U.S. equities rebounded sharply, with the Nasdaq up 2.2%, driven by renewed U.S.-China trade optimism and Broadcom's data center deal with OpenAI, while European markets also closed higher as trade war worries eased. Indian shares are set for a flat open, awaiting domestic earnings and inflation data, amid mixed Asian trading. Concurrently, gold extended gains to a new record high of $4,150, and oil prices rose, as the U.S. maintained a cautious stance on China's rare earth policies despite President Trump's conciliatory tone.
Global equity markets exhibited a mildly positive sentiment, with U.S. stocks rebounding sharply overnight, led by the Nasdaq Composite's 2.2% surge and the S&P 500's 1.6% rally. This recovery was partly driven by renewed optimism surrounding U.S.-China trade talks, following President Trump's conciliatory remarks. European markets also closed higher, with the pan-European Stoxx 600 advancing 0.4%, as trade war concerns eased. A significant catalyst for the U.S. tech sector was Broadcom Inc.'s (AVGO) blockbuster data center deal with OpenAI, contributing to the Nasdaq's strong performance. Concurrently, commodity markets showed strength, with gold extending gains to a new record high of $4,150 per ounce, and oil prices continuing to rise amid the ongoing Ukraine-Russia conflict. In contrast, Indian shares are poised for a flat open, awaiting critical domestic earnings and inflation data scheduled for this week. Foreign institutional investors net sold shares worth Rs 240 crore on Monday, though this was largely absorbed by domestic institutional investors who bought shares to the tune of Rs 2,333 crore, providing some market stability. Asian markets generally traded mixed, reflecting regional specificities like Japan's deepening political turbulence.
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mildly positive
Sentiment Score
0.30
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