19 April 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
Dollar pinned near one-month low amid subdued U.S. yields
Asian shares near 1-1/2 week highs, Bitcoin recoups losses
Oil falls amid surging coronavirus infections in India, other countries
The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.
The dollar index, which tracks the currency against six rivals, was at 91.684, not far from the low of 91.484 marked last week, a level not seen since March 18. The greenback bought 108.74 yen, near the lowest since March 24. The euro changed hands at $1.19565, near the highest since March 4.
Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.
MSCI’s broadest index of Asia-Pacific shares outside Japan was last at 695.59, within striking distance of Friday’s high of 696.48 – a level not seen since Apr. 7. Australian shares were 0.25% higher while New Zealand’s benchmark index and South Korea’s KOSPI added 0.4% each. Japan’s Nikkei eased 0.4%.
On Friday, the S&P 500 gained 0.4% to close at a new record high while clocking its sixth straight weekly gain. The Dow finished 0.5%, also at a record high while the Nasdaq climbed 0.1%.
Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with demand for commodities such as crude.
Brent crude was down 43 cents, or 0.6%, at $66.34 a barrel , after rising 6% last week. U.S. oil was down 42 cents, or 0.7%, at $62.71 a barrel, having gained 6.4% last week.
Ø Brokerages downgrade India’s GDP growth projections for FY’22 amid resurgence of Covid cases
Ø Expect Religare Finvest’s debt restructuring to be over in 2 months, says official
Ø India’s power consumption grows nearly 45% in first half of April
Ø COVID-19 hits passenger vehicle exports; shipments tumble 39% in FY21
Ø RCom lenders may challenge NCLAT order
Ø Govt bans supply of oxygen to industries
Ø Domestic steel output to take hit as plants divert oxygen for medical use
Ø India to become top electric vehicle maker in the world: Nitin Gadkari
Ø Future Retail lenders okay debt recast plan with repayment up to two years
Ø NBFCs seek extension of MSME restructuring scheme till March 2022
Ø Bank FDs in spotlight as returns of liquid funds hit two-decade low
Ø India can be winner of new form of globalisation: Experts
Ø SBI Caps to be transaction advisor for privatisation of JNPT’s container terminal
Ø BHEL to procure 300 products worth ₹3,000 cr from MSMEs
Ø China’s economic growth surged to 18.3% as activity revived
Ø Individual CAs/firms cannot retain two consecutive audit rotation cycles
Ø Commerce Min to meet exporters on Apr 20 to discuss export scenario
Ø Tata Steel, SAIL, AMNS India supplying oxygen for treatment of Covid-19 patients
Ø Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid
Ø Razorpay’s valuation triples in six months on latest fundraise
Ø Bitcoin suffers big fall, down most in more than seven weeks
Ø Exports by STPI units seen at Rs 5 lakh cr in pandemic-hit FY21 amid rapid digitisation
Ø India takes ‘Whole-of-Government’ Approach against COVID-19
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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.