Global Equities Cool Off Amid Commodity Rally

U.S. markets closed mixed overnight, with the S&P 500 moving -0.48%, Nasdaq moving -0.64%, and Dow Jones Futures moving +0.24%. Investors reacted to key economic data, while comments from U.S. policymakers on monetary policy also remained in focus.

Asian markets opened mixed, with Japan and Australia tracking overnight developments. Nikkei 225 dropped -1.28% to 64,310.00, Hang Seng slipped -0.17% to 25,274.96, and KOSPI fell -1.73% to 6,929.63. Japan reported market movement following central bank signals, while Australia released economic updates as markets reacted to regional monetary developments.

Crude oil remains high, with Brent trading around at $101.37 and WTI at $96.59, while gold is near $4,418.22 and silver around $39.80. Commodity prices are being influenced by geopolitical developments, dollar moves, and supply-demand concerns.

The U.S. 10-year Treasury yield is at 4.85%, while the 2-year yield stands at 4.44%. The DXY is trading near 98.7800, with EUR/USD at 1.1634, GBP/USD at 1.3545 and AUD/USD at 0.7216.

GIFT Nifty is trading around 23,464.50, indicating a flat to slightly negative opening for Indian equities compared with the previous Nifty close of 23,490.50.

USD/INR NDF level is near 95.1200.