India, Aug. 26 -- Trading on Tuesday may be impacted by reaction to the latest U.S. economic data, including
Reports on durable goods orders and consumer confidence might be the focus on Tuesday. Asian shares broadly lower, while European shares are trading mostly down.
In an unprecedented move President Donald Trump issued a letter firing Fed Governor Lisa Cook. Meanwhile, Cook said the president doesn't have the 'authority' to fire her.
Investors might also be reacting to tariff challenges and geopolitical developments. On Monday, Trump has said that US has incredible cards that could destroy China. Meanwhile U.S. administration is going forward to implement 50 percent tariff on India and will be effective from August 27 12.00 ET.
As ...