look news india
global market: Today, there is a pressure of profit booking in the global markets. Asian markets witnessed a decline of 1 to 1.5 percent. Nifty is trading down by about 60 points. On the other hand, good economic data in the US may weaken the hopes of a reduction in interest rates soon. Yesterday the Dow fell by more than 600 points.
US markets closed with a decline for the second consecutive day
The US markets closed with a decline for the second consecutive day yesterday. Dow Jones has fallen more than 2 percent in 2 days. After the results, NVIDIA shares rose by 9 percent yesterday. America's Golden Dragon Index fell by 3.7 percent yesterday. The market expects that the rate will remain high for a long time. The market expects a 0.25 percent cut in rates in December. The market had earlier expected a 0.40 percent cut.
There is heavy profit booking in the global markets. Due to this, the US market also witnessed a decline of more than 1 percent yesterday. Yesterday, the Dow Jones closed down by 606 points, the S&P 500 index closed down by 39 points and the Nasdaq closed down by 66 points. Nvidia's 9 percent gain after good results could not stop the sell-off in the market. The Golden Dragon index of Chinese stocks listed in the US fell by 3.7 percent.
Quarterly results in the US have been weak so far. Along with this, strong economic data has raised concerns about long-term monetary policy. US 10Y bond yield increased from 4.434 percent to 4.478. Brent oil is at $ 81.32 and gold is at $ 2330.
Slow trading in Asian markets
Sluggish trading is being seen in Asian markets today. Nifty is seen in the red mark. Nikkei is also trading down by 1.17 percent. Straits Times is showing a weakness of 0.52 percent. Meanwhile, Taiwanese markets are trading down by 0.30 percent. While Hang Seng is trading with a decline of 1.13 percent. Meanwhile, Kospi is showing a weakness of 1.01 percent. Meanwhile, Shanghai Composite is trading with a decline of 0.09 percent.