World Markets
14 Dec 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar near one-week high amid hawkish Fed hopes, Omicron fears
- Stocks fall as markets await central bank meetings
- Oil prices steady on demand concerns over Omicron spread
Currency
The dollar traded near a one-week high versus a basket of major rivals on Tuesday, supported by expectations of a hawkish Federal Reserve meeting this week and haven demand amid continued uncertainty about the Omicron coronavirus variant.
The dollar index , which measure the currency against six peers, was little changed at 96.416, after touching 96.450 on Monday for the first time since Dec. 7.
The Fed’s two-day meeting that begins later Tuesday headlines a string of central banks announcing policy decisions this week, including the European Central Bank and Bank of England on Thursday and the Bank of Japan on Friday.
The U.S. central bank is expected to announce it will wrap up its bond buying stimulus sooner than previously communicated, potentially setting up earlier interest rate increases next year
The euro was about flat at $1.12835 after touching a one-week low of $1.12605 overnight. Sterling was little changed at $1.3210, meandering for the past week near the one-year low of $1.31615 reached last week. The dollar changed hands at 113.545 yen , another safe haven, consolidating in the upper end of the pair’s trading range this month.
Equity
Global stock markets fell and the dollar gained ground on Monday as investors waited for news from a host of central bank meetings this week and mulled a future without the Fed’s safety net.
The FTSE index fell 0.83%. The pan-European STOXX 600 index lost 0.43% and MSCI’s gauge of stocks across the globe shed 0.80%. The Dow Jones Industrial Average fell 320.04 points, or 0.89%, to 35,650.95, the S&P 500 lost 43.05 points, or 0.91%, to 4,668.97 and the Nasdaq Composite dropped 217.32 points, or 1.39%, to 15,413.28.
Oil
Oil prices edged higher on Tuesday but price gains were capped due to investor worries about oil demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases.
Brent crude oil futures edged higher by 1 cent to $74.40 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 1 cent to $71.30.
India Stock Market
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the broader index in India with a loss of 137 points.
On December 13, the BSE Sensex fell 503.25 points, or 0.86 percent, to 58,283.42 while the Nifty50 declined 143 points, or 0.82 percent, to 17,368.30
Retail inflation rate rises to 4.91% in November 2021
The country’s retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.91 percent during the month of November 2021, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on December 13.
The inflation has increased sequentially, as it was recorded at 4.48 percent in October 2021.
Economic Events
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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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