07 April 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
Dollar retreats as profit-taking, falling yields hurt
Asian shares climb to three-week highs on vaccine optimism
Oil prices rise on stronger economic outlook, U.S. stockpile draw
The U.S. dollar fell to a two-week low against a basket of currencies on Tuesday, as traders booked profits after a strong March and as a fall in Treasury yields from recent peaks put pressure on the U.S. currency.
The U.S. Dollar Currency Index, which measures the greenback against a basket of six currencies, was 0.239% lower at 92.341, its lowest since March 23. Against the Japanese yen, the dollar slipped 0.29% to 109.855 yen, a one-week low.
A gauge of Asian shares climbed to three-week highs on Wednesday as investors eyed the upcoming earnings season for further signs of a global economic recovery, while the dollar slipped to a two-week low.
MSCI’s broadest index of Asia-Pacific shares outside of Japan was up 0.3% for its second straight day of gains. It went as high as 697.01, a level last seen on March 18. Japan’s Nikkei was a shade higher while Australian shares rose 0.6% and South Korea’s KOSPI added 0.5%. The Dow fell 0.3%, the S&P 500 lost 0.10% and the Nasdaq Composite eased 0.05%.
Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell.
Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.
Ø Reliance, other energy majors form hydrogen coalition
Ø India’s growth rate to jump to 12.5 per cent in 2021: IMF
Ø S&P Global raises Tata Steel Ratings to BB- on the back of strong operating performance
Ø Economic recovery still shallow, a month’s national lockdown can dent GDP by 2 pc: Report
Ø 86% insolvency cases pending over 270 days
Ø India to buy one-third less oil from Saudi Arabia
Ø FM calls for greater coordination among BRICS on IMF’s quota review
Ø Domestic passenger traffic slips to 10-year low in pandemic-hit FY21
Ø Lodha allots shares worth Rs 740 cr to anchor investors ahead of IPO
Ø Airtel to transfer 800 MHz spectrum in 3 circles to Jio for Rs 1,038 cr
Ø Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too
Ø Cement demand to surpass 340 million tonnes in FY22: ICRA
Ø PE funding dips 7.7% to $3.44 bn across 260 deals in Q1
Ø ‘Cairn dispute can’t be settled via Vivad se Viswas scheme’
Ø Tata Steel sales up 15% in Q4 on rise in demand
Ø Pitstop raises $3.5 million in pre-Series B funding led by Ventureast
Ø Sebi modifies framework for limited purpose clearing corporation by MFs
Ø Axis Bank becomes co-promoter of Max Life Insurance, to own 12.9% stake
Ø Brookfield, ADIA, CDPQ invest in Lodha’s anchor book ahead of IPO
Ø SuperBottoms raises $2 million in Series A funding
Ø IMF warns severe downside risk to India’s growth outlook
Ø Lendingkart Finance raises USD 15 mn funding from Netherlands’ FMO
Ø Nabard balance sheet grows 24% to Rs 6.57 lakh cr in FY21
Ø Northern Arc Investments exits first fund
Ø LG to exit loss-making mobile phone business worldwide
Ø GST mop-up hits record Rs 1.23 lakh crore in March
Major 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.