European Stocks Slump
The FTSE 100, DAX, and CAC all closed lower on Tuesday as investors remain cautious ahead of key central bank decisions. The pan-European Stoxx 600 also dipped by 0.5%.
U.S. Indices Struggle
In the U.S., the S&P 500, Dow, and Nasdaq all faced declines as recent weak data prompted concerns over the direction of interest rates. Market participants remain in a “wait-and-see” mode as they await further clarity.
Indian Markets React to Election Updates
In India, the Nifty 50 index fell over 6% as the election count showed that Modi’s BJP party may lose its outright majority. However, the BJP-led NDA alliance is still likely to form the next government. Investors are closely watching the election outcome for potential market impacts.
Looking Ahead: ECB Rate Decisions and U.S. Jobs Data
Later this week, all eyes will be on the European Central Bank’s rate decisions and U.S. jobs data, which are expected to provide further direction for global markets.
