28 May 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar firms as traders brace for U.S. inflation gauge
- Asian stocks extend global rally to 7th day, U.S. stimulus in focus
- Oil prices gain 1%, boosted by U.S. economic data
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, while the yuan hit a three-year high as China’s central bank kept to the sidelines.
Majors were mostly steady through the Asia session, with Euro the around $1.2190 and the yen and sterling softening very slightly to hit one-week lows. The U.S. dollar index held on to Wednesday’s gains and was steady at 90.055.
Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration.
Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month, though Chinese blue chips slipped 0.1% just after the open.
Positive signals on the economy helped lift benchmark Treasury yields back above 1.6% overnight. The 10-year note yielded 1.6147% in Asia on Friday, from as low as 1.5520% mid-week. The Dow Jones Industrial Average rose 0.4%, while the Nasdaq Composite slipped 0.3%.
Oil prices pushed higher on Friday, supported by firm U.S. economic data and expectations of a strong rebound in global fuel demand in the third quarter, while concerns eased about the impact of any return of Iranian supplies.
Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel while U.S. West Texas Intermediate crude for July was at $67.17 a barrel, up 32 cents, or 0.5%.
Ø UBS warns of more downside risks to growth on longer lockdowns
Ø Size of RBI’s balance sheet up 6.99 per cent for nine months to March 2021
Ø Unemployment rate could touch double-digit mark in May: CMIE
Ø Supply-demand imbalances may continue to exert pressure on pulses, edible oils: RBI
Ø Notes in circulation go up on account of precautionary holding of cash amid pandemic: RBI
Ø Bank frauds fall by 25% in a year: RBI annual report
Ø United States first quarter GDP unchanged at robust 6.4% annual rate
Ø Page Industries Q4 net profit rises about 4-folds to Rs 115.56 cr
Ø Sun Pharma Q4 net more than doubles to Rs 894 cr on better operational show
Ø Paytm plans to launch India’s biggest IPO, aims to raise $3 billion
Ø Strides Pharma posts Rs 43 cr Q4 profit vs Rs 207 cr loss a year ago
Ø Sovereign gold bonds sales fetch Rs 25,702 crore till March end
Ø BPCL says no intention to sell stake in Petronet, IGL
Ø Goodyear India posts ₹43-crore PAT in Q4
Ø Indian Retail sector faces stormy year ahead, with likely losses of $30 billion
Ø Local lockdowns temper India’s economic activity in April
Ø Infibeam Avenues Q4 PAT up 33 per cent to ₹32 cr
Ø CCI nod for intra-group reorganisation of the Motherson Group
Ø TCS acquires GE’s stake in TCS Saudi Arabia
Ø RBI flags risk of bubble in Indian equity markets
Ø Eicher Motors total operations revenue down by 5% to ₹8,720 cr in FY21
Ø Housing demand to reach pre-Covid level after FY’23: Crisil
Ø Market capitalisation of BSE-listed firms hits record high of ₹220.74 lakh crore
Ø HSBC to exit US retail banking sector
Ø Wockhardt Q4 net loss at Rs 106.84 cr
Ø PC Jeweller posts net profit of Rs 59.59 cr in Q4
Ø Banks need to closely monitor asset quality, prepare for higher provisioning: RBI
Ø Sensex Ends Above 51,100, Nifty Registers Record Closing High
Ø UCO Bank Mar Qtr Net Profit Jumps About Five-Folds To Rs 80 Crore
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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.