Indian markets are expected to open on a positive note today, as early signals from Gift Nifty indicate a green start. In the previous session on March 21, the NSE Nifty 50 climbed 0.69% to close at 23,350, while the BSE Sensex rose 0.73% to settle at 76,905.51.
Key global and domestic cues to know on March 24, 2025 Asia Markets
Asian markets started the week on a cautious note, with most indices trading lower as April 2 tariff deadline set by US President Donald Trump approaching closer. Australia’s S&P/ASX 200 saw a decline of 0.37%, while South Korea’s Kospi and Kosdaq slipped 0.36% and 0.05%, respectively. Meanwhile, Japan bucked the trend, with the Nikkei 225 inching up by 0.28% and the broader Topix index adding 0.13% in early trade.
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US stock markets ended higher on Friday after a volatile session, as investors reacted to President Donald Trump’s comments on tariffs. While he stuck to the April 2 deadline for reciprocal tariffs, he hinted at some flexibility, helping stocks recover from early losses. The S&P 500 edged up 0.08% to 5,667.56, snapping a four-week losing streak caused by trade worries and recession fears. The Nasdaq Composite gained 0.52% to close at 17,784.05, while the Dow Jones Industrial Average added 32.03 points, settling at 41,985.35.
US GDP Growth data on March 27
The US will release its GDP growth rate for Q4 on March 27. This report will show how the economy performed in the last quarter, especially after recent policy moves by the US Federal Reserve. In addition to this, investors will also watch for any new announcements on trade tariffs.
Ukraine ceasefire talks
A high-level US delegation is set to meet Russian officials on Monday to discuss a possible ceasefire in the Black Sea and broader steps to end the ongoing war in Ukraine. According to a Reuters report, these talks come just after US diplomats engaged with Ukrainian representatives on Sunday.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was at 104.03 on Monday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies.
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