Markets rally as investors hope Trump softens tariff stance
Investors remain jittery over a potential rise in inflation & recession ahead of Trump’s April 2 start date for reciprocal tariffs
But sentiment appears uplifted on reports the duties could be more narrow in scope and that sector-specific tariffs are expected to be delayed
Trump said late Monday afternoon that he may give “a lot of countries” breaks on reciprocal tariffs
Markets on Monday
#DowJones +1.42%
#Nasdaq +2.27%
S&P500 +1.76%
Big Gainers
Tesla +12% after falling for nine straight weeks Meta Platforms & Nvidia each climbed +3%
Economic Data
S&P Global’s flash U.S. Composite PMI Output Index increased to 53.5 this month from 51.6 in February
Other Asset Classes
10-year Treasury yield at 4.33%
Dollar Index at 104
Brent Crude at $73.02/barrel, higher as Trump plans tariff on countries that buy Venezuelan oil, gas
Bitcoin bounces back to 87607$
Gold at 3,007/ounce
Silver at $32.9/ounce
What to track on Tuesday?
Economic Data
-Consumer confidence data for March
-February’s new home sales data
-Richmond Federal Reserve’s manufacturing index for March
Fed Speak
Fed Governor Adriana Kugler & New York Fed President John Williams
Indian Sectoral Catalyst & its Impact
DIACABS: Damond Power Infra Co Wins an Order Worth 215Cr Rupees – Positive Impact
SMLISUZU: SML ISUZU: M&M to BUY PROMOTER STAKE IN Co-CNBC AWAAZ- Positive Impact
JKUMARINFRA: Jkumar Infra Co wins Order Worth of 1020 Cr- Positive Impact
RENEWABLE SECTOR: Rajasthan’s new registration law to increase costs and delay renewable energy projects, experts warn- Negative Impact
EASEMYTRIP: Easemy Trip enters aviation market; acquires 49% stake in Big Charter Pvt- Positive Impact
BRITANNIA: Britannia says strike disrupts Gujarat plant operations- Negative Impact
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