US markets end the day in red; RBI to announce its monetary policy decision today

US markets ended the day in red yesterday, 5^th June, 2025.  Tesla shares fell by around 14% after a social media spat between Donald Trump and Elon Musk. President Trump threatened that he would end Tesla’s contracts with the government. Nasdaq ended the day, down by 162.04 points or 0.83%. Dow Jones ended the day, down by 108 points or 0.25%. S&P 500 ended the day, down by 31.51 points or 0.53%.

ECB cuts interest rate by 25 basis points

European Central Bank cut down its benchmark interest rate by 25 basis points to 2%. Euro Stoxx 50 ended the day, up by 5.4 points or 0.1%. FTSE 100 index ended the day, up by 9.75 points or 0.11%. Dax ended the day, up by 47.10 points or 0.19% after industrial orders in Germany in May rose unexpectedly. The increase was of 0.6% over that in the previous month.

Asian markets start the day mostly in green

Asian markets have started the day mostly in green today. At 8:54 a.m. IST, 6^th June, 2025, Nikkei 225 is up by 176 points or 0.47%. Hang Seng is down by 39.74 points or 0.17%. Shanghai composite is up by 0.79 points or 0.023%. US President Donald Trump said yesterday that US and China will resume trade talks. South Korean Kospi is again up today by 41.21 points or 1.49%.

RBI will announce its monetary policy decision today. Markets are expecting a rate cut of 25 basis points or even 50 basis points.

Disclaimer : This article is only for informational purpose. It does not make any recommendation to act or invest. To get any error corrected, write to content@hdfcsec.com.

Source: Dow Jones