27 April 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
Dollar near multi-week lows before Fed, bitcoin reclaims $54,000
Asian shares wobble ahead of Fed outcome and earnings
Oil rises, but gains capped by demand concerns as India reels from COVID-19
The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields, as investors consolidated positions ahead of the Federal Reserve’s policy decision this week.
The dollar index, which tracks the U.S. currency against six peers, was little changed at 90.859 early in the Asian session, after dipping to the lowest since March 3 overnight at 90.679.
No change to policy is expected when the Federal Open Market Committee ends its two-day meeting on Wednesday, but the market will pay close attention to comments from Chairman Jerome Powell, who is likely to face questions over whether improving conditions warrant a withdrawal of monetary easing.
Asian shares fell and U.S. stock futures were steady on Tuesday as caution ahead of a U.S. Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the COVID-19 blow.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.14%. Australian stocks dropped 0.51%, but shares in China were little changed. Stocks in Tokyo edged 0.11% lower. S&P 500 e-mini stock futures rose 0.07%.
Oil prices bounced back early on Tuesday from drops in the previous session, but gains were seen likely capped by growing concern about fuel demand in India, the world’s third-biggest crude importer now slammed by spiralling new coronavirus cases.
Brent crude was up 26 cents, or 0.4%, at $65.91 a barrel , after dropping 0.7% on Monday. U.S. oil gained 23 cents, or 0.4%, to $62.14, having declined by the same amount the previous session.
Major Economic Events
Subscribe to our Newsletter
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.