World Markets

World Markets

21 January 2022

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

  • Dollar reverses losses, shows modest gain following 10-year TIPS auction
  • Asia-Pacific stocks fall, tracking Wall Street declines
  • Crude prices edge lower, though supply concerns still dominant

World MarketsIndian Rupee

The rupee is seen declining versus the dollar today, after Asian shares dropped on concerns the Federal Reserve would quicken the pace of interest rate increases amid mounting inflation fears.

The rupee is expected around 74.55-74.60 in early trades, compared with 74.50 yesterday. The local currency this week has traded in the 74.15-74.70 range, amid dollar inflows related to overseas bond issuance, weaker risk appetite, concerns over oil prices and a rebound in the dollar index.

Currency

The dollar fluctuated but remained rangebound on Thursday as this week’s upward trajectory of U.S. Treasury yields took a breather.

While the dollar initially edged lower following the release of disappointing economic data, the greenback reversed its losses after benchmark Treasury yields partially recovered in the wake of a 10-year TIPS auction which showed soft foreign demand for the notes.

The Euro was last at $1.1313, below an earlier high of $1.1369. The pound was 0.03% higher at $1.3615 and the yen was nominally lower at 114.14 per dollar. The Aussie firmed 0.41% to $0.7241, extending advances from the previous day, and the Canadian dollar reversed earlier gains, with one U.S. dollar worth C$1.2474.

Equity

Asia-Pacific markets fell on Friday, tracking declines on Wall Street overnight.

Japan’s Nikkei 225 fell 1.54%, retreating slightly from a 2% decline earlier. The Topix was down 1.33%. Australia’s ASX 200 fell 1.53% as major miners and banks declined. Over in South Korea, the Kospi was down 1%. Taiwan’s Taiex fell 1.13%. Hong Kong’s Hang Seng index slipped 0.23% in early trade.

Oil

 Oil edged lower on Thursday, posting slim losses after several days of strength that pushed benchmarks to seven-year highs due to concerns about tight supply.

Brent crude futures settled down 6 cents to $88.38 a barrel. The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark is up 13% on the year so far. U.S. West Texas Intermediate (WTI) crude futures for February delivery lost 6 cents to $86.90 a barrelon the last day of the contract’s life. WTI is up 15% so far this year.

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/