Market News
2 min read | Updated on February 18, 2025, 08:12 IST
SUMMARY
On Monday, the US President officially announced the imposition of reciprocal tariffs on all nations. The global markets digested this announcement and focused on domestic economic indicators. The GIFT NIFTY traded flat with 12 points of losses on Tuesday morning.
GIFT NIFTY futures indicate a cautious start for markets on Tuesday. image source: Shutterstock.
The GIFT NIFTY futures traded flat on Tuesday morning, with 12-point losses at 7:30 a.m., indicating a cautious start for the markets. The markets snapped an 8-day consecutive correction as NIFTY50 and SENSEX closed in green with little gain. In addition, President Trump announced to levy reciprocal tariffs on all the nations on Monday overnight.
Global market cues remained mixed, with a positive bias, as Asian markets traded in the green on Tuesday morning.
The US markets were closed on Monday due to President’s Day. However, the US futures market indicated a positive start to the day on Tuesday. Market participants look for cues for the coming week from FOMC minutes, which could set expectations for the economy's rate change cycle. On Monday, Fed governor Christopher Waller suggested on holding the rate cuts cycle, unless the economic indicators suggest otherwise.
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