30 December 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar, yen soft in thin trading after U.S. equities hit record highs
- Asia-Pacific stocks mostly rise
- Oil prices edge higher as US oil inventories fall
India Stock Market
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 30-point gain.
The BSE Sensex was down 91 points at 57,806.5, while the Nifty50 fell 20 points to 17,213.6
The Indian rupee is expected to strengthen against the U.S. currency today after the dollar index dropped to its lowest level in almost a month.
The rupee is tipped at around 74.60-74.62 after slipping to 74.74 yesterday. The currency’s decline came after a seven-day winning run that helped a swift recovery from below 76 levels.
The dollar and yen were at the low end of their recent ranges in thin holiday trading on Thursday, having fallen overnight as investors favoured riskier currencies along with equities.
The euro was at $1.1352 in early Asian trading, after gaining 0.35% and touching a one-month high the day before. The sterling was at 1.3500, its highest since Nov. 19 after a 0.44% overnight gain. This left the dollar index , which measures the greenback against major peers, at 95.862, languishing near its lowest in a month.
Shares in Asia-Pacific were mostly higher in Thursday trade after gains overnight on Wall Street led to a record close for both the S&P 500 and Dow Jones Industrial Average.
Hong Kong’s Hang Seng index advanced 0.48%. Mainland Chinese stocks were also higher, with the Shanghai composite up about 0.5% and the Shenzhen component gaining 0.852%. The Nikkei 225 in Japan fell 0.12% while the Topix index hovered above the flatline. South Korea’s Kospi climbed 0.06%. In Australia, the S&P/ASX 200 slipped 0.13%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.28% higher.
Oil prices rose on Wednesday, after government data showed U.S. crude and fuel inventories fell last week, offsetting concerns that rising coronavirus cases might reduce demand.
Brent crude rose 29 cents to settle at $79.23 a barrel. U.S. West Texas Intermediate (WTI) crude rose 58 cents to settle at $76.56 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.