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US: On account of renewed fear of US Fed rate hike post-rise in US inflation, Wall Street indices witnessed sell off pressure on Friday session. Nasdaq index fell around 0.68 % on Friday

Asia: Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields pressured sky-high valuations on tech stocks and underpinned the dollar.

India: Nifty fell for the second consecutive session on August 11, pulled down by weak global cues. At close, Nifty was down 0.59% or 114.9 points at 19428.3. Broad market indices fell less than the Nifty even as the advance decline ratio dipped to 0.65:1.. Market is expected to to open with gap down and likely to witness profit booking during the day

Global Economy: U.S. producer prices increased slightly more than expected in July as the cost of services rebounded at the fastest pace in nearly a year, but the trend remained consistent with a moderation in inflationary pressures. The producer price index for final demand increased 0.3% last month. Data for June was revised lower to show the PPI was unchanged instead of nudging up by the previously reported 0.1%. China's new bank loans tumbled in July and other key credit gauges also weakened, even after policymakers cut interest rates and promised to roll out more support for the faltering economy.Chinese banks extended 345.9 billion yuan ($47.80 billion) of new yuan loans in July, tumbling 89% from June to the lowest since late 2009 and falling far short of analysts' forecasts

Commodities: Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. Oil prices eased on Monday after seven straight weeks of gains supported by tightening supply on OPEC+ output cuts, as concerns about China's faltering economic recovery and a stronger dollar weighed

Currency: The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high.

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