Published on 22/10/2021 11:20:46 AM | Source: Angel One Ltd

View on Global Market By Heena Naik, Angel One Ltd

Posted in Expert Views| #Expert Views #Heena Naik #Angel One Ltd

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Below are Views On Global Market by Heena Naik, Research Analyst - Currency, Angel One Ltd

Global Update

- India’s PM Narendra Modi to address the nation today at 10am.

- U.S. home sales surged to an eight-month high in September, but higher prices as supply remains tight are squeezing first-time buyers out of the housing market.

- US Fed Governor Christopher Waller said that the U.S. central bank should let its $8 trillion balance sheet shrink over the next couple of years.

- US unemployment claims fall to a new pandemic low of 290,000. The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs are declining as companies hold onto workers.

- The State Administration of Foreign Exchange (SAFE), China’s FX regulator, stated that the Chinese yuan and cross-border capital flows remain stable amid higher expectations of monetary policy tightening at major economies.

- China Evergrande makes $83.5 million bond interest payment due to which the risk appetite is returning to Asia. The payment of the bond interest rescued the property giant from a formal default, helping save the face of the Chinese authorities ahead of the country’s biggest annual political event.

- As per the Fed’s Williams, longer-run inflation expectations are in line with the central bank’s 2% goal. He also said that if inflation expectations get anchored at too low a level that will then bring down actual inflation over time. 

- UKs PM Johnson ready to compromise with EU on Brexit and Northern Ireland protocol. Apparently, Boris Johnson would be prepared to accept a limited role for the European Court of Justice in a bid to unlock a deal with Brussels over the Northern Ireland protocol.


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