From Nasdaq: 2025-05-29 22:40:00

Indian shares are expected to open lower as investors monitor U.S. President Trump’s tariffs and Fed policy. Trump met with Fed Chair Powell and criticized the central bank for not lowering interest rates. Sensex and Nifty closed slightly higher, while the rupee weakened against the dollar. Asian markets were mostly lower, with Japan and Hong Kong leading losses. The dollar softened for the fifth consecutive month, while the Japanese yen strengthened. Gold prices dipped ahead of U.S. inflation data. Oil prices traded lower amid expectations of an OPEC+ output hike. U.S. stocks closed moderately higher, despite legal uncertainty surrounding Trump’s tariffs. An appeals court reinstated the tariffs after they were blocked by a trade court. Economic releases showed rising jobless claims, falling corporate profits, and pending home sales drop. The Dow, Nasdaq Composite, and S&P 500 all posted gains. European stocks ended lower due to U.S. tariff uncertainty.



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