World Markets
12 August 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar off 4-month high as cooling inflation eases pressure for Fed
- Asian markets higher as currencies rise on weaker dollar
- Crude futures settle higher and add gains on U.S. policy
Currency
The dollar held near a four-month peak against major peers on Thursday after retreating overnight as a cooling in consumer inflation tempered bets for an earlier tightening of U.S. monetary policy.
The dollar index , which measures the greenback against a basket of six rivals, was little changed at 92.890, following a 0.19% decline from Wednesday, when it rose as high as 93.195, a level not seen since April 1.
The euro was little changed at $1.1740 after retreating from a four-month low of $1.1706 on Wednesday, which brought it just two tenths of a cent from the weakest level since early November. The dollar eased 0.07% to 110.355 yen , continuing to pull back from a five-week high of 110.80 reached overnight.
Equity
Asia-Pacific stocks were little changed on Thursday, as U.S. markets again notched highs after data showed inflation was not as bad as feared. The dollar weakened while Asian currencies rose.
Chinese stocks were subdued in early trade. The Shanghai composite was flat, while the Shenzhen component was below the flatline. Hong Kong’s Hang Seng index was down 0.44%. The Nikkei 225 in Japan rose 0.25%, while the Topix was up 0.29%. In South Korea, the Kospi marginally rose. Australia’s S&P/ASX 200 was just above the flatline. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.28%.
The 30-stock Dow gained 220.30 points, or 0.6%, to 35,484.97 to close at a new record. The S&P 500 traded up 0.2% to 4,447.70, also notching an all-time high. The technology-heavy Nasdaq Composite slipped more than 0.1% to 14,765.14.
Oil
Oil futures settled higher on Wednesday, changing course after the Biden administration said it would not call on U.S. producers to increase crude output, and that efforts to increase OPEC production were a longer-range plan.
Brent settled up 81 cents, or 1.15%, at $71.44 a barrel, and continued to tick upward in thin volumes during post-settlement trade. U.S. West Texas Intermediate (WTI) settled up 96 cents, or 1.41%, at $69.25 a barrel, after a 2.7% jump on Tuesday.
Business News
Economic Times
Income Tax department to refund excess interest, late fee paid while filing FY21 ITR
PwC India to create 10,000 additional jobs in next 5 years
Dream Sports sets up $250 million corporate venture fund
Yes Bank to float asset reconstruction company, invites bids from investors
NTPC plans to raise term loans worth up to Rs 5,000 crore
PNB Housing Finance plans Rs 35,000 cr debt capital as Carlyle deal hangs fire
Essar Shipping’s loss widens to Rs 311 cr in Jun quarter
Rupa posts 32% jump in Q1 net profit to Rs 27 crore
Food grain output to touch new record of 308.65 million tons in 2020-21, says government
IT startup Nirmata raises $4 million in funding led by Z5 Capital
Grip Invest raises Rs 21 crore from Venture Highway, others
Business Standard
Meesho becomes India’s most downloaded app across all categories
Canada’s Brookfield to buy 30-acre land in Navi Mumbai for Rs 600 crore
ReNew Power enters hydro sector, acquires Larsen & Toubro unit
RBI’s surplus funds can be used for road projects, says Nitin Gadkari
Operating CPSEs’ net profit declines 34.6% to Rs 93,295 crore
RoDTEP tax refund rates likely by Friday, says Commerce Secretary
Rs 6 trillion asset monetisation plan in the offing, says DIPAM secretary
Non-life insurers’ premium up 19.46% at Rs 20,000 crore in July
AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO
KFC, Pizza Hut operator Sapphire Foods files IPO papers with Sebi
India’s largest online pharmacy PharmEasy mulls $1 billion IPO: Report
Senate Democrats pass $3.5-trillion budget blueprint: Report
Railways entrusts RLDA to redevelop 49 additional railways stations
Financial Express
Agriculture sector records new business registration growth at 103% in FY21
Singapore economy grew 14.7% in 2Q from low base a year ago
RBL Bank gets RBI accreditation to conduct government transactions
CESC’s net profit jumps 34 pc to Rs 280 cr in June quarter
Fuel demand rebound to drive earnings of oil firms: Moody’s
Fintechs attract record $2 billion in H1: Report
Stellaris closes 2nd fund at USD 225mn, to make 25-30 seed, Series A investments
Chintels to invest about Rs 400 cr on new commercial realty project in Gurugram
Spread between T-bill, benchmark bond widens on surplus liquidity
Franklin Templeton MF says returned Rs 21,000 cr to investors of 6 shuttered schemes
Sebi eases operational procedure to make fee payments
Mint
Edelweiss raises ₹1,500 cr for pre-IPO fund
US July budget deficit hits $302 billion as spending remains high
Oracle set to expand cloud services to public sector business
White House urges OPEC to boost oil output amid covid-19 economic recovery
India set to fast-track FTAs with six nations
Pickrr raises $12 million in Series B round led by IIFL, Amicus Capital
India’s cooking gas cylinder customer base at 29.11 crore
Mumbai airport registers a 59% sequential passenger growth in July
Twenty states carried forward unutilised borrowings of ₹2.6 tn to FY22: Icra
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Disclaimer : All information in this report is collected from various sites on internet. Although we have taken all precautions for correct representation of data however we do not take any responsibility for any errors and omissions. The technical analysis and views expressed is authors own views. We are not responsible for any losses on account of following the same.
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