Global Market Today- There was celebration in the markets around the world in the hope of reconciliation between Russia-Ukraine. The US market has jumped up to 3%. European markets saw a rise of up to 7 percent. Here Asia has also strengthened strongly and SGX NIFTY is trading up about 300 points.
Yesterday the US markets closed with good gains. There was a tremendous jump of 653 points in the Dow and 460 in the Nasdaq. The S&P 500 has seen the biggest rally in a single day since 2020. The S&P 500 closed with a gain of 2.57%. Let us tell you that today the figures of US inflation will come.
Crude softening
Meanwhile, crude oil declined from 14-year highs on hopes of a reconciliation and supply pick-up. Brent has fallen by about 13 percent to $110. According to media reports, OPEC countries can increase crude output. Crude has declined after the statement of the UAE Ambassador in Washington. UAE will talk to OPEC countries to increase supply. Yousef Al-Otaiba is in favor of increasing UAE oil output. The UAE is the second largest oil producer in the Gulf.
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sharp fall in gold and silver
On the other hand, there is also a sharp decline in gold and silver. Gold has come down to $1990 on COMEX. Gold has broken nearly $80 from Wednesday’s high. Gold has slipped below 53,000 on MCX. Silver has also come down from its 8-month high on COMEX.
Foreign Ministers of Ukraine and Russia met today
The foreign ministers of Russia and Ukraine will meet in Turkey today for peace talks. Meanwhile, Russia’s attack on Ukraine continues today for the 15th day. Russia-Ukraine foreign ministers will meet in Turkey. This will be the first meeting of the two foreign ministers after the attack. Russia-Ukraine’s stance has softened before the meeting. Russia says that it is better if a solution is reached through talks in Ukraine. Change of power in Ukraine is not our aim. At the same time, Zelensky has said that Ukraine does not want NATO membership. Zelensky is also ready for talks on Donetsk and Luhansk.
What’s up with the Asian markets
Meanwhile, trading is being seen in Asian markets today with an increase. SGX NIFTY is showing a gain of 286.50 points. At the same time, Nikkei is seen around 25,667.85 with an increase of 3.84 percent. At the same time, Strait Times is showing a gain of 1.79 percent. Taiwan’s market is trading at a level of 17,456.56, up 2.59 percent. Whereas Hang Seng is seen at the level of 20,982.32 with an increase of 1.72 percent. At the same time, there is a rise of 2.04 percent in Kospi. On the other hand, Shanghai Composite is seeing a rise of 1.87 percent at 3,317.41 level.
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