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Before Market Opens: 9 essential things to know at 9 am on May 29, 2024

Before Market Opens: Indian markets are set to open on a lower note on Wednesday following rise in bond yields and fall in Asian markets ahead of US GDP data due tomorrow. Meanwhile, Gift Nifty was down 38 points. Lets take a look at some key cues before the market opens today:
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Treasury Yields Soar, Oil and Dollar Surge Amid Market Uncertainty

U.S. Treasury yields hit a near four-week peak, spurring Asia-Pacific yields and the dollar while pressuring equities. Crude oil climbed for a fourth consecutive day, supported by OPEC+ production cut speculations. Investors face uncertainty over Federal Reserve rate cuts, impacted by mixed economic indicators and consumer confidence data.
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