look news india
Yesterday American markets closed with a rise. The rise was due to the fall in inflation rate in America. People in the market are expecting a reduction in interest rates. The S&P 500 closed above 5300. The MSCI Global Index rose 1 percent to 793.77. FOMC minutes will be released on May 22. The dollar index reached a one-month low.
Increase the shine of gold-
Prices have reached near 1-month highs. June futures on Comex have crossed $2400. Even in America the spot price is around $2400. Support has come from declining inflation in America. Inflation rate in America was 3.4 percent in April. 72 percent people in the market expect rate cut in September.
Asian markets are bullish.
Nikkei and Shanghai showed positive performance, with Nikkei up half a percent. So the Taiwan Index is up more than 1 percent, and the Straits Times is up more than half a percent.
A gain of 90 points has been seen in Nifty. Yesterday Nifty closed exactly at the level of 22,200.