Flat trading in GIFT Nifty, Nasdaq crosses historical level of 20,000, crude rises by 2%

There is turmoil in the global markets today. gift nifty Flat trading is being seen. Whereas in American markets tech stocks at a rapid pace Nasdaq for the first time beyond 20,000 Has touched the historical level of. On the other end, crude oil at prices of 2% increase Has been seen.

condition of American markets

Historic rise in Nasdaq

• Nasdaq Index: first time beyond 20,000 Closed.
• S&P 500: It closed rapidly.
• Dow Jones: Light pressure, slight decline was recorded.

Why are tech stocks rising?

• November inflation rate: according to estimate 2.7% But remained.
• Core CPI: remained at the estimate of 3.3%.
• Interest rates expected:
  • 99% chance that US Federal Reserve interest rate on 18th december 0.25% Will make a cut of Rs.

Dollar index rises for the third consecutive day

• Dollar Index: Tomorrow 106.60 Reached the level of.
• US 10 year bond yield: Remains at 4.27%.

Yuan may weaken in 2025

• Chinese government against the dollar yuan Is considering weakening.
• falling value of yuan 7.5 Can go up to the level of.
• currently yuan 0.5% after falling 7.2921 Has reached.

Due to rise in crude

• Russian oil embargo:
  • Biden government on Russian oil strict restrictions Can apply.
• OPEC estimates:
  • OPEC reduced consumption estimates for 2024 2.10 lakh barrels per day (BPD) Is done.
• IEA report:
  • in the market 1 lakh BPD There has been additional supply.
• If OPEC+ does not increase production in 2025, supply may remain high.

What things will you keep an eye on today?

1. America:
   • PPI (Producer Price Index) And Initial Jobless Claims Figures of.
2. Europe:
   • ECB (European Central Bank) Will decide on interest rates.
3. Britain:
   • October GDP Figures will be released.

Mixed trend in Asian markets

Mixed business is being seen in Asian markets today.