look news india
Global Market: Weak signs are seen for Indian markets. FII has sold cash of more than 5000 crores. Net short contracts are seen crossing one lakh. Gift Nifty and Asia are trading under pressure. The Dow Futures is 200 points below. US markets declined on Friday.
European Union, tariff on Mexico
Donald Trump announced a tariff on the European Union and Mexico. Announced to impose 30% tariff from 1 August. 30% tariff will not be imposed on USMCA products. Trump sent tariff letters to the European Union and Mexico.
European Union statement
Will be waiting for change till 1 August. Tariffs on steel and aluminum will be applicable from Tuesday. The new tariff list will have an impact of $ 24.5 billion. If the US agreement fails, the list of 72 billion euros is ready.
Mexico’s statement
The US is expecting 30% of tariffs to avoid. Negotiations with America will continue from Friday. Trump says Mexico has not yet shut down drug cartel.
Where will your eyes be today?
American CPI and Core CPI figures will be released tomorrow. 4 fed officers will speak on Tuesday. 2 fed officers will speak on Wednesday. 4 fed officers will speak on Thursday. Statistics of initial unemployment claims will be released on Thursday. States of retail sales and import price index will be released on Thursday. Consumer spirit figures will be released on Friday.
Dutch bank in market
Powell’s departure will affect the market. Dollars and treasury can be sold. The possibility of resigning before his term ends is less likely. The possibility of his resignation is less than 20%.
Asian market
Today, mixed business is being seen in the Asian market. The gift Nifty is trading with a gain of 2.50 points. Whereas, Nikkei falls 0.25 per cent to around 39,469.72. Whereas, Straits Times is seeing a 0.27 percent increase. The Taiwan market is trading at 22,580.85 with a gain of 0.75 per cent. While Hang Seng is seen declining 0.04 per cent at the level of 24,129.40. Whereas, Kospi is trading at 3,181.58 with a gain of 0.18 per cent. Whereas, Shanghai Composite is trading at a level of 17.20 points, or 0.49 per cent, at 3,527.38.