Gift Nifty saw a slight increase. Asian markets increased. There was a bright in America too. Dow Jones did outperform. Nasdaq took off the rapid climb of tech shares. Alphabet was the biggest decline in a year.
Quarterly results of companies
Ford is expected to decline in EBIT. There is a possibility of falling from 32% of last year to 16%. There is a possibility of increasing costs, prices pressure in prices. Ford said that 25% tariff on Canada, Mexico is bad for business. There is a possibility of a huge decline in profits from tariffs. Tariffs can come up to the trimming. Qualcomm’s stock dropped 5% from the height of the day yesterday.
In Qualcomm 2025, the smartphone market is expected to boom. ARM shares have dropped 7% due to weak guidance.
Did James Steven Chanos say?
The risk for US markets has increased. Markets of froth signs but not at 2021 levels. It is not enough to impose 10% tariff on China. There is also a need to impose more tariffs on Europe. Please tell that Jim Chanos is the founder of Kinikos Associates.
Dollar pressure increased
The dollar index reached a week of low levels. Meanwhile, after December, 10 years of yield reached the lowest levels.
Where will you look today?
The Bank of England interest rates will take a decision today. The market is expected to decrease at 0.25% rates in UK. Today data will be received by the US’s Initial Jobless Claim. The quarterly results of Amazon Linde, Philip Morris will come today. The Bristol-Myers Squib will also present the quarterly results today.
Asian market
Meanwhile, business is being seen with an increase in Asian markets today. The gift is showing a gain of 51.50 points. At the same time, Nikkei is seen around 0.17 percent to around 38,894.51. At the same time, the Straight Times is showing a growth of 0.41 percent. The Taiwan market is trading at a level of 23,278.64, climbing 0.51 per cent. While Hangseng is seen at a level of 20,680.73 with a gain of 0.41 percent. At the same time, Kospi is seeing an increase of 0.73 percent. At the same time, Shanghai Composite is seen at 3,257.95 with a gain of 0.76 percent.