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Equity
U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.


U.S. stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.

Japan’s Nikkei slid 0.8 percent, with benchmark indexes in South Korea and Australia down 0.6 percent and 0.2 percent, respectively.

Currency

Currencies were steadier, with major currencies little changed so far.

The euro traded flat at $1.1347 while the dollar dipped 0.1 percent against the yen to 113.01 . The yuan is also unmoved at 6.8660 in the offshore trade

Treasury

The benchmark Treasury 10-year yield US10YT=RR fell to its lowest point since mid-September on Tuesday while the five-year yield dropped below the two-year yield, causing a so-called inversion in the yield curve.

Yesterday RBI Kept Rates unchanged @ 6.50% but cut SLR for next 6 qtr at 0.25bps each quarter. This will infuse more liquidity in Banking Sector

Oil

Oil prices dipped on Wednesday ahead of a meeting of the world’s biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.

Brent crude futures fell 52 cents to settle at $61.56 a barrel after earlier reaching a session high of $63.29 a barrel and a low of $60.80.

U.S. West Texas Intermediate (WTI) crude futures fell 36 cents to settle at $52.89 a barrel. The contract traded between $54.44 a barrel and $52.16 a barrel during the session.

Source Reuters

Published by prashanti forex

Prashanti Forex is managed by a certified treasury professional with an experience of more than 15 years in Finance and Advisory Business. His expertise come from various organisations, where he has gained knowledge and deep understanding of financial environment. His Principle Objective is providing customised advise with excellent service, committing a relationship based on integrity, understanding, honesty and trust. We are glad to offer you a boutique of services which will enable your organisation to enhance the profitability and efficiently manage the business risks. Our Services are : Treasury & Risk Management Solutions Trade Finance Wealth Management

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