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The Dow Jones Industrial Average logged a record close on Monday, as U.S. Treasury bonds saw their biggest rally in nearly four months after President-elect Donald Trump selected Scott Bessent as his nominee for Treasury secretary.
U.S. President-elect Donald Trump said on Monday that on his first day in office he will impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. The announcement sparked a dollar rally. It rose 1% against the Canadian dollar and 2% against the Mexican peso, while share markets in Asia fell, as did European equity futures ratcheting up concerns about his America First policies.
Crude oil prices on Monday settled sharply lower on the back of speculation over a cease-fire in Lebanon, combined with what appears to be restraint on the part of Iran.
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Asian shares were mostly lower on Tuesday on the back of Trump’s threat to impose tariffs on China, which could have an impact on other Asian economies.
Nifty rose again on Nov 25 adding nearly 4% in two consecutive sessions of gains to regain its losses on a month-on-month basis. At close, Nifty was up 1.32% or 314.7 points at 24221
In the near term 24500 could still pose some resistance for the Nifty while 23900 could offer support.
Indian markets could open flat to mildly lower, in line with mostly lower Asian markets today and despite positive US markets on Nov 25
US Stocks Hit Record High on Israel Cease-Fire Deal
US equity markets surged to all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks
abating after Israel and Hezbollah reached a cease-fire agreement.
Wall Street posted its seventh straight winning session...
Published 11/27/24
short-term trend of Nifty seems to have reversed upwards
U.S. stocks finished Friday higher, with all three major benchmarks rebounding ahead of the Thanksgiving holiday. Investors took comfort from data pointing to robust economic activity in the world's biggest economy.
Crude oil futures...
Published 11/25/24