India, April 9 -- Indian markets remain closed today on the occasion of Shri Mahavir Jayanti.
Finally, there is some relief flowing through financial markets worldwide amid optimism that U.S. tariff rates will ultimately end up lower than they are threatened today.
Recession and stagflation worries have eased somewhat after U.S. President Donald Trump abruptly announced a 90-day pause on new "reciprocal tariffs" on most countries to allow for negotiations, with White House press secretary Karoline Leavitt telling reporters that tariffs would be brought down to a "universal 10 percent" level during this period.
However, Trump increased duties for China from 104 percent to 125 percent immediately, making Beijing increasingly isolated for i...