Asian markets saw a surge after President Trump’s comments on Jerome Powell and positive trade signals from Treasury Secretary Bessent. US markets also witnessed a strong rebound driven by corporate earnings and Elon Musk’s attention towards Tesla, despite IMF’s global growth forecast cut. Bond markets showed stability, while crude oil prices and the euro recorded gains.
Asian and US Markets Rally on Trump’s Powell Assurance and Trade Optimism; Tesla Boosts US Stocks
In Trend
Gold futures at MCX face profit booking, open lower at Rs 95,457/10 grams; silver also declines. Domestic markets close positively.
