Global market: Good signals are coming from the global market today. Based on good results, there was a rise in the American markets on Friday. The biggest rise in the S&P500 index was seen since November. The increase in bond yields and inflation has not affected the market. The 10-year US bond yield has increased to 4.66 percent. Alphabet shares rose 10 percent on the last trading day. Its market cap reached nearly $2 trillion. Microsoft, Nvidia, AMD, and Amazon also continued to rise. On the other hand, the yen fell to its lowest level in 34 years against the dollar.
At the end of the trading session on Friday, the Dow Jones Industrial Average rose 153.86 points, or 0.40 percent, to 38,239.66, the S&P 500 rose 51.54 points, or 1.02 percent, to 5,099.96 and the Nasdaq Composite rose 316.14 points, or 2.03 percent, to 15,927.90. Every week, the Dow closed with a gain of 0.7 percent, the S&P500 index with a gain of 2.7 percent, and the Nasdaq with a gain of 4.2 percent.
Inflation increased in US
Core inflation increased by 0.3 percent on a month-on-month basis in March. Inflation in March was as per expectations. On an annual basis, inflation has been 2.7 percent and core inflation has been 2.8 percent. Inflation was estimated to be 2.6 percent in March.
US Fed meeting from tomorrow
The 2-day Federal Reserve meeting is going to start from tomorrow. The Fed's decision will come on Wednesday night. It is possible to wait for the Fed's rate cut till December.
Asian market
Today, business is being seen on the rise in Asian markets. However, Gift Nifty is seen with a gain of 50 points at 22,640. At the same time, the Nikkei is seen around 37,934.76 with an increase of 306.28 points or about 0.81 percent. The Straits Times is trading with a decline of 5.31 points or 0.23 percent. At the same time, Taiwan's market is seen at the level of 20,449.68 with an increase of 329.17 points or 1.64 percent. While Hong Kong's Hang Seng is trading at the level of 17,929.84 with a gain of 285.62 points or 1.62 percent. At the same time, Kospi is showing a strength of 0.81 percent. While Shanghai Composite is trading at the level of 3,115.46 with a gain of 26.08 points or 0.87 percent.
--Advertisement--