U.S. stock futures slip
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A disconnect with cash and futures market and discussions about New World screwworm and tariffs, along with macroeconomics brings some uncertainty.
The price of 18-carat gold dropped, from Rs 73,437 per 10 grams in the previous session to Rs 73,125 per 10 grams. Following the trend, the price of silver dropped from Rs 1,11,997 per kilogram to Rs 1,
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Oil futures gained a few cents in a choppy session marked by a large 7.1 million barrel build in U.S. crude stocks and continuing uncertainty as President Trump puts tariffs back on traders’ radars.
Overall, the short-term trend remains consolidative until the Nifty 50 gives a strong close above 25,500. In the upcoming sessions, if it rebounds, the 25,100–25,200 zone can act as a hurdle. However,
In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Bavarian Nordic added 5.4% and Anglo American rose 4.1%. On the other hand, Grafton Group slipped 7.5%, and Barry Callebaut lost 7.2%. The FTSE 100 added 0.7%. Other stocks in Europe were up as France's CAC 40 increased 0.4% and Germany's DAX climbed 0.2%.
Oil steadied after a two-day decline as traders assessed signs of near-term market strength — especially for diesel fuel — ahead of US stockpiles figures.
Crude oil futures traded lower on Monday morning due to factors such as US President Donald Trump’s decision to impose an additional 10 per cent tariff on countries aligning with BRICS policies and to increased in production output by OPEC+.
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.
USD is trading somewhat heavier against G10 currencies ahead of the CPI report. The last few readings were softer than expected, but economists continue to look for firmer price pressures.
At 9.54 am on Thursday, September Brent oil futures were at $68.60, down by 0.74% and August crude oil futures on WTI were at $66.98, down by 0.70%