Global market: Gift Nifty is working. Mixed business is happening in Asia. The same Nasdaq and S&P reached the new peak. Dow Jones closed in red mark.
Trump’s trade deal
Announced the deal with Vietnam. The US will get tariffs at 20%. In Vietnam, US items were ‘0’ Transaction goods will also be charged 40% tariffs. The first Trump imposed a 46% recipe tariff. Last year, $ 137 billion was imported from Vietnam. Clothes, furniture shares climbed in Vietnam with the announcement of the deal.
Not right in US?
Microsoft will trim 9000 people. The company will reduce the workforce by 4%. In May too, 6000 people had lost their jobs.
Delay in ‘One Big Beautiful Bill’
The bill is stuck in the American House of Representatives. Some Republican leaders are still opposing the bill. Trump met several MPs on Tuesday. Trump will meet some more leaders on Wednesday. The Senate approval was necessary again when the bill changes. Trump wants to pass the bill before the deadline of July 4.
Some important figures for the market
The US dollar remains below the index 97. Crude oil climbed 3% after the Vietnam deal. Gold prices continue to rise due to weak private job data. The UK bond market declined due to financial concerns. The American bond market will be monitored.
Important figures of US will come today
Initial jobless claims, non-farm parols and trade deficit and services PMI data will come today.
Asian market
Meanwhile, mixed business is being seen in Asian markets today. Gift Nifty is showing a gain of 53.50 points. At the same time, Nikkei falls around 0.08 per cent to around 39,732.63. At the same time, the Straight Times is showing a growth of 0.02 percent. Taiwan’s market is trading at 0.90 per cent to 22,784.18. While Hangseng is seen by 1.16 per cent to 23,941.43. At the same time, Kospi is trading with an increase of 0.56 percent. At the same time, Shanghai Composite is seen at a level of 3,450.38 with a gain of 0.13 percent.
