World Markets

World Markets

28 June 2021

World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.

  • Dollar off to firm start as U.S. price data fail to quell inflation worries
  • Asian shares start on cautious note amid rise in COVID-19 cases
  • Oil strikes 2018 highs on demand recovery, Iran nuclear talks

World MarketsCurrency

The dollar held firm on Monday after slightly softer-than-expected U.S. inflation did little to chip away investors’ conviction that the Federal Reserve could tighten monetary policy if consumer price pressures continue to intensify.

The dollar’s index against six other major currencies was steady at 91.793 , having recovered from Friday’s low of 91.524 hit in the wake of the inflation readings.

The euro was little changed at $1.19385 , struggling to recover the $1.20 level while the dollar consolidated at 110.80 yen , not far from Wednesday’s 15-month high of 110.105.

Equity

Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last a shade weaker at 703.17, still near a two-week high of 705.35 made on June 16. Australian shares  slipped 0.3% while South Korea’s KOSPI index  was slightly higher. Japan’s Nikkei  was 0.1% weaker.

Oil

Oil prices climbed to their highest since October 2018 in early Asian trading on expectations demand growth will outstrip supply and OPEC+ will be cautious in returning more crude to the market from August.

Brent futures rose 7 cents to $76.25 a barrel, while U.S. crude added 6 cents to $74.11.

Financial News

Economic Times

Ø No order issued for Payment of increased DA, DR, says FinMin

Ø DLF sells 551 independent floors in Gurugram since October 2020 for over Rs 1,200 cr on better demand

Ø InterGlobe Aviation gets shareholders’ approval to raise Rs 3,000 cr via QIP

Ø PG Electroplast lines up Rs 100 crore investment for FY22

Ø Remain upbeat about Indian market in medium to long-term: VMWare

Ø ​IIP data, June auto sales and monsoon among key factors that may guide market this week

Ø Gold imports jump multi-fold to USD 6.91 billion in April-May on low base effect

Ø After Air India, Cairn to target more state cos to recover money due from govt

Ø Shree Renuka Sugars investing Rs 450 crore to raise ethanol capacity

Ø Cabinet secretary-led panel holds crucial meeting on bank privatisation

Ø Ashok Leyland to set up ‘Mother EV’ Plant in India under UK-subsidiary Switch

Business Standard

Ø Steel companies negotiate 10-16% price increase for auto manufacturers

Ø Adani Group to add 5 Gw green energy a year for next decade, says chairman

Ø IL&FS group receives Rs 1,925 cr from Haryana govt for Gurgaon metro

Ø Indian economy poised for recovery in FY22, says SBI Chairman

Ø Railways improves operating ratio to 97.45% in pandemic-hit FY21

Financial Express

Ø 478 infra projects show cost overruns worth Rs 4.4 lakh crore

Ø If we do not attract a Third wave, there is hope for 9 % GDP Growth in 2021-22: Dr Rangarajan

Ø Sugar Prices fall in International markets, could impact Exports

Ø Goodricke’s white tea fetches above Rs 27,000/kilo at Tea Board’s special auction

Mint

Ø Reliance’s renewable energy plans renew worries about its cash flows

Ø NTPC to reduce net energy intensity by 10%

Ø ONGC’s earnings will get support from rising crude oil prices

Ø Ashok Leyland’s Q4 was good, but near-term road is bumpy

Ø Federal Bank to focus on India’s underbanked population, says CEO

Ø Ventilator maker Skanray Technologies files for IPO

Business Line

Ø Adani Ports sells Australian rail logistics unit to parent Adani Enterprises

Ø Insecticides (India) to cut down dependence on China

Ø India’s coal import rises 30 per cent to 22 million tonnes in April

Ø India’s crude steel output grows 46.9 per cent to 9.2 million tonnes in May: world’s Teel.

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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.

 

Sources

https://www.reuters.com/

https://in.investing.com/