A slight rise was seen in Gift Nifty. US markets closed mixed yesterday. The Dow Jones closed in the green for the second consecutive day. Big tech stocks continued to weigh on S&P 500, Nasdaq. There was buying in utilities, financial and material stocks. Regional Bank, S&P Bank ETF rose 3% yesterday. Eli Lilly’s shares fell nearly 7% due to weak results. At the same time, crude oil slipped from its high of 5 months. The price of Brent has slipped below $80.
Will inflation decrease in US?
Retail inflation figures will come today. The market fears increase in retail inflation. CPI is expected to be at 0.3% on a monthly basis. On an annual basis, CPI is expected to be at 2.8%. The core retail inflation rate is expected to remain at 3.3%.
decline in dollar
The dollar index fell nearly 1% yesterday. The dollar index has slipped below 110. Meanwhile, the US 30-year bond yield stood at 4.97 while the 10-year bond yield stood at 4.79 percent.
Will there be a ceasefire?
Ceasefire deal between Israel and Hamas is almost certain. There was no fighting in Gaza for 42 days. Israeli hostages, Palestinian prisoners will be released.
Where will your eyes be today?
Today the results of JP Morgan and Goldman Sachs will come. Citigroup, Wells Fargo, BlackRock to present results. Eurozone industrial production figures will also come.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. GIFT NIFTY is showing a gain of 25.00 points. At the same time, Nikkei is seen around 38,628.61 with a gain of about 0.40 percent. At the same time, Strait Times is showing a weakness of 0.30 percent. Taiwan’s market is trading at 22,668.14, down 0.57 percent. Whereas Hang Seng is seen with a gain of 0.23 percent at the level of 19,264.40. At the same time, an increase of 0.19 percent is being seen in Kospi. At the same time, Shanghai Composite is showing a decline of 0.11 percent at the level of 3,237.30.