World Markets

World Markets

13 January 2022

World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.

  • Dollar breaks key support, rates outlook seen unchanged by inflation data
  • Asia-Pacific markets were mixed on Thursday as Wall Street saw gains despite a red-hot inflation report.
  • Oil rises 2% on U.S. crude drawdown, weaker dollar

World MarketsIndian 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 119-points gain.

On January 12, the BSE Sensex reclaimed the 61,000-level, rising 533 points to 61,150, while the Nifty50 jumped 156.50 points to 18,212

Currency

The dollar was below key support levels on Thursday, having hit new lows overnight, after data showing U.S. consumer prices rose at their fastest rate in nearly 40 years was not deemed worrying enough to change an already hawkish rates outlook.

After a couple of months in a tight range, the dollar dropped 0.6% on the euro overnight to $1.1453, its lowest since mid-November. It also fell 0.6% on the yen , dropping through support around 115 to hit 114.38 yen per dollar, a more than two-week low. It last bought 114.63 yen early on Thursday.

Equity

Asia-Pacific markets were mixed on Thursday as Wall Street saw gains despite a red-hot inflation report that set market expectations for rate hikes. Meanwhile, Covid worries also came into focus as the World Health Organization warned that omicron cases are “off the charts.”

Japan led losses in the region, as the Nikkei 225 fell 0.8% after jumping nearly 2% on Wednesday, while the Topix lost 0.49%. Over in South Korea, the Kospi was down 0.15%. The Shanghai composite was flat, while the Shenzhen component fell 0.77%. Hong Kong’s Hang Seng index bucked the trend, rising 0.26%. Australia’s ASX 200 rose 0.64%

Oil

Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world’s top consumer, fell to their lowest since 2018, and as the dollar weakened and worries eased about the Omicron coronavirus variant.

U.S. crude inventories fell 4.6 million barrels last week to 413.3 million barrels, their lowest since October 2018. Brent crude futures settled up 95 cents, or 1.1%, at $84.67 a barrel. U.S. West Texas Intermediate (WTI) crude futures were up $1.42, or 1.8%, at $82.64.

Economic Events

World Markets - 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.

 

Sources

https://www.reuters.com/

https://in.investing.com/