$#MarketPullback 🎤🎤As of Wednesday, June 4, 2025, market pullbacks are a significant topic, particularly in the context of global economic uncertainties and specific market dynamics.

Here's a full update:

Current Global Market Sentiment & Factors Driving Pullbacks:

*🗾🗾$BTC

Trade Tensions and Tariffs: Renewed and escalating trade tensions, primarily between the US and China, continue to be a major source of concern. The possibility of new tariffs and existing restrictions are creating uncertainty and affecting global growth forecasts. The OECD has downgraded its 2025 global growth forecast due to these trade barriers.

* 💸💸Economic Outlook Downgrades: International organizations like the OECD and the UN have revised down their global economic growth forecasts for 2025, citing factors such as heightened trade tensions, policy uncertainty, and slowing external demand, particularly in developing economies.

* Rising Oil Prices: Geopolitical tensions and decisions by OPEC+ have led to an increase in crude oil prices, adding to inflation concerns.

* China's Manufacturing Activity: A surprising sharp drop in China's May manufacturing activity has raised concerns about global demand and export weakness.

* 💳💳Credit Concerns in the US: Reports of millions of Americans facing bad credit due to missed student loan payments are raising worries about consumption and the broader economic health.

* Profit Booking and Valuation Concerns: After periods of strong rallies, some markets are experiencing profit booking, particularly in sectors where valuations are perceived as stretched.

Specific Market Reactions (as of June 3-4, 2025):

* Indian Stock Market: The Indian stock market experienced a pullback on Tuesday, June 3, 2025, with the Nifty 50 and BSE Sensex closing lower due to weak global cues, stretched valuations, and foreign capital outflow. Analysts suggest that the Nifty is eyeing a potential pullback above 24,600 with support at 24,450 levels.