The forex markets turn quiet in Asian session today. While DOW surged to new record high overnight, S&P 500 and NASDAQ closed slower. Asian markets are also mixed. Investors are holding their bets for now, awaiting FOMC minutes and, more importantly, US non-farm payrolls later in the week. For now, Yen remains overwhelmingly the worst
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Beginning with: “At this point it is too early to make any statement on the damage or whether the incident will have any impact on the output plan for this year,” ASML said, adding that it would take several days to assess the damage and it would update markets as soon as it can. So,
LONDON: Oil prices rose 2 per cent on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that Omicron would have only a mild impact on demand. Brent crude was up $1.50, or almost 2 per cent, at $80.48 a barrel by 1450 GMT and U.S. West Texas
Global financial markets are in full risk-on mode today. Major European indexes are trading higher while US futures indicates that record run is continuing. In the currency markets, Yen’s steep selloff continues and looks unstoppable. Dollar is performing well as supported by rally in treasury yields. Euro, on the other hand, is rather weak, in
The OPEC+ meeting is ongoing now and it shouldn’t be long before we see leaks saying that the planned 400,000 barrel per day increase slated for February is approved. OPEC undoubtedly feels vindicated after last months’ decision to stick with the hike despite omicron and falling prices (at the time). Crude has since turned around
Gold price in the national capital on Tuesday plunged by Rs 302 to Rs 46,814 per 10 grams, reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,116 per 10 grams. Silver also declined by Rs 597 to Rs 60,625 per
Yen selloff is the main theme in the Asian markets today, in particular as USD/JPY breaks out on the upside with acceleration. The move was fueled by strong rally in US treasury yields overnight, as well as rally in Nikkei and benchmark JGB yield. Dollar is currently the strongest one for the, reversing much of
Key findings from the Markit report: Stronger rise in output amid renewed upturn in sales Input cost inflation eases to 19-month low Business confidence weakens amid pandemic and supply chain worries The commentary in the report is long and detailed, in summary though: Supply was strong and demand rebounded… easing of supply constraints, output expanded
New Delhi: Markets regulator Sebi has notified rules for vault managers that allow bourses to set up a gold exchange in the country. This comes after the board of Sebi cleared a proposal in September for setting up a gold exchange, wherein the yellow metal will be traded in the form of electronic gold receipts
Prelim was 57.8 Prior was 58.3 Siân Jones, Senior Economist at IHS Markit said: “December saw another subdued increase in US manufacturing output as material shortages and supplier delays dragged on. Although some reprieve was seen as supply chains deteriorated to the smallest extent since May, the impact of substantially longer lead times for inputs
New Delhi: Capital markets regulator Sebi on Monday tweaked the “exercise mechanism” of option contracts on commodity futures. The decision has been taken based on feedback received from stock exchanges and the recommendations of Commodity Derivatives Advisory Committee of Sebi. In a circular, Sebi said the prescribed mechanism will be adopted by exchanges for exercise
The report (link here) says an administrative penalty decision in Danzhou City, Hainan Province has been circulating on the Internet. decision stated that a total of 39 residential buildings on Haihua Island under the Evergrande Group were determined to be illegal and required to be demolished planning permit obtained illegally has been revoked The date
SINGAPORE: Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns. Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during
In some relief for consumers on New Year, National Oil Marketing companies have slashed the prices of 19 kg commercial LPG cylinder cost by Rs 102.50 effective from January 1, 2022. The 19 kg commercial cylinder will cost Rs 1998.50 in Delhi from today, sources told ANI. It will provide some relief to restaurants, eateries
Risk-on sentiment is somewhat taking a breather as S&P closed slightly lower after making new high. But Yen remains overwhelmingly the worst performing one for the week, followed by Kiwi and then Euro. On the other hand, Sterling is currently the strongest one together with Swiss Franc, thanks additional to Euro’s weakness. Aussie is firm
Commodities surged the most in over a decade this year as a rebound in demand from pandemic lockdowns was met with constrained supplies, fueling inflation around the world and forcing governments to act. But 2022 may tell a different story. The Bloomberg Commodity Spot Index, which tracks 23 energy, metal and crop futures, is ending