Asian stocks declined amid concerns over high Wall Street valuations, triggered by strong US economic data and mixed signals from Federal Reserve officials regarding potential rate cuts. The dollar strengthened, while the yen weakened. Investors are now closely watching the upcoming inflation report, which will influence the Fed’s future policy decisions, adding to market uncertainty.
Nifty reclaims 200 WMA; eyes further gains as key resistance shapes next move
Indian equity markets rebounded 2.78%, with the Nifty reclaiming its crucial 200-week moving average. However, weak momentum indicators and overhead resistance warrant caution. Banking, metal,