Overview

• President Trump announced 50 percent tariffs on copper imports and all Brazilian goods, set to take effect August 1 after a national security assessment.
• Nvidia briefly reached a record $4 trillion market valuation, bolstering global equity sentiment despite renewed trade tensions.
• U.S. 10-year Treasury yields climbed to a two-week high of 4.42 percent as investors weigh the inflationary impact of higher import duties.
• Indian benchmark indexes fell for a second day, with the Sensex down 345.80 points and the Nifty off 120.85 on IT and telecom stock selling.
• Investors are closely watching Tata Consultancy Services’s first-quarter results due later Thursday for guidance on the broader earnings season.