Sensex and Nifty may extend gains from Monday amid positive Asian cues. Speculation that the Biden administration could scrap some Trump-era tariffs on Chinese consumer goods boosted sentiment. Treasuries fell after reopening from a holiday. Markets will take cues from US Fed minutes of meeting on Wednesday and the June quarter earnings season going forward.
05 Jul 2022, 07:52:39 AM IST Crude oil extends gain
Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries. Brent crude futures rose 82 cents, or 0.7%, to $114.32 a barrel after a 2.4% gain on Monday. US West Texas Intermediate crude climbed $2.58, or 2.4%, to $111.01 a barrel,
05 Jul 2022, 07:35:51 AM IST Asian markets, US Futures climb
Asian stocks rose with US equity futures Tuesday amid speculation the Biden administration could scrap some Trump-era tariffs on Chinese consumer goods. Treasuries slid after reopening from a holiday.
An Asian share index climbed for a second day, helped by Chinese tech stocks, while S&P 500 and Nasdaq 100 contracts gained about 0.5% from Friday’s close. US markets were shut Monday for the Independence Day holiday.
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