Gift Nifty is trading around 50 points higher. Here in Asia too, work is going on with strength. Yesterday there was a rise in the American markets also. Dow jumped 1.25 percent but heavy selling by FIIs continues. Wall Street’s main indices rose on Tuesday. The S&P 500 and the Dow closed at their highest levels in more than a month. Investors evaluated Donald Trump’s first term as US President and were encouraged by the fact that he has not started his second term with a huge increase in tariffs.
The Dow Jones Industrial Average rose 537.98 points, or 1.24 percent, to 44,025.81, the S&P 500 rose 52.58 points, or 0.88 percent, to 6,049.24 and the Nasdaq Composite added 126.58 points, or 0.64 percent, to 19,756.78. It closed near its highest level since January 6.
US bond yield
In early trading on Wednesday, US 10-year Treasury rose 35 basis points to 4.59 and 2-year Treasury rose 25 basis points to 4.28.
dollar index
The dollar declined slightly during uncertain trading on Wednesday. The dollar index reached one-month low. Because there remains uncertainty in the financial market due to lack of clarity on President Donald Trump’s tariff plans. The price of dollar index fell to the level of 107.98.
Tariff will be imposed on China
Trump’s big statement on China has come out. Trump said consideration of imposing a 10% tariff is ongoing. The tariffs may come into effect from February 1.
Big deals, big announcements
Trump government has made a big announcement for the development of AI infrastructure. There will be agreements with Softbank, OpenAI, Oracle. Under the agreement, there is a plan to invest $100 billion. There are plans to further increase investment to $500 billion. Microsoft, Nvidia may also join the agreement.
keep an eye on tiktok
Elon Musk or Larry Ellison can buy the company. Purchasing TikTok is possible by signing an agreement with the government.
Netflix boom
Netflix’s Q4 results were better than expected. The company’s shares rose 14%. Q4 revenue was $10.25 billion while the market was expecting $10.11 billion. While EPS stood at $4.27. Revenue guidance was raised to $44.5 billion from $43.5 billion. 19 million subscribers added in Q4, crossing 300 million.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. GIFT NIFTY is showing a gain of 37.50 points. At the same time, Nikkei is seen around 39,574.14 with a gain of about 1.38 percent. At the same time, Strait Times is showing a gain of 0.08 percent. Taiwan’s market is trading at 23,596.05, up 1.27 percent. Whereas Hang Seng is seen falling by 1.34 percent at the level of 19,836.39. At the same time, Kospi is trading with an increase of 1.01 percent. At the same time, Shanghai Composite is showing a rise of 0.85 percent at the level of 3,215.37.