28 December 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Safe-haven yen sinks to one-month low as Omicron worries ebb
- Japan’s Nikkei 225 leads gains as Asia stocks rise after S&P 500 closes at new record overnight
- Oil prices rise to highest level in a month as Omicron concern eases
India Stock Market
The Indian stock market is expected to open in the green as trends on the SGX Nifty indicate a positive opening for the index in India with a 78-point gain.
The BSE Sensex jumped 296 points to 57,420, while the Nifty50 recovered 253 points from the day’s low and settled with 82.50 points gain at 17,086
The yen traded near a one-month low to the dollar on Tuesday as safe-havens fell out of favour following Wall Street’s rally to a record high overnight, with Omicron uncertainty consigned to the background.
The Japanese currency weakened as far as 114.935 yen per dollar for the first time since Nov. 26, approaching the year-to-date low of 115.525 reached Nov. 24. The dollar index , which measures the currency against six major rivals, was little changed from the previous session at 96.076.
The U.S. dollar, also viewed as a safe-haven, continued to languish toward the bottom end of its recent trading range versus a basket of peers, even after a hawkish tilt at the Federal Reserve that had policy makers signalling three quarter-point interest rate increases next year.
Shares in Asia rose in Tuesday morning trade after the S&P 500 notched yet another record close on Wall Street overnight.
Japan’s Nikkei 225 led gains among the region’s major markets as it gained 1.07% while the Topix index advanced 0.98%. Hong Kong’s Hang Seng index hovered above the flatline.
In mainland China, the Shanghai composite was slightly higher while the Shenzhen component advanced 0.239%.
South Korea’s Kospi was little changed. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% higher.
Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022, even as surging cases caused flight cancellations.
Global benchmark Brent crude rose $2.46, or 3.2%, to settle at $78.60 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.78, or 2.4%, to settle at $75.57 a barrel.
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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.