World Markets
18 January 2022
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar edges up as traders assess Fed rate hike bets
- Asia-Pacific markets trade higher as expectations for faster central bank tightening rise
- Oil climbs as supplies expected to remain tight
Indian Rupee
The Indian rupee is expected to trade little changed against the U.S. currency today amid a further rise in Treasury yields and concerns over crude oil prices.
The rupee is tipped at around 74.25 in initial trades after slipping to 74.24 yesterday.
Currency
he dollar edged higher on Monday as traders continued to hold on to dollars but took the view that Federal Reserve tightening plans were largely priced in, while the euro eased from Friday’s two-month high.
The U.S. dollar index , which declined sharply last week until Friday’s leap, rose 0.1% to 95.323 The Japanese yen changed hands at 114.55, strengthening from an earlier level around 114.63. The Australian dollar rose 0.12% to $0.7219.
Equity
Asia-Pacific markets mostly rose Tuesday following a quiet day on Wall Street where the U.S. markets were closed for a public holiday.
In Japan, the benchmark Nikkei 225 climbed 0.84% and the Topix index rose 0.5%. Hong Kong’s Hang Seng index advanced 0.48% while the tech-focused Hang Seng Tech index added 1.72%. Chinese mainland shares also rose: The Shanghai composite was up 0.47% while the Shenzhen component added 0.36%.
Oil
Oil prices rose on Monday with investors betting that global supply will remain tight, although restraint by major producers was partially offset by a rise in Libyan output.
Brent crude settled up 42 cents, or 0.5%, to $86.48 a barrel. Earlier in the session, the contract touched its highest price since Oct. 3, 2018, at $86.71. U.S. West Texas Intermediate crude was up 53 cents, or 0.6%, at $84.35 after touching its highest price since Nov. 10 at $84.78.
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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