Global Markets Mixed: US Tariff Verdict Looms, Non-Farm Payrolls Awaited

Business
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Moneycontrol•09-01-2026, 07:49
Global Markets Mixed: US Tariff Verdict Looms, Non-Farm Payrolls Awaited
- •Global markets show mixed trends: Gift Nifty flat, US indices varied, Asian markets mixed.
- •US Supreme Court to rule on Trump tariffs today; verdict's impact on fiscal deficit and interest rates is key.
- •US Treasury Secretary Scott Bessent expects a mixed decision but believes tariff collection will continue, citing national security.
- •October US trade deficit lowest since 2009 at $29.4 billion, driven by reduced pharmaceutical imports.
- •Market awaits December's non-farm payrolls data at 7 PM, with an estimated 73,000 new jobs and potential unemployment rate drop.
Why It Matters: Global markets are volatile as investors eye US tariff verdict and crucial jobs data.
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