US, EU agree on trade deal framework

US markets ended the day in red, yesterday, 21^st August, 2025. US and European Union (EU) have come closer to a trade deal. A trade deal framework between the two was agreed on yesterday. As part of this framework, EU will have to cut down import duties on US goods significantly in order for US import duties on EU cars to be reduced to 15%.

AI stocks continue to see selling

Nasdaq closed the day, down by 72.54 points or 0.34%. AI stocks continued to see selling. This, after a report by MIT that more than 99% of organizations that have invested in AI are failing to see any return. Dow Jones ended the day, down by 152.81 points or 0.34%. S&P 500 ended the day, down by 25.61 points or 0.40%.

Euro Stoxx 50 ended the day, yesterday, down by 10.16 points or 0.19%. Dax ended the day, up by 16.37 points or 0.067%. FTSE 100 ended the day, up by 21.06 points or 0.23%.

Asian markets start the day, marginally in green

At 8:55 a.m. today, 22^nd August, 2025, Nikkei 225 is up 4.92 points or 0.012%. Hang Seng is up by 56.10 points or 0.22%. Shanghai Composite is up by 22.06 points or 0.58%. Kospi is up by 23.81 points or 0.76%.

Indian markets may see a mixed day today. After the gains of the past few days, some degree of profit booking may also take place today.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: Dow Jones