow futures have also fallen by more than 150 points. On Friday also there was a decline of about half percent in America.
Trump imposed tariffs
25% tariff has been imposed on goods imported from Colombia. There are plans to increase the tariff to 50%. Oil, gold, coffee, flowers are imported. There is a travel ban on all government officials in Colombia. An order was also given to immediately cancel the visa. Tariffs increase after Colombia refuses to take deported migrants.
Colombia’s answer to US
Will increase 25% tariff on all things imported from the US. The migrants are angry at being sent away in shackles and handcuffs. Offered to bring back migrants by presidential planes. Prepared Colombia for talks with America on every issue.
Results will come this week
AT&T, SoFi Tech’s quarterly results will come today. Quarterly results of Boeing, Lockheed Martin will come tomorrow. Quarterly results of Starbucks and General Motors will come on Tuesday. Royal Caribbean Cruises will also present quarterly results tomorrow. Microsoft and Meta will present quarterly results on Wednesday. Tesla, ASML, T-Mobile, IBM will also present results. Apple, Visa, MasterCard will present results on Thursday. Results of Shell, Comcast, Blackstone, UPS will also come. Exxon and Chevron will report quarterly earnings on Friday. Novartis, AbbVie, Colgate-Palmolive will also present results.
Important US statistics
Today the figures of sales of new houses will come. Consumer confidence figures will come tomorrow. The Fed will take a decision on interest rates on Wednesday. Retail inventory figures will also come on Wednesday. There are figures of GDP, Initial Jobless Claims on Thursday. Inflation rate figures will come on Friday. Fed Governor Michelle Bowman will deliver a speech on Friday.
Dollar and bond yields
The value of dollar index has slipped below 108. The dollar index has fallen the most in a week since November 2023. America’s 10-year yield remains at 4.62%.
elections in europe
Alexander Lukashenko’s hopes of winning in Belarus have increased. Alexander Lukashenko has been in power since 1994. Most opposition leaders in Belarus are either in jail or in exile. Elon Musk supported AfD party in Germany. The AfD party is at second position in the opinion poll.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. GIFT NIFTY is showing a fall of 161.50 points. At the same time, Nikkei is seen around 39,814.48 with a decline of about 0.30 percent. At the same time, Strait Times is showing a weakness of 0.15 percent. Taiwan’s market is trading at 17,684.59, up 0.28 percent. Whereas Hang Seng is seen with a gain of 0.90 percent at the level of 20,247.45. At the same time, flat trading is taking place in Kospi. At the same time, Shanghai Composite is showing a rise of 0.30 percent at the level of 3,262.36.