Transcription
The morning rally's continuation is present in the US markets. What were the factors? A absolutely fantastic rally is being seen. At least in Dow Jones, we are seeing good trading. If we look at the initial cues, Gift Nifty is trading here with slight weakness, and US futures have mixed trading. Dow futures are trading in the light green. The other two indices we are seeing are in the red, and if we look at Brent crude once, it is also trading below 84 at this moment. There is a slight increase, but still, around 84-83, trading is being seen in a range in crude oil. And if we look at the signals for tomorrow as well, there was strength in the American markets for the third day. If we look at the US markets, Dow Jones has again seen a new record closing here. S&P 500 also closed up by approximately 1.5%, and we also saw a gain of about 3% in Nasdaq. So, there was good momentum there as well, and the Fed's two-day meeting starting from June 13th will be an important event where the focus will be. This will be the first policy chaired by the new Fed Chair, Kevin Wash, and the market expects interest rates to remain stable for now without any changes. So, this will be a very important event to watch in the coming days to see what decision comes out from there. However, the possibility of an increase in interest rates has now significantly reduced. It is possible that this time the status quo will be maintained, and if we look at all other indications, the Dollar Index closed below 100 for the fifth consecutive day. 10-year US bonds are also flat around 4.4%. We have already told you about crude oil; gold and silver are showing continuous strong performance. Silver has a gain of about $2 there, and gold is also seeing strength with a rise. But if we talk about metals, there is mixed trading here. All metals except aluminum have closed in the green. Aluminum is showing some pressure this time. So, this is the complete action in the commodity market. If we look at some other signals, US President Trump announced during the G7 summit in France that a Memorandum of Understanding to end the war with Iran has been fully signed, and there are also some updates coming from JD Vance regarding a ceasefire with Iran. So, these are some big updates coming. The confirmation of the news is now visible, and soon we will see June 19th as a very important day when an official agreement between the two countries will be seen. So, our eyes will remain on this, and in the meantime, if we look, the signals from the US market are appearing good. Absolutely, Pooja, thank you so much for the complete details.