06 May 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar holds near two-week high, U.S. jobs data eyed for Fed clues
- Japan, South Korea and Hong Kong stocks rise as investors look ahead to the U.S. jobs report
- Oil prices fall as U.S. gasoline stocks rise for a fifth week
The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus.
The dollar index, which measures the U.S. currency against six major peers, was little changed at 91.316 on Thursday, after rising as high as 91.436 in the previous session for the first time since April 19. It had dipped as low as 90.422 on April 29.
The euro traded at the psychologically important $1.20 mark on Thursday, after dipping to $1.1986 on Wednesday for the first time since April 19. The dollar bought 109.34 yen, consolidating after rallying as high as 109.695 on Monday, a level not seen since April 13.
Asia-Pacific stock markets were mostly higher on Thursday as investors look to the U.S. jobs report this week for clues about how long the Fed will stay on hold.
Japanese markets returned to trade for the first time this week after being closed for public holidays. The benchmark Nikkei 225 jumped 1.98% while the Topix index was up 1.97%. South Korea’s Kospi, which was also closed in the previous session, rose 0.7%. In Hong Kong, the Hang Seng index was up 1.15%.
Chinese mainland shares traded for the first time in May after being shut for public holidays. The benchmark Shanghai composite rose 0.21% while the Shenzhen component declined 0.87%. Meanwhile, Australia’s ASX 200 slipped nearly 0.6% as most sectors were in negative territory.
Oil prices fell on Thursday as gasoline inventories in the United States, the world’s largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices.
Brent crude oil futures fell by 16 cents, or 0.2%, to $68.80 barrel , and U.S. West Texas Intermediate (WTI) crude futures dropped by 20 cents, or 0.3%, to $65.43 a barrel.
Ø RBI turns focus to small borrowers, allows another loan recast
Ø Cabinet approves strategic disinvestment in IDBI Bank
Ø Govt eases procedure for import of oxygen cylinders, cryogenic tankers
Ø CCI orders probe against Tata Motors for alleged unfair biz practices
Ø Andhra decides to sell stake in Gangavaram Port to Adani for Rs 645 cr
Ø Ceat to make a fresh investment of Rs 1200 crore in truck and bus plant
Ø India’s services growth slowed to 3-month low in April, input costs soared
Ø RBI announces loan relief, Rs 50,000 cr liquidity to tide over Covid
Ø Saudi Arabia cuts oil prices for Asia as virus hits India demand
Ø Asian equities see foreign investment inflows for first time this year
Ø Tata Steel posts profit of Rs 6,644 cr in Q4; declares dividend of Rs 25
Ø Supreme Court defers hearing Amazon, Future case amid Covid-19 surge
Ø India will sail through the Covid storm, says Finance Minister
Ø Adani Airport becomes the largest airport company; caters 10% of India’s traffic
Ø Income Tax department notifies exemption for four Canadian Funds
Ø Hikal in 10-year multi-product deal with global player
Ø Ease import of pharma inputs: AP Industries Min to Centre
Ø DoT clears 5G trials sans Chinese vendors
Ø Adani Green Energy Q4 net profit rises over 8% to ₹105 crore
Ø Canada authorizes Pfizer vaccine for for children from 12 to 15 age group
Ø Serum Institute of India leads cross-sector Indian investments into UK
Ø India accounts for 46% of world’s new Covid-19 cases, 25% of deaths: WHO
Ø Galaxy Digital to buy BitGo in crypto sector’s first $1 billion deal
Ø S&P: Second COVID wave may derail India’s budding recovery; 8.2-9.8 pc GDP growth in diff scenarios
Ø Indian Bank declares Saravana Stores account as fraud
Ø Adani Enterprises Q4 Net Profit Up 282% To Rs 233.95 Cr
Ø Sensex Rallies 424 Pts On RBI Announcements; Financial Stocks Shine