World Markets
16 April 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar dips to four-week low as yields pull back; rouble sinks
- Asia shares look to China data as global economic recovery hopes underpin world shares
- Oil edges up to fresh 4-week highs as demand outlook improves
Currency
The U.S. dollar sank to a four-week low against other major currencies on Thursday as Treasury yields pulled back from last month’s surge, with investors increasingly convinced the Federal Reserve will keep interest rates low for some time.
The Russian rouble sank more than 1% to 76.65 per dollar on reports the U.S. will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity.
The dollar index , which tracks the it against six other currencies, dipped to its lowest since March 18 at 91.535 in the European session before recovering to be basically flat at 91.590.
The euro rose as high as a four-week top of $1.1990, matching the highest level since March 4, before trading little changed at $1.19735. The dollar changed hands at 108.87 yen , after hitting a three-week low of 108.755 on Wednesday.
Equity
Asian shares were little changed on Friday ahead of a raft of Chinese economic data, while world stocks on the whole flew at a record level, fuelled by strong U.S. economic data that may herald a solid recovery ahead.
MSCI’s broadest index of Asia-Pacific shares outside Japan were little changed while Japan’s Nikkei ticked up 0.2%. On Wall Street, the S&P 500 advanced 1.11% while the tech-heavy Nasdaq Composite added 1.31%, nearing its record peak set in February.
Oil
Oil prices edged up to fresh four-week highs on Thursday on positive U.S. economic data and higher demand forecasts from the International Energy Agency (IEA) and OPEC as countries start to recover from the COVID-19 pandemic.
After rising almost 5% on Wednesday, Brent futures rose 36 cents, or 0.5%, on Thursday to settle at $66.94 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.5%, to settle at $63.46.
Financial News
Business Standard
Ø WPI inflation spikes to over 8-year high of 7.39 per cent in March
Ø India’s exports surge 60% in March, fall by 7.2% in FY21
Ø US jobless claims plunge to 576,000, lowest since pandemic
Ø Mukesh Ambani’s Reliance diverts oxygen for COVID fight, trucks stuck in Gujarat
Ø RBI sets up RRA to streamline regulations and reduce compliance
Ø IL&FS addresses debt of Rs 43,000 crore, raises recovery estimate to Rs 61,000 crore
Business Line
Ø Wipro Q4 profit jumps 28% YoY to Rs 2,972 crore; revenue rises 3.4%
Ø India’s 10-year yield spikes as RBI bond-purchase results disappoint
Ø PFRDA set to provide a better option than annuities to NPS members
Ø Four entities apply for universal bank, four others for SFB licence
Ø Citigroup to exit retail banking operations in India, 12 other countries
Ø Private equity, VC investments rise 64% to $8.3 bln in March qtr: Report
Mint
Ø Tata Steel to rejig Corby tube plant in UK
Ø Amazon unveils $250 million Smbhav Venture Fund for start-ups, entrepreneurs
Ø Expenditure Dept gets direct control over Public Financial Management System
Ø Worldwide semiconductor revenue grew 10.4% in 2020: Gartner
Ø Ashok Leyland incorporates new unit for freight business
Ø Hindustan Copper raises ₹500 crore via QIP
Financial Express
Ø CSC, Tata Power to set up 10,000 solar micro grids in rural areas
Ø Spintly raises Rs4.6 crore in funding led by Riso Capital
Ø PepsiCo reports mid-single digit revenue growth in India
Ø FIIs net sellers of equities in April so far as macro uncertainties loom
Ø Cotton exports to jump 20 pc in 2020-21 season: CAI
Ø Assets under NPS rose to 38% YoY till March 2021: PFRDA
Business World
Ø Non-food credit growth slips below 6%
Ø Traders’ body CAIT calls for 10-day lockdown in national capital to curb COVID cases
Ø Green hydrogen auctions, purchase obligations in the offing
Ø Sensex Ends Higher By 260 Points Led By IT And Pharma Stocks
Ø Rupee Gains 12 Paise To Close At 74.93 Against US Dollar
Ø India Inc’s Outward FDI Halves To $1.93 Bn In Mar
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.
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