Mixed signals are visible from the global market today. The effect of the US Federal Reserve increasing interest rates less than before was clearly visible in the global market in the last trading session. Because of this, all three indices of Wall Street closed strongly after doing business. European markets, on the other hand, were seen working under constant pressure in the previous trading session. While the Asian markets are generally showing an edge today.
The US Federal Reserve has announced an increase in interest rates by 0.25 percent. Whereas before this the interest rates have been increasing from 0.5 percent to 0.75 percent. The impact of lower interest rate hikes than in the past was clearly visible on Wall Street in the last trading session. The Nasdaq closed at 11,816.32 with a gain of 231.77 points, or 2 percent. Similarly, the S&P 500 index ended its previous trading session at 4,119.21 points, up 1.05 percent. Apart from this, the Dow Jones closed at a level of 34,092.96 points with a slight gain of 0.02 percent.
European markets appeared under pressure in the last trading session. Selling pressure remained high on two markets of Europe, while relief was seen in one. The FTSE index closed at a level of 7,761.11 points with a weakness of 0.14 percent. Similarly, the CAC index ended the previous session’s trade at 7,077.11 points, down 0.08 per cent. On the other hand, the DAX index strengthened by 0.35 percent and closed at the level of 15,180.74 points.
Asian markets are showing a generally firm trend today. Barring two Asian markets, all the remaining seven markets have maintained a strong trend. SGX Nifty is currently trading at a level of 17,632 points with a weakness of 68 points i.e. 0.38 percent. Similarly, the Straits Times Index is also seen trading down 0.42 percent at the level of 3,363.40 points.
On the other hand, the Nikkei index is trading at a level of 27,414.20 points with a strength of 0.25 percent. Similarly, the Hang Seng index is also seen at the level of 22,162.46 points with a gain of 90.28 points i.e. 0.41 percent. Apart from this, Taiwan Weighted Index is seen trading at the level of 15,575.44 points with an increase of 155.31 points i.e. 1.01 percent. On the other hand, the Kospi index jumped 0.85 percent and is trading at the level of 2,470.68 points. Similarly, the SET Composite Index gained 0.06 percent to 1,686.77 points, the Jakarta Composite Index gained 0.33 percent to 6,885.07 points and the Shanghai Composite Index was trading up 0.29 percent to 3,294.51 points. have been
