look news india
Global Market: There are signs of a sluggish start of the market today. Flat trading is being seen in Nifty. Mixed trading is being seen in Asia. Meanwhile, in America, Nasdaq and S&P 500 closed below record highs but Dow Jones closed 300 points higher. There was volatility in the US markets yesterday. Dow closed 300 points higher. Nasdaq, S&P500 closed in the red. Profit booking in tech stocks put pressure on Nasdaq.
Interest rates remained unchanged in the UK. BoE left rates unchanged. Interest rates in the UK are unchanged at 5.25%. Interest rates remained at a 16-year high. 50% of people in the market expect a rate cut in August. Rates fell in Switzerland. The Swiss National Bank cut rates by 0.25%. Rates in Switzerland fell to 1.25%.
The shine of gold and silver increased
Prices rose in the international market. Gold reached a 2-week high. Gold crossed $2360 on COMEX. Silver crossed $30 on COMEX. Jobless claims increased in the US. The market expects US rates to fall this year. The Swiss National Bank cut interest rates by 0.25%.
Asian Markets
Today, mixed trading is being seen in the Asian market. GIFT Nifty is trading with a marginal gain of 5.00 points. At the same time, Nikkei is seen falling 0.02 percent to around 38,626.95. At the same time, Straits Times is seeing a gain of 0.28 percent. Taiwanese markets are trading 0.43 percent down at 23,304.86. While Hang Seng is seen at 18,042.60 with a decline of 1.60 percent. At the same time, Kospi is trading 0.88 percent down at 2,782.88. At the same time, Shanghai Composite is trading 12.43 points or 0.41 percent down at 2,782.88.