Biden will meet with the top EU officials at a moment when the continent’s leaders are becoming impatient that the American president has not yet addressed his predecessor Donald Trump’s 2018 decision to impose import taxes on foreign steel and aluminum
Indian markets may gain on Wednesday as US President Donald Trump signalled easing of US-China trade tensions.
As a compromise pushed by Washington, the statement omitted language from a previous draft that mentioned a "pressing need to resolve trade tensions".
"The market gave up the gains after testing a new high as the positive sentiment on exit polls was gradually priced-in. The pre-election rally may continue, and quality mid & small caps may out-perform if the election verdict comes in tandem with the exit polls."
Exporters, in the manufacturing sector, need to keep their costs in check by getting raw material at globally competitive prices, Sehgal said, adding that logistics support is also important.
India is in a "good position" to deal with any fallout from global trade tensions and with right policies can reach an 8 per cent-plus growth rate and hold it, according to a UN economist monitoring the country.
