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Home > Stock Market Updates > Opening Bell - 13 / 02 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 13 / 02 / 25
Category: Business
Duration: 00:01:45
Publish Date: 2025-02-13 03:24:26
Description:

Morning Market Commentary


Global Markets Poised to Surge Amid Fresh Hopes for Ukraine Peace Prospects


U.S. stocks finished mixed on Wednesday after the Consumer Price Index (CPI) showed higher-than-expected inflation. It triggered an aggressive selloff of Treasurys and undermined the Federal Reserve's ability to keep cutting interest rates.


The consumer price index (CPI)ticked up to an annualized rate of 3.0% in January, surpassing expectations of a steady 2.9%. Energy prices were a significant factor in the increase, rising 1.1% month-over-month.


Markets are now pricing one Fed rate cut this year, potentially in October or December. Fed Chair Jerome Powell delivered his semi-annual testimony to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, reiterating that the Fed can be patient in cutting interest rates and remains committed to bringing inflation down.


During their phone calls, Donald Trump spoke separately to Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy. Both of them expressed a desire for peace. Trump instructed top U.S. officials to initiate talks to end the war in Ukraine.


Asian and European stock futures rallied on optimism over the prospects of a peace deal between Ukraine and Russia. Oil prices dropped, having been down more than 2% overnight. Wall Street staged a late rally to end the day mixed.


The Nifty extended its downward trend for the sixth consecutive session yesterday, but the day's trading pattern revealed significant underlying strength.


Nifty formed a double bottom around 22,800 before bouncing back to close above the psychologically important 23,000 mark. Looking ahead, the 5-day EMA at 23,255 presents immediate resistance, while the 22,800 level serves as a crucial support zone to monitor in the coming sessions.
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