Global Stock Market: Action across the world last night, the effect of which will be seen on Monday morning:

News Topical, Digital Desk : On Friday, the Indian market closed with a sharp decline. However, when the domestic market was closed, action was going on all over the world which can now decide the direction of next week. Next week will be decided by the Trump tariff signals and quarterly results. When the quarterly results come, their effect will be seen. On the other hand, last night there was a lot of action regarding tariff. As the date of August 1 comes closer, this action can dominate the market.

How were the American markets?

The US stock markets witnessed a slight increase last night. The S&P 500 rose by 0.40%, the Nasdaq closed up by 0.24% and the Russell 2000 index of small companies also registered a gain of 0.40%. The yield on the US 10-year treasury bond fell by 1 basis point to 4.39%. The dollar index rose by 0.28% to 97.64, while Brent crude oil prices fell by 1.0% and closed at $68.46 per barrel.

Trade talks between the US and China Among the tariff-related developments that took place overnight, the trade talks between the US and China were in special focus. President Trump said that the limitations of an agreement with China have been negotiated. US Treasury Secretary Bessant is scheduled to meet his Chinese counterparts on Monday and Tuesday. The purpose of this meeting is to take forward the tariff agreement reached on 12 May, which is going to expire on 12 August.

Tension with the European Union over tariffs continues There is a situation of trade tension with the European Union as well. Trump said that the possibility of any agreement with the European Union is "50-50", maybe even less than that. He also said that if an agreement is reached, it will be one in which the EU will have to bring down its current 30% tariffs. Trump and the head of the European Union are going to meet on Sunday.

Strictness on Brazil There are signs of strictness in America's policy towards Brazil as well. It is reported that America is preparing new legal grounds to impose tariffs on Brazil. Brazilian President Lula said that he is ready to talk to Trump, whenever the American President is ready.

Uncertainty remains on Canada Trump's stand on Canada is still unclear. He said, "We have not got much success with Canada so far... It is also possible that Canada pays the tariffs directly."

Trump's statement on the dollar was also in the news. Trump's statement on the dollar was also in the news. He said, “When we have a strong dollar, it sounds good, but it kills tourism. You can't sell trucks... you can't sell anything. A strong dollar is only good for inflation and psychological effect.”