🌏 Global & Domestic Market Morning Update
Wall Street closed mildly lower as investors stayed cautious ahead of today’s U.S. CPI inflation release. The S&P 500 fell 0.25% and Nasdaq 0.3%, reflecting profit booking. Markets now price in an 87% chance of a Fed rate cut next month.
Adding to the macro backdrop, Donald Trump extended the U.S.–China trade negotiation deadline by 90 days, easing immediate tariff worries. GIFT Nifty is down 10 pts at 24,565, signaling a flat start for Indian equities. Brent Crude is steady at $66.8, U.S. 10y yield flat at 4.28%, and the Dollar Index holds at 98.5.
Focus today is on inflation: U.S. CPI (July) is seen at 2.8% (vs. 2.7% in June) and India CPI at 1.8% (vs. 2.1%). These prints will shape Fed and RBI policy expectations.
📌 Key Watchpoints
U.S. CPI – Fed rate path signal
India CPI – RBI stance cue
Trade talks after Trump’s extension
Brent crude trend & inflation impact
📈 Stocks in News