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Global markets are seen in WAIT & WATCH mode before the Fed decides on interest rates today. US futures and Nifty are trading flat. US markets also remained sluggish yesterday. However, Asian markets started strongly. Meanwhile, crude prices have strengthened amid expectations of rate cuts from the Fed. Brent reached close to $ 74. However, gold prices are softening from the record high.
Yesterday, the US markets closed flat while the Dow Jones closed in light red. The S&P500, and Nasdaq index closed in green. The US Fed will decide on interest rates today.
US bond yield
The 30-year yield is down to 3.95 percent, while the 10-year bond yield is at 3.64 percent and the 5-year bond yield is at 3.43 percent.
Asian Markets
Meanwhile, mixed trading is being seen in Asian markets today. GIFT NIFTY is showing a gain of 7.50 points. At the same time, the Nikkei is seen around 36,462.95 with a gain of about 0.71 percent. At the same time, Strait Times is showing a weakness of 0.15 percent. Taiwan market is trading at 21,832.80, down 0.07 percent. At the same time, the Shanghai Composite is seen at 2,705.46 with a gain of 0.05 percent.
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