Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. Stocks finished yesterdays trading session in the red. Trade war concerns weighed on Wall Street after President Donald Trump directed U.S. Trade Representative Robert Lighthizer to identify 200 billion worth of Chinese goods for additional tariffs at a rate of 10%. The Dow Jones tumbled by 1.2% to 24700 and the Nasdaq was dipped by 0.3% to 7726.
U.K. stocks fell on Tuesday as a slew of profit warnings coupled with an escalating trade spat between the worlds two biggest economies soured investors appetite for risk. The benchmark FTSE 100 dipped by 0.4% to 7604.
On domestic front Indian shares closed lower yesterday as an escalating trade spat between the worlds two biggest economies sparked concerns over the future of global trade. Traders eyed looming trade wars after U.S. President Donald Trump threatened new tariffs on 200 billion of Chinese goods and Beijing vowed to immediately retaliDownload Full Report