20 May 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar bounces after Fed minutes revives tapering discussion
- Asia-Pacific shares mixed; data shows Japan’s exports surging in April
- Oil falls for third day on rising coronavirus infections, U.S. stockpiles
The dollar bounced off three-month lows against European currencies on Thursday after minutes from the Federal Reserve’s last policy meeting revealed there was more talk of tapering their bond purchase than investors had thought.
The euro slipped to $1.2174 from a three-month high of Wednesday’s $1.2245. The dollar rose to 109.21 yen from a one-week low of 108.575 yen touched on Wednesday. The British pound slipped to $1.4117 from above $1.42 earlier this week. The dollar’s index bounced back from Wednesday’s three-month low to 90.209.
Stocks in Asia-Pacific were mixed in Thursday morning trade, with data showing Japan’s exports surging in April. apan’s exports rose 38% in April as compared with a year ago, data from the country’s Ministry of Finance showed Thursday. That was higher than an expected 30.9% increase predicted by economists in a Reuters poll.
In morning trade, the Nikkei 225 was largely flat while the Topix index edged about 0.1% higher. Mainland Chinese stocks dipped, with the Shanghai composite down 0.34% while the Shenzhen component declined fractionally. The Hang Seng index in Hong Kong shed 0.56%. South Korea’s Kospi declined 0.49%. Over in Australia, the S&P/ASX 200 rose 0.57%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded about 0.1% lower.
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 22 points gain. The BSE Sensex fell 290.69 points to close at 49,902.64 on May 19 while the Nifty50 declined 77.90 points to 15,030.20.
Oil prices fell on Thursday after a slump in the previous session, as rising U.S. stockpiles added to concerns about a hit to demand from surging coronavirus infections in Asia and possible U.S. rate hikes.
Brent crude was down 6 cents, or 0.1%, at $66.60 a barrel , having fallen 3% on Wednesday. U.S. oil fell 7 cents, or 0.1%, to $63.29 a barrel, after a 3.3% drop in the previous session.
Ø India’s utility-scale solar installations declined 39% Y-O-Y in FY2021: Report
Ø Govt needs to revisit import duty on chickpeas, lentils: IPGA
Ø Tata Projects secures Rs 2,000 crore order from Chennai Metro
Ø Govt targets to conclude ongoing CPSE privatisation this fiscal
Ø Kotak Mahindra Bk arm buys 74% stake in HKR Roadways for 715 crore
Ø RHI Magnesita’s 2 Indian bizs merge with ORL
Ø Sebi proposes merger of debt securities rules into single regulation
Ø IOC posts all-time high profit in FY21 of Rs 21,638 cr versus year-ago loss
Ø S&P revises outlook on Tata Motors to stable on improving underlying demand
Ø NBFCs had objected to RBI rules on auditor change, called for expert panel
Ø Centre hikes fertiliser subsidy by 140%; farmers to get DAP at old rate
Ø Vedanta restarts medical oxygen production at Sterlite Copper plant
Ø India, China, S Africa fared ‘relatively better’ than other major economies in Q1 of 2021: UN
Ø Dredging Corp wins ₹122.50-cr contract from Cochin Port Trust
Ø BDR Pharmaceuticals inks voluntary licensing pact with Eli Lilly for Baricitinib
Ø Nod for amalgamation of RHI Clasil, RHI India with Orient Refractories
Ø Pioneer Embroideries net up five times in Q4
Ø JK Tyre Q4 net at ₹195 crore
Ø Axis Bank: OFS of SUUTI oversubscribed four times on Day 1
Ø Indian, European refiners get ready to buy Iranian oil
Ø Crypto washout: Bitcoin plunges $30,000, market cap losses nearly $1 tn
Ø Sebi fines Biocon, its designated person for violating market norms
Ø High Street Essentials raises Rs25.5 crore in fresh funding
Ø JK Tyre reports robust recovery in earnings for March quarter
Ø India climbs to 3rd spot on EY index on impressive show by solar PV segment
Ø UK inflation more than doubles to 1.5% in April
Ø NBCC, Suraksha submit revised bids for Jaypee Infra
Ø Central Bank Of India Gets Shareholder Nod To Allot Rs 4,800-Cr Preference Shares To Govt
Ø CBIC Rationalises GST Refund Provisions, Allows Taxpayers To Withdraw Application
Ø India’s Oilmeal Exports Jump 51 % In FY21
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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.