Indian equity markets getting negative cues from foreign markets today

US markets were closed on Friday, July 4^th on account of independence day holiday. US President Trump has said that US will start sending tariff letters to countries from today, that have still not reached a bilateral trade deal with United States. He also added that countries that fail to reach a trade deal with USA may face tariffs as high as 70% from August 1^st.

European markets ended the week in red

European markets closed the week in red on Friday, 4^th July, 2025. Euro Stoxx 50 ended the day, down by 54.34 points or 1.02%. Dax ended the day, down by 146.68 points or 0.61%. FTSE 100 ended the day, down by 0.29 points or 0.0033%.

Asian markets begin the day in red

Asian markets have also started the day mostly in red today, 7^th July, 2025. At 8:50 a.m. IST, Nikkei 225 is down by 182.47 points or 0.46%. Hang Seng is down by 93.16 points or 0.39%. Shanghai composite is down by 7.62 points or 0.22%. Kospi is up by 0.42 points or 0.014%.

Oil prices decline after OPEC+ increases output by more than expected

Oil prices fell after OPEC+ decided to increase daily oil supply by 540,000 barrels per day. This is more than expected. At 8:55 a.m. IST, WTI crude for August delivery is down by 0.86% to $65.93 per barrel.  WTI crude is down by 0.80% to $67.77 per barrel.

Indian equity markets are likely to start the day today in red. This because of the negative cues that it is getting from foreign markets.

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Source: Dow Jones