Global Market Update

Advisory Bazaar Info Services

US Markets:

US equity markets closed on a flat note.

European Markets:

European equity markets closed higher, gaining between 0.19% and 0.79%.

Asian Markets:

Asian stock markets are trading with a mixed trend.

Indian Markets:

Sensex and Nifty are trading higher by 15 and 5 points respectively.

RBI Update

RBI Governor Sanjay Malhotra will announce the outcome of the December Monetary Policy Committee (MPC) meeting today. The committee had kept the repo rate unchanged in the last two meetings, after a 50-basis-point cut in June.

With strong economic growth and controlled inflation, economists believe there is a close call between another rate cut and maintaining the current policy stance in the December review.

Market Sentiment

Recently, the stock markets witnessed strong gains, pushing indices close to their all-time highs. However, ahead of the upcoming Federal Reserve interest rate decision, investor caution has slowed down the rally for now.

Asian Market Trend

Asian markets are trading mixed, especially after the recent decline on Wall Street, which impacted tech stocks and bond yields. Investors are now awaiting key US inflation data to be released on Friday.

Crude Oil

Oil prices remain steady after two consecutive days of gains. Brent crude is holding above $63 amid expectations of additional supply and potential cease-fire talks in Ukraine.