01 July 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar hits 15-month high vs yen as U.S. payrolls test looms
- Asia-Pacific shares slip as private survey shows Chinese factory activity growth slowed in June
- Oil drifts sideways ahead of OPEC+ meeting
The dollar hit a fresh 15-month high versus the yen and hovered near multi-month peaks against other major peers on Thursday, ahead of a key U.S. jobs report that should offer clues on when the Federal Reserve will start to pare back stimulus.
The U.S. currency rose as high as 111.165 yen for the first time since March 26, 2020, before easing back slightly to 111.055. The dollar index, which measures the greenback against six counterparts, held just below a 2 1/2-month top of 92.451 reached Wednesday, edging up on the day to 92.402.
Shares in Asia-Pacific slipped in Thursday morning trade as investors reacted to the release of Chinese economic data. The Caixin/Markit manufacturing Purchasing Managers’ Index for June came in at 51.3 on Thursday, a lower reading than May’s 52.0.
Mainland Chinese stocks were lower in morning trade as the Shanghai composite declined 0.12% and the Shenzhen component slipped 0.308%. The Nikkei 225 in Japan shed 0.39% while the Topix index fell 0.32%. South Korea’s Kospi dipped 0.4%. Australia stocks also edged lower, with the S&P/ASX 200 falling about 0.4%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.29% lower.
Overnight stateside, the S&P 500 climbed 0.13% to 4,297.50 — its fifth-straight record close. The Dow Jones Industrial Average also rose about 210 points to 34,502.51. The Nasdaq Composite lagged as it dipped 0.17% to 14,503.95.
Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year.
Brent crude for September edged up 1 cent to $74.63 a barrel by 0048 GMT while the U.S. West Texas Intermediate crude for August was at $73.46 a barrel, down 1 cent but near its highest since 2018 of $74.45.
Business News Headlines
Ø Indiabulls Housing Finance gets board nod for Rs 7,000 cr fund mop-up
Ø NSE-BSE bulk Deals: Sunil Singhania’s Abakkus Asset buys stake in IIFL Finance
Ø Promoters repay entire Rs 1,596 crore debt owed to Macrotech Developers
Ø New margin rule: Now hedge your commodity positions at 75% discount
Ø India received 10 per cent excess rainfall in June: IMD
Ø No change in PPF, NSC interest rates
Ø 3i Infotech to hire over 1,000 people this year
Ø Mahindra-owned SsangYong puts controlling stake up for auction
Ø Rising input costs are forcing companies to hike prices again
Ø Power reforms: Cabinet approves Rs 3.03 lakh cr scheme to strengthen discoms
Ø NTPC says it adopted best relief measures after Chamoli disaster
Ø Tata Steel ramps up financials; recommends highest ever dividend
Ø Voda Idea net loss declines to Rs 7,022 cr on lower exceptional expenses
Ø Oil set for best half since 2009 as demand recovers ahead of OPEC meeting
Ø Embassy REIT trading lot size to reduce from current 200 units to 1 unit
Ø S&P Global cuts India’s growth forecast to 9.5% from 11%, trims EM overall.
Ø Milk gets costlier: Amul hikes prices pan-India by this much
Ø Sebi gives more time to brokers, clearing members to comply with rules
Ø Analyst Corner: Downgrade JSW Energy to ‘sell’ with TP of Rs 130
Ø Skanray Technologies files IPO papers with Sebi.
Ø Eight core sectors’ output rises 16.8 pc in May
Ø India set to clock record rice exports in current year too
Ø CDC Group sells 3.7% stake in IIFL Finance worth Rs337 crore
Ø SpiceJet plans to raise Rs2,500 cr as airline reports loss for 5th straight qtr
Ø Adani Green’s acquisition of entire stake in SB Energy approved by CCI
Ø India allows imports of refined palm oil for six months
Ø Investors’ wealth soars ₹25.46 lakh cr so far this fiscal
Ø JSW Steel to pump in over ₹25,000 cr to ramp up capacity to 37 million tonne
Ø RBI led non-tax receipts help govt to limit fisc deficit to 8.2% during April-May
Ø Bombay HC upholds TRAI tariff order’s Constitutional validity
Ø Jet Airways public shareholders to get 1 share for every 100
Ø Cabinet approves additional ₹19,041 crore for BharatNet PPP
Ø Steel prices cooling off by ₹3,000/t
Ø NBFC-MFIs: Sector sees nearly 25% decline 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.