The Nikkei 225 Future is trading at 22,298.00 up with +0.26% percent or +58.00 point .The NSE Nifty Future is trading at 10,908.00 up with +1.77% percent or +190.10 point. The Hang Seng Future is trading at 26,467.50 with a loss of -0.54% percent or -144.50 point.
TODAY’S FACTORS AND EVENTS
U.S. Federal Reserve Chair Jerome Powell said the central bank’s policy rate is now “just below” estimates of the neutral level that neither brakes nor boosts a healthy economy, comments many took as signalling the Fed’s three-year tightening cycle is drawing to a close.
Powell’s comments boosted U.S. stock markets and pulled the dollar down from two-week highs. of the three main concerns in the market is easing so that’s helping stocks,” said Nobuhiko Kuramochi, a strategist at Mizuho Securities, referring to the pace of the Fed’s rate hikes, U.S.-China trade tension, and a fall in oil prices.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,366.43 up with +2.50% percent or +617.70 point. The S&P 500 is trading at 2,743.79 up with +2.30% percent or +61.62 point. The Nasdaq Composite is trading at 7,291.59 up with +2.95% percent or +208.89 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,262.60 up with +0.39% percent or+85.58 point. Hong Kong’s Hang Seng is trading at 26,483.96 with a loss of -0.74% percent or -198.60 point. China’s Shanghai Composite is trading at 2,567.44 with a loss of -1.32% percent or -34.29 point. India’s BSE Sensex is trading at 36,139.01 up with +1.18% percent or +422.06 point at 12:15 P