31 May 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar near 2-month high vs yen, U.S. inflation beats expectations
- Asia shares look to rally for third week, focus on U.S. jobs
- Oil prices stay firm as demand to outstrip supply in H2
The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve’s asset buying.
The dollar traded at 109.87 yen, having reached a 110.20 on Friday, coming within striking distance of the one-year peak of 110.97 marked at the end of March. The euro changed hands at $1.2194, off Friday’s low of $1.2133, while the British pound stood little changed at $1.4189.
Asian shares edged higher on Monday, looking to extend their recent rally to a third week should U.S. jobs figures show the expected revival in hiring in May and keep the global recovery on track.
MSCI’s broadest index of Asia-Pacific shares outside Japan was a fraction firmer, having rallied 2.2% last week. Japan’s Nikkei was flat, while Australia rose 0.2% to a fresh all-time peak. Markets in the U.S. and UK are closed for a holiday, but futures were still trading in Asia with the Nasdaq up 0.2% and S&P 500 ahead by 0.1%.
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week for supply guidance.
Brent crude futures for August nudged up 7 cents, or 0.1%, to $68.79 a barrel after settling at their highest in two years on Friday. U.S. West Texas Intermediate crude for July was at $66.45 a barrel, up 13 cents, or 0.2%.
Ø RBI’s new norms to help enhance audit quality, transparency, add value: Experts
Ø Paytm board grants in-principle approval for around Rs 22,000 crore IPO
Ø FDI in computer software, hardware jumps threefold to $26.14 billion in 2020-21: DPIIT data
Ø DoT to ask telcos to test 5G in rural areas also, MTNL may join trial soon
Ø India set to expand negative list for defence imports
Ø Govt expands credit lifeline for MSMEs amid second wave of Covid-19
Ø Saudi Arabia committed to meet India’s crude oil requirement: Saudi envoy
Ø Govt considers enhancing Rs 3 trn loan-guarantee for small firms: Report
Ø Covid-19: Govt announces additional benefits under EPFO, ESIC schemes
Ø Record company registrations in April; Maha, Delhi, UP lead charge
Ø Adani Ports and SEZ looks to acquire Karaikal Port
Ø Verteil Technologies closes Pre-Series A funding round
Ø Emergency credit scheme to now cover civil aviation, oxygen plants
Ø PSBs to follow templated approach to restructure loans
Ø PNB to exit Canara HSBC Oriental Bank Life
Ø Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
Ø Infra.Market acquires majority stake in Sociam Equipment
Ø Bank of Baroda plans to raise ₹5,000 crore after unexpected loss
Ø India, Philippines eyeing technology and investment exchanges in fisheries
Ø PUBG Mobile’s Indian avatar Battlegrounds Mobile India reveals glimpse of game
Ø FPIs net sellers for second consecutive month; pull out ₹1,730 crore in May
Ø Coal India retains production and offtake momentum in May
Ø Interest payments: Centre’s soaring debt may curb productive spending
Ø Govt Extends Emergency Credit Line Guarantee Scheme Till Sep 30
Ø REC Records Profit At Rs. 8,362 Crores
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