Suryaa Business Desk: Major indices in international markets are showing positive signs. Shares of technology giants in US stock markets... Major indices in international markets are showing positive signs. The global equity gauge gained momentum as shares of technology giants rallied in the US stock markets and investor expectations for the upcoming quarterly results. On Wall Street in particular, the Nasdaq and S&P 500 indices gave gains, supported by strong buying.
Analysts believe that increasing investments in the field of artificial intelligence worldwide and the performance of corporate companies are the main impetus for the markets in technical terms. While traders are keenly focused on the US Federal Reserve's next interest rate decision, market sentiment remains steady. As per technical charts major indices are trying to cross key resistance levels while short term investors are cautious. On the other hand, despite fluctuating crude oil prices and inflation expectations in the international market, strong signals from the technology sector are creating a positive environment in global trading. The same trend is seen in the Asian markets.
Japanese, Hong Kong and South Korean indices also traded with gains and moved in line with international market trends. But currency markets continue to be in a frenzy due to fluctuating yields in bond markets and central banks' policies. Economists predict that corporate earnings reports and monetary policy announcements in the coming days will completely dictate the course of global markets.
