26 April 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
Dollar holds weak bias on expectations Powell will shun tapering
Asia-Pacific stocks mixed as investors monitor Covid situation in India
Oil inches lower on concerns over COVID-19 surge in India, Japan
The dollar nursed losses against most currencies on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week.
The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business sentiment, which would bolster hopes for a brighter economic outlook.
The dollar stood at 107.88 yen, close to its lowest since March 4. The euro rose to $1.2105, adding to gains made on Friday after positive data on European services and manufacturing activity. The British pound was quoted at $1.3876 following a 0.3% gain in the previous session.
Shares in major Asia-Pacific markets were mixed in Monday morning trade as investors continue to watch the Covid situation in India.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.31% higher. In Japan, the Nikkei 225 gained 0.2% while the Topix index rose 0.13%. South Korea’s Kospi advanced 0.48%.
Mainland Chinese stocks also rose, with the Shanghai composite up 0.18% and the Shenzhen component gaining 0.602%. Hong Kong’s Hang Seng index, on the other hand, shed 0.15%. Over in Australia, the S&P/ASX 200 sat fractionally lower.
Oil prices eased slightly on Monday on concerns that a resurgence of coronavirus infections in India and Japan, the world’s third and fourth largest oil importers, would cut fuel demand in Asia.
Brent crude futures fell 8 cents, or 0.1%, to $66.03 a barrel , following a 1.1% rise on Friday. U.S. West Texas Intermediate (WTI) crude futures were down 4 cents, or 0.1%, at $62.10 a barrel, after rising 1.2% on Friday.
Ø Oil ministry tells ONGC to sell oilfields; hive off drilling, other services
Ø Richer nations in Asia-Pacific may recover faster than poorer counterparts post pandemic: Report
Ø India’s top life insurers – LIC, ICICI, HDFC, SBI – are set to invest in InvITs, REITS
Ø UK sending ‘vital medical equipment’ to India to aid Covid fight
Ø DPIIT’s control room started working from April 24; gets 12 queries on day one
Ø Morepen Labs betting big on diagnostics devices segment: CMD
Ø RIL in talks with VRV Asia Pacific to buy tankers for liquid medical oxygen
Ø Commercial viability alone must drive bank stakes in insurance: Irdai chief
Ø GoAir bets on ultra-low-cost carrier model to consolidate market position
Ø Samsung unit considers $673 million solar power plants in Texas -documents
Ø Green certificates trading shrinks to 920,000, 6 mn inventory piles up
Ø Big groups plan O2 storage, transport; PM Cares Fund for 551 plants
Ø ITC to airfreight oxygen containers from Asian countries
Ø SP Group files review petition before Supreme Court
Ø DBS in ‘advanced talks’ to buy Citi’s consumer banking business in India
Ø Franklin Templeton investors to get ₹2,000 cr next month
Ø Srei Infra appoints KPMG as forensic auditor for its debt restructing plan
Ø State-run oil firms to set up medical oxygen generation plants at 93 locations
Ø HCL Tech to shift workload from India to deal with Covid-19 surge
Ø Credit Suisse’s $5.5 billion Archegos hit enters big league of bank losses
Ø 100 million first-time borrowers likely to apply for loans every year: Cibil
Ø Over 81pc wheat area harvested; pulses & oilseeds harvest over amid pandemic: Govt
Ø Steel makers produce 3,474 ton/day liquid oxygen, more than capacity
Ø Bharat Biotech Announces Covaxin Prices; Rs 600 For State Govts, Rs 1200 For Pvt Hospitals
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