Trump will include a process for Canada and Mexico to seek specific exemptions for certain imports, adding that new tariffs would become effective on March 1
At 6:35 AM, GIFT Nifty futures indicated a gap-up opening for the markets, trading 150 points higher at 23,416
Thursday's session had already painted a grim picture, with the Sensex plunging 528.28 points (0.68 per cent) to close at 77,620.21. The Nifty shed 162.45 points (0.69 per cent) to settle at 23,526.50
Brent crude futures rose by 42 cents, or 0.6 per cent, to $74.41 a barrel as of 1430 GMT. US West Texas Intermediate crude gained 38 cents, or 0.5 per cent, to $71.37 a barrel
Brent crude futures fell 6 cents to $74.11 a barrel by 0111 GMT while the more active March contract was at $73.73 a barrel, down 6 cents
Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM
Indian markets took a sharp hit in the previous session as foreign portfolio investors (FPIs) turned wary ahead of the Fed's policy outcome
Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM
Chinese crude imports grew annually for the first time in seven months in November, up more than 14 per cent from a year earlier
Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose
Israel said on Monday it is moving toward a ceasefire in the war with Hezbollah but there are still issues to address
As North Korea may deploy as many as 100,000 troops to aid Russia's war on Ukraine, increasing the likelihood of North Korea becoming more directly involved in the conflict
Brent crude futures ticked up 16 cents, or 0.2 per cent, to $75.24 a barrel by 0841 GMT, while US West Texas Intermediate crude was at $71.65 a barrel, up 18 cents, or 0.3 per cent
A fall in oil prices is beneficial to OMCs as their costs for acquiring crude oil for refining drop
While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25
The Nikkei has had a choppy few sessions this week as investors weighed the rising geopolitical tensions against the domestic rate outlook
The 2023 addition of U.S. crude to the benchmark had the potential to limit the scope for trading plays that can distort Brent prices, analysts said at the time
A deterioration in the geopolitical situation is the biggest risk to global equity markets, Wood said, which he believes is not yet fully discounted by them
With Israel looking to carry out its offensive against Hezbollah to the next level, traders will monitor the evolving situation in Middle East closely for possibility of disruptions to oil supplies.