US, EU reach bilateral trade deal

US equity markets ended the day in green on Friday, 25^th July. US President Donald Trump has asked the Federal Reserve to cut down its benchmark interest rate to 1% from the prevailing, 4.25% – 4.5%, in its monetary policy meeting later this week. Meanwhile, EU and USA have reached a bilateral trade deal. As part of this deal, US will impose lower tariffs on European goods. EU will buy energy and defense equipment from USA.

Nasdaq ended the day, on Friday, up by 50.36 points or 0.24%. Dow Jones ended the day, up by 208.01 points or 0.47%. S&P 500 ended the day, up by 25.29 points or 0.40%.

European markets ended Friday in red. Euro Stoxx 50 ended the day, down by 3.04 points or 0.057%.  Dax ended the day, down by 78.43 points or 0.32%. FTSE 100 ended the day, down by 18.06 points or 0.20%.

Asian markets have opened on a mixed note

Asian markets have opened the day today on a mixed note. At 8:50 a.m. 28^th July, 2025, today, Nikkei 225 is down by 308 points or 0.74%. Hang Seng is up by 155.43 points or 0.61%. Shanghai composite is up by 7.44 points or 0.21%.  Profits of industrial firms in China fell by 4.3% in June, on year-on-year basis. In May this decline was of 9.1%.

Indian equity markets may see another day in red today. June quarter results of many companies continue to be disappointing. The delay in announcement of Indo-US trade deal has raised the anxiety of markets regarding whether a trade deal will be reached.

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Source: Dow Jones