25 May 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar drifts lower as Fed speakers soothe inflation fears
- Taiwan jumps more than 1% as Asia stocks rise; data shows Singapore’s economy expanded in the first quarter
- Oil steady near week high as prospect of Iran supply glut wanes
The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher.
Early Asia trade was steady, with the dollar index nursing a 0.2% overnight loss at 89.853 – just above a four-month low. The euro held a 0.3% overnight gain and, at $1.2213, is close to testing resistance around $1.2245. The yen was last at 108.79 per dollar.
Shares in Asia-Pacific rose in Tuesday morning trade following overnight gains stateside. Taiwan’s Taiex led gains among the region’s major markets, rising 1.62% in morning trade. Mainland Chinese stocks were also higher, with the Shanghai composite rising 0.45% while the Shenzhen component advanced 0.461%.
In Japan, the Nikkei 225 rose 0.6% while the Topix index also advanced 0.25%. South Korea’s Kospi climbed 0.73%. The S&P/ASX 200 in Australia was 0.59% higher. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.79% higher.
Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects of an early return of oil exporter Iran to international crude markets lessoned.
Brent crude futures were down 6 cents at $68.40 a barrel , having jumped 3% on Monday. U.S. West Texas Intermediate futures fell 8 cents to $65.97 a barrel, after gaining 3.9% the previous session.
Ø Bank credit grows by 6.02 per cent; deposits by 9.87 per cent
Ø India’s threshold inflation level is 6 per cent: Fromer MPC member
Ø DLF leases 3 lakh sq ft office space in Gurgaon
Ø Centre launches first phase of MCA21 Version 3.0
Ø FY21 FDI inflows up 10%, highest jump in investments from Saudi Arabia
Ø NBFCs stop lending on fear of rising defaults
Ø RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks
Ø Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
Ø Banks in India report loan fraud worth Rs 5 trn, SBI’s amount largest
Ø SAT grants interim stay on Sebi’s order against Yes Bank in AT-1 bond case
Ø Anmi urges Sebi to reconsider proposal on 100% levy on peak margin
Ø Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21
Ø Microfinance sector stares at sequentially challenging year: India Ratings
Ø Training, placement under Centre’s skill development programme declines in FY21
Ø Philippines opens its rice market to India with duty cut
Ø GMM Pfaudler starts operations at acquired facility at Vatva
Ø Ramco Cements posts ₹761-cr profit in FY21 on better margins
Ø Grasim net up 13% in Q4 on better realisation
Ø ‘User industry concern on high steel prices unfounded’
Ø Banking tech startup Zeta raises $250 million from SoftBank Vision Fund 2
Ø Pfizer will supply Covid vaccine only to central govt, says company
Ø JSW Steel denies Liberty asset bid as mill plans India expansion
Ø Bharat Biotech submits 90% documentation to WHO for EUL of Covaxin
Ø Bitcoin bounces back above $38,000 after weekend selloff
Ø Maintain RoDTEP rates to at least 5 % for zinc, lead exports: ILZDA to govt
Ø DHFL lenders challenge NCLT order on considering Wadhawan’s offer
Ø SAT Grants Interim Stay On Sebi’s Order Against Yes Bank In AT-1 Bond Case
Ø Maintain RoDTEP Rates To At Least 5 % For Zinc, Lead Exports: ILZDA To Govt
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.