Global cues turned positive ahead of the Indian stock market opening on Wednesday, June 11, with Wall Street closing higher overnight amid signs of easing trade tensions between the US and China.
The S&P 500 rose 0.55%, the Nasdaq gained 0.63%, and the Russell 2000 advanced 0.60%, driven by optimism surrounding high-level trade discussions held in London. US Commerce Secretary Lutnick said that talks with Chinese negotiators were going “really, really well,” boosting market sentiment. Although US Treasury Secretary Bessent had to return to Washington for a scheduled congressional testimony, USTR’s Jamieson Greer and Lutnick continued the negotiations.
Adding to the optimism, reports suggested that the US and Mexico are close to finalizing a deal that could remove Trump-era 50% tariffs on steel imports up to a certain volume.
Other key indicators remained stable. The US 10-year Treasury yield held at 4.47%, the Dollar Index hovered close to the 100 mark, and Brent crude slipped 0.4% to $66.75 per barrel.
Indian markets are expected to track these developments closely, with early indicators pointing toward a firm start for the Nifty and Sensex in today’s session.
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