BAJAJ BROKING
As we stand on the precipice of a new trading day, global market news remains a cornerstone for investors aiming to navigate the ever-volatile landscape of international finance. With a keen eye on global share market news, U.S. share market updates, and broader global stock market developments, let's delve into the pivotal events shaping markets worldwide.
During his tour across Nevada, President Joe Biden emphasised his commitment to making housing more affordable, targeting the issue of soaring rents and directly criticising the policies of his Republican opponent, Donald Trump. In Las Vegas, Biden expressed concern over the accessibility of homeownership for many Americans, stating, "We need housing that's affordable. For too many people, the dream of having a home - it feels out of reach." Additionally, Biden reclaimed Trump's "make America great again" slogan for his own agenda, proposing a minimum tax on billionaires to fund initiatives like childcare, aiming to reinvest in the foundations of American greatness. Continuing his campaign trail, Biden then moved on to Arizona, highlighting the stakes of the upcoming presidential election and framing it as a choice between himself and Trump, underscoring the critical nature of battleground states in the race.
The expected removal of the last major tariffs on Australian goods by China marks a significant turning point in the three-year trade conflict between the two nations, signalling a potential thaw in their strained relations. The visit of Chinese Foreign Minister Wang Yi to Australia, the first in seven years, to engage in the Australia-China Foreign and Strategic Dialogue in Canberra with his Australian counterpart, Penny Wong, represents a cautious step towards reconciliation. This diplomatic engagement follows China's announcement to consider lifting punitive tariffs on Australian wine, which had reached as high as 218%. While the easing of economic sanctions suggests an improvement, experts warn that underlying political tensions and the broader geopolitical contest between China and the United States, Australia's key ally, continue to pose challenges to the bilateral relationship.
Global shares experienced a slight uplift, and the Japanese yen witnessed a notable depreciation, crossing the 150 mark against the dollar. This movement came in the wake of the Bank of Japan's historic decision to terminate its eight-year-long negative interest rate policy. This move, highly anticipated by market participants, stood out as a key event in a week bustling with central bank activities.
In the United States, the anticipation surrounding the Federal Reserve's impending monetary policy decision has led to a remarkable surge in the stock market. The S&P 500 achieved a record closing high, bolstered by the energy sector's strength and a dip in Treasury yields. This positive momentum extended across major indexes, with the NASDAQ Composite and the Dow Jones Industrial Average also posting significant gains.
Investors' focus is now riveted on the Federal Reserve's meeting conclusion, eagerly awaiting insights into the central bank's interest rate trajectory. The market is abuzz with speculation, particularly after recent inflation data exceeded expectations, prompting a reevaluation of the anticipated pace of interest rate reductions.
The oil market has seen a robust increase in prices, reaching multi-month highs for two consecutive sessions. This surge is primarily attributed to the geopolitical escalations in Eastern Europe, particularly Ukraine's attacks on Russian oil refineries, raising concerns over potential impacts on global oil supplies.
Following the Bank of Japan's significant policy shift, the yen plummeted to a four-month low, while the dollar gained momentum, buoyed by anticipation of the Federal Reserve's rate outlook. The dollar index, a measure against a basket of six major currencies, reached a two-week high, reflecting the strengthened position of the U.S. currency in global markets.
In the global share market news of the precious metals sector, spot gold exhibited a slight decline, consolidating its position in anticipation of the Federal Reserve's policy announcement. Despite reaching all-time highs earlier in the month, gold prices have entered a period of stabilisation as investors await further cues from the Fed.
As global markets brace for these developments, the overarching theme is one of cautious optimism. With central banks' decisions on the horizon, the global financial ecosystem remains in a state of flux, underscoring the importance of staying informed on global market news to navigate the uncertainties ahead.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For Detailed Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 8 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
What are the Timing For Commodity Market Trading?
13 Dec, 2024 | 6 Min. read
Defence Ministry Signs ₹13,500-Crore Deal with HAL for Su-30MKI Jets
13 Dec, 2024 | 2 Min. read
Kalpataru Projects To Raise ₹1,000 Cr Via QIP; Bags ₹2,174 Cr Orders
13 Dec, 2024 | 2 Min. read
Repo Rate & Reverse Repo Rate: Differences, Full Form & Meaning
13 Dec, 2024 | 5 Min. read
What is Spread Betting and How Does it Work
13 Dec, 2024 | 9 Min. read
Ashok Leyland Wins ₹345.58 Crore Order for 1,475 BSVI Bus Chassis
13 Dec, 2024 | 2 Min. read
Zomato Faces ₹803 Crore GST Demand, Including Interest and Penalty
13 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Indicates Negative Start For Indian Markets
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading