Global Markets Cautious as Investors Eye US Jobs Data and Geopolitical Risks

Markets across the globe are showing signs of caution as investors brace for key macroeconomic triggers. Indian indices, including Sensex and Nifty, are expected to open lower, tracking weak signals from global peers. The GIFT Nifty traded down at 26,187, reflecting subdued sentiment.

Wall Street ended mixed, with the Dow Jones and S&P 500 slipping, while Nasdaq managed marginal gains. Asian markets mirrored this cautious mood, with declines in China, Hong Kong, and Japan, though South Korea’s Kospi bucked the trend with a notable rise.

Key Highlights

• US Data Watch: Non-Farm Payrolls and JOLTS Job Openings expected to influence global sentiment.
• Wall Street Performance: Dow Jones fell 0.94%, S&P 500 down 0.34%, Nasdaq up 0.16%.
• Asian Markets: Mainland China, Hong Kong, and Japan indices declined 0.5–0.9%; South Korea’s Kospi rose 1.48%.
• Indian Equities: Sensex and Nifty likely to open lower; GIFT Nifty futures down 56 points.
• Flows: FIIs continued selling for the third straight session, while DIIs provided support.
• Commodities: Crude prices jumped, gold steadied after a sharp fall.
• The cautious tone suggests consolidation may continue, with selective buying in quality large- and mid-cap stocks.

Sources: Moneycontrol, Business Standard, Goodreturns, Livemint