Global Markets Rally: Gift Nifty Strong, Asian Markets Surge, Dollar Under Pressure
Business
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Moneycontrol•13-01-2026, 08:55
Global Markets Rally: Gift Nifty Strong, Asian Markets Surge, Dollar Under Pressure
- •Gift Nifty gained 50 points; Asian markets rallied, with Japan's Nikkei up over 3%.
- •US markets recovered from lows, Dow gained 600 points, S&P 500 neared 7,000, Nasdaq rallied with Alphabet crossing $4 trillion market cap.
- •Krishna Guha and Macquarie warn about threats to Fed's independence, potentially weakening the dollar and increasing inflation.
- •Investigation into Powell by Republicans, despite support from former Fed Chairs and Treasury Secretaries, raises market concerns.
- •Dollar index fell most in 3 weeks; Gold and Silver hit record highs; Brent crude reached a 2-month high near $65.
Why It Matters: Global markets show strong recovery and rally, but concerns over Fed independence and dollar weakness persist.
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