04 October 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar retreats from highs as focus turns to payrolls
- Asia-Pacific stocks mixed after Merck announces new Covid treatment
- Oil falls ahead of OPEC+ supply policy meeting
The dollar eased from last week’s peaks on Monday as encouraging trial results for a COVID-19 pill supported risk appetite, but investors remained cautious ahead of central bank meetings in Australia and New Zealand as well as U.S. labour data this week.
The euro crept back above $1.16, and was up 0.1% at $1.1606, a recovery from last week’s 14-month low of $1.1563. The yen has also bounced from a 19-month low and was similarly up 0.1% in Asia trade at 110.92 per dollar.
Sterling rose 0.25% to $1.3568, a third consecutive session in the green after a sharp drawdown last week when traders shrugged off hawkish central bank rhetoric to focus on a sour outlook and the risk of both higher rates and inflation. The Australian dollar was up 0.1% to $0.7273 and kiwi was marginally firmer at $0.6952.
Shares in Asia-Pacific were mixed in Monday morning trade after Merck announced its new Covid oral antiviral treatment that cuts the risk of hospitalization or death.
Hong Kong’s Hang Seng index fell 0.78%. Trading in the Hong Kong-listed shares of China Evergrande was halted on Monday as investors continue to monitor the situation surrounding the indebted developer. In Japan, the Nikkei 225 shed 0.57% while the Topix index dipped 0.24%. Australian stocks jumped, with the S&P/ASX 200 up 1.14%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% higher.
Oil fell on Monday ahead of an OPEC+ supply policy meeting that may decide whether a recent rally in prices can be sustained as the world fitfully recovers from the COVID-19 pandemic.
Brent crude was down 24 cents or 0.3% at $79.04 per barrel . It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil dropped by 27 cents or 0.4% to $75.61, after rising for the past six weeks.
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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.