American stock futures saw a rise. The dollar’s value increased after a US court blocked Donald Trump’s global tariffs. The court considered the tariffs illegal. Nvidia Corp’s strong earnings also boosted market confidence. Contracts for the S&P 500 and Nasdaq 100 experienced gains. However, the Trump administration can appeal the ruling in federal court. Oil prices also saw a jump.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction