look news india
Mumbai: Indian stock markets are closed today on the occasion of Ramzan Eid. While on the one hand, amid geopolitical tension on the global front, news is coming that Iran can attack Israel with a missile at any time and the international price of crude oil reached the level of 90 dollars yesterday, on the other hand, the inflation rate is also on the rise. There has been an increase. Interest rates in the United States increased instead of decreasing and now the European Central Bank (ECB) also kept the interest rates unchanged, showing concerns over inflation in the global markets. The price of the euro currency fell to 1.0732 against the US dollar.
As inflation rate increased in America yesterday, the U.S. Dow Jones fell 422 points and Nasdaq 136 points in the US stock markets due to the news that the Federal Reserve will keep the interest rates unchanged in the near term and will not cut interest rates even in June and may cut interest rates before November. Is. US presidential election. This evening, Dow Jones futures were down 187 points and Nasdaq futures were down 71 points.
On the other hand, the European Central Bank has expressed the possibility of maintaining the interest rate this time and making the first cut in June. Meanwhile, the Treasury 10-year yield remained above 4.5 percent. In the markets of European countries, in the evening a fall of 25 points was seen in the FTSE 100 index of London Stock Exchange, 112 points in Germany's DAX and 25 points in France's CAKE 40 index.
In the markets of Asia-Pacific countries, Japan's Nikkei 225 index fell 139 points to 39442.63, Hong Kong's Hang Seng rose 44.14 points to 17095.03. On the other hand, Goldman Sachs and Morgan Stanley have increased the growth forecast for China for the year 2024. But it did not have any significant impact on the market.
Domestically renowned banker Uday Kotak also said the expectation of crude oil prices rising to $90 and interest rates remaining high due to inflation risks could create a volatile situation in global markets. In the evening, GIFT Nifty futures were seen at the level of 22625, showing an improvement of 70 points. This evening international crude oil prices were near $90.27 per Brent crude and $85.87 per New York-Nymex crude.