Global financial markets are witnessing fluctuations as investors digest economic indicators and monetary policy decisions from key economies such as the U.S., India, and Japan.
On February 6, U.S. stock markets displayed a mixed trend. The S&P 500 rose by 0.36%, and the Nasdaq gained 0.51%, while the Dow Jones Industrial Average dipped 0.28%. Later in the evening, futures indicated mild declines.
Asian markets struggled on February 7, awaiting crucial U.S. employment data that could impact interest rate forecasts. Japan’s Nikkei 225 dropped 0.38%, while South Korea’s Kospi saw a 0.28% increase. Australian and Hong Kong stocks also declined. The Japanese yen reached its strongest level since December. IMF projections indicate that Japan’s growth may accelerate in 2025, with inflation aligning with the BoJ’s 2% target.
The U.S. Dollar Index (DXY) slipped by 0.06% early on February 7, and the Indian rupee settled at 87.57 per dollar. In India, stock markets opened with minor gains, with the BSE Sensex at 78,066.81 points (+0.011%) and Nifty50 at 23,611.15 points (+0.033%).
The RBI’s Monetary Policy Committee (MPC) concluded its session with an expected 25-basis-point rate cut, the first in five years. Following the announcement, the Sensex climbed over 200 points, and Nifty50 maintained its position above 23,600.
With the earnings season nearing its end and economic uncertainty prevailing, investors are keeping a close eye on stock movements. The upcoming U.S. jobs report is expected to play a pivotal role in shaping future monetary policies and market trends.
