Market Cues Today: Trump-Xi Meeting, ECB Interest Rate, Among Other Factors To Watch

The Sensex and Nifty ended lower on October 30, 2025, tracking weak global cues and cautious investor sentiment. The Nifty 50 slipped 176.05 points, or 0.68 per cent, to close at 25,877.85, while the Sensex fell 592.67 points, or 0.70 per cent, to end at 84,404.46.

Selling pressure intensified after US Federal Reserve Chair Jerome Powell’s comments hinted at limited scope for further rate cuts, weighing on global markets and dampening investor mood back home.

In trade on October 31, several global cues are likely to influence the action on the D-Street. Here’s a quick look at these.

Trump-Xi Meeting

US President Donald Trump on October 30 said he had a “very successful meeting” with Chinese President Xi Jinping in the South Korean city of Busan, describing the Chinese leader as a “tough negotiator.”

Although the two leaders didn’t sign a deal, Trump sounded optimistic about progress, saying an agreement could be reached “pretty soon” and that there were “not too many major stumbling blocks.” He also said he would visit China in April, while Xi is expected to visit either Florida or Washington “some time after that.”

One of the key topics discussed was rare earth materials, which is essential for manufacturing electric vehicles, wind turbines, and other high-tech products. A White House official who accompanied Trump said both sides had come to “an understanding,” and that China is “not going to impose the rare earth controls that they proposed.”

ECB Interest Rates

The European Central Bank (ECB) on October 30 left interest rates unchanged at 2 per cent for the third consecutive meeting, and maintained that policy remains in a “good place” as economic risks ease and the euro zone continues to show resilience.

The ECB has paused since June after cutting rates by a total of two percentage points over the past year.

US Stock Market

Overnight, Wallstreet's three main indices closed lower, led by declines in shares of Meta and Microsoft amid concerns over rising AI-related spending.

The Dow Jones slipped 0.23 per cent, the S&P 500 fell 0.99 per cent, while the Nasdaq Composite tumbled 1.57 per cent.

Asian Stock Markets

Asian stock market key indices traded mixed in early trade following Trump-Xi meeting and tracking cues from Wall Street.

While Japan's Nikkei 225 and South Korea's Kospi traded higher by around 1.25 per cent and 0.50 per cent, respectively, China's CSI 100 was down nearly 1 per cent, and Hong Kong-based Hang Seng traded lower by 0.80 per cent.

Crude Oil Price Today

Brent Crude Oil futures slipped 0.68 per cent in early trade today to quote at Rs 63.93 per barrel. The West Texas Intermediate (WTI) Crude Oil futures, too, traded lower by 0.71 per cent at $60.14 per barrel.