World Markets
03 January 2022
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Equity Markets start the new year on a positive note
- Oil starts new year on positive note, pandemic worries curb gains
Indian Rupee
The Indian rupee is expected to decline against the dollar today amid expectations that the Reserve Bank of India is unlikely to allow the local currency to appreciate significantly from current levels.
The rupee is tipped at around 74.42-74.744 at open, down from 74.33 on Friday. On Friday, the currency had climbed to an intraday high of near 74.10 before the RBI apparently stepped in to buy dollars.
Equities
Shares in Asia rose in Monday morning trade, as trading in 2022 kicked off on a positive note. Some major markets in the region are closed. Hong Kong’s Hang Seng index traded 0.2% higher.
South Korea’s Kospi gained 0.94% while the Taiex in Taiwan advanced 0.29%. Over in Southeast Asia, the Straits Times index climbed 0.4%.
Oil
Oil prices rose on Monday as the market kicked off 2022 on a positive note, although concerns over demand waning due to rapidly spreading COVID-19 pandemic limited gains.
Brent crude added 67 cents, or 0.86%, to $78.45 a barrel. U.S. West Texas Intermediate crude futures gained 77 cents, or 1.02%, to $75.98 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.
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