Transcription
Let's understand an update from the global market. Neha is with us. Good morning, Neha. Tell us, have expectations increased over the weekend regarding the trade deal? In fact, if we talk about the US and Iran, there are some hopes here too. Absolutely Swati, good morning. See, two major developments have occurred. Both have come from Mr. Trump himself. First, he has expressed hope for a trade deal with India. He has said that a trade deal with India will happen soon and will also be announced, and along with that, he has also acknowledged that the US will see the most benefit in the trade deal with India. But clearly, here, there is some development visible on a positive note regarding the trade deal between India and America. Now let's talk about America and Iran. The war is ongoing, but in the meantime, Trump's stance appears to be softening. Regarding a deal, he has said that he might meet Supreme Leader Mustafa Khamenei, giving such indications. I will present the statements that have come from him. Trump has confirmed that he considers Ayatollah Mustafa Khamenei as the new supreme leader of Iran. He said he would feel honored to meet him, provided both countries first reach an agreement to end the war and come to the same table. And Trump has also clarified that he did not propose the face-to-face meeting himself, but he would consider it an honor if he could sit and talk with Mustafa Khamenei. He has recently admitted that talks are ongoing on the trade deal through back channels, and finally, he has admitted that the leader he has been meeting for so many months is Mustafa Khamenei. He said that these diplomatic efforts are coming amidst a very unstable ceasefire. The ceasefire has been ongoing for several weeks. But we are seeing repeated violations, and there has been verbal sparring between the two countries, as well as shelling. In the meantime, if we talk about US markets, a recovery has been seen here. Although the closing happened on a mixed note. If we look at these three indices, the Dow Jones has seen a life high being made. We saw a new life high being made in the Dow Jones on the strength of the healthcare, financial, and reality sectors. A good recovery came from the day's low levels, and it registered an all-time record closing of 51562. And in intraday trading, we also saw excellent strength. If we talk about the S&P, although a life high was not made here, a good strengthening and excellent recovery from the day's low levels were seen here. Talking about the Nasdaq, a very good recovery of 275 points came, but the closing happened in negative territory. The Nasdaq closed with a weakness of almost 23 points. Due to the selling in tech stocks and the money rolling out from there, the Nasdaq closed in the red. The dollar index has seen a break in its three-day rally. The 10-year US bond yield remained sluggish. It remained range-bound around 4.47%. Crude oil has seen a break in its three-day rally. Due to the conditional ceasefire talk that has emerged between Israel and Lebanon, we have seen supply concerns ease a bit. Except for copper, all base metals closed in the red for the second consecutive day. If we talk about gold and silver, a slightly range-bound trade was seen. But keep an eye on global coffee. The decline is deepening, and coffee prices have now reached their lowest level globally since October 2024. Thank you, Neha, for the complete details. What will you do?