Transcription
Good morning, Ma'am. Tell me, apart from the US-Iran war, what are the signals from the global and commodity markets now? Absolutely. Two developments are emerging, linked to America and President Trump. Let me tell you about them first. 101 days have been completed for this war between America, Israel, and Iran. Yesterday. [Sound of clearing throat] After Trump's intervention, the shelling, drone attacks, and missile attacks that were happening between Israel and Iran have been temporarily stopped by him. Israeli Prime Minister Benjamin Netanyahu has not officially used the word ceasefire, but he has confirmed that Israel has stopped attacking Iran. However, he has warned that if Iran makes the mistake of attacking again, Israel will retaliate with full force. Similarly, Iran's IRGC has also signaled a halt to its attacks, and according to media reports, Tehran has clarified that if Israel continues its military aggression on Southern Lebanon or Hezbollah, it will not hesitate to attack again. Another development has occurred which has not been in favor of Mr. Trump. In fact, the US Federal Court has completely canceled the $1 lakh dollar H1B visa fee imposed by President Donald Trump. The decision has come from the District Judge, stating that the decision to impose the heavy fee taken by President Trump is an illegal tax, and a President has no authority to implement it. Now let's come to the American markets. Here, a mixed trend was seen, but all three major US indices, after opening higher, closed at their day's lows. The rebound in chip stocks provided some support to the Nasdaq and S&P, due to which they managed to close in the green. The indications of a halt in attacks between Israel and Iran, and the efforts being made by the US President, have also had a questioning impact on the American markets. The Dow, however, closed in the red for the second day. The Dow closed having lost approximately 500 points from its day's high. Talking about the S&P [Sound of clearing throat], although it fell 60-61 points from its day's high, it did close with double [Sound of clearing throat] digit gains. And if we talk about the Nasdaq, it also lost approximately 250 points from its day's high. Despite this, its closing was 5.25 points higher. So, such volatility was seen, and good strength was observed in all semiconductor stocks. The market's attention will now be on the CPI and PPI data in America. The dollar index closed flat near 100. However, the 10-year US bond yield saw strength for the second day and closed at a two-week high. Talking about crude oil here, a very volatile market is being seen. Yesterday, we saw that crude oil cooled off from the $98 level intraday and closed around $94. Due to this slight peace between Iran and Israel, we saw crude oil also cool down a bit, and it is currently trading around $94 in Asian trade this morning. However, gold and silver have fallen to six-month lows, with precious metals declining. Mixed trading was seen in base metals. London copper saw a slight recovery from its three-week low for the day. Aluminum closed in the red for the fourth day. Zinc saw a break in its three-day decline, and Nickel fell for the fourth day, slipping to a six-week low.