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Indian shares may open on a cautious note Tuesday after data showed India’s merchandise trade deficit in November widened to a record high of $37.84 billion from $27.1 billion in October, led by a surge in gold imports. <\/p>\n
Mixed global cues may also weigh on sentiment as investors eagerly look forward to a slew of central bank decisions across the globe, including Wednesday’s FOMC meeting outcome. <\/p>\n
A 25-bps rate cut is already priced in by markets<\/span>, but traders will pay close attention to the updated policy statement and Fed Chair Jerome Powell’s press conference for clues on future interest rates under the Trump administration.<\/p>\n Benchmark indexes Sensex and Nifty ended down around half a percent each on Monday, while the rupee fell by 8 paise to close at a record low of 84.8625 per U.S. dollar.<\/p>\n Asian markets traded mixed this morning, Treasury yields were steady, the yen steadied after six days of losses and gold held on to a slight overnight gain while oil steadied after a decline on concerns about weakening demand in China, the world’s biggest crude importer. <\/p>\n U.S. stocks closed mostly lower overnight as Treasury yields paused amid Fed rate cut expectations and ahead of interest-rate decisions by major central banks across the globe. <\/p>\n In economic news, a survey revealed U.S. economic output hit its highest level in nearly three years to close out 2024.<\/p>\n The tech-heavy Nasdaq Composite rallied 1.2 percent to hit a new record closing high. European stocks closed lower on Monday amid political turmoil in Germany and France and an unexpected decision by Moody’s to downgrade France’s credit rating. <\/p>\n The pan European STOXX 600 eased 0.1 percent. The German DAX and the U.K.’s FTSE 100 both dipped around half a percent while France’s CAC 40 shed 0.7 percent. <\/p>\n<\/p>\n<\/div>\n
The S&P 500 gained 0.4 percent while the Dow slid 0.3 percent to extend losses for the eighth consecutive and reach its lowest closing level in almost a month.<\/p>\n