China, Gulf stock and The tariff
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US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report
US stock futures are trading marginally in the red after a strong rally on Monday, marking their best single-day gain since April 9, which was the day US President Donald Trump announced a pause to his reciprocal tariff program for 90 days.
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U.S. stock futures point to a lower open as investors await a key inflation report, due before the market opens.
April consumer price inflation (CPI) is due at 8:30 a.m. ET, with economists polled by Reuters expecting a 0.3% monthly rise and an annual rate holding steady at 2.4%. "Today's inflation data is highly anticipated,
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Stay with Moneycontrol to get real time updates on US MARKET share price, top gainers, top losers and market insights.
The S&P 500, which plummeted as much as 12% in the days following the "Liberation Day" tariff announcement, is now up over 3% since.
Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president).
Gift Nifty was trading around 24,915 level, a discount of nearly 128 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.