Today’s trading session will be shaped by a array of global cues, including US inflation data and China’s monetary policy. The GIFT Nifty is trading higher at around 25,165.50, indicating a firm opening for the day.
The US Consumer Price Index (CPI) for June is set to be released, with economists expecting a slight increase in prices due to ongoing supply chain disruptions. A stronger-than-expected CPI reading could lead to interest rate hikes by the Federal Reserve, which could have a positive impact on the dollar and other safe-haven assets.
Meanwhile, China’s central bank is expected to keep monetary policy steady, but may introduce more relaxed regulations for private lenders. This could boost economic growth and lead to an uptick in Chinese stocks.
European markets are also set to be influenced by the US CPI data, with investors watching closely to see how this affects interest rates and the euro.
In terms of sector-specific news, tech giants like Apple and Microsoft are expected to report earnings, which could have a significant impact on investor sentiment. Additionally, oil prices continue to rise due to ongoing conflict in Ukraine, which could have implications for energy-intensive sectors.
As investors navigate this complex landscape, it’s essential to stay informed about the latest global cues and their potential impact on markets.
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