IGI Logo

US

U.S. stocks fell Friday on the last trading day of the month, as one of the busiest weeks of the first quarter earnings reporting season came to a close, with investors weighing blockbuster results from most large technology companies and good economic data, while keeping one eye on expectations that strong data may cause the Federal Reserve to ease back on monetary policy sooner than it expects

Asia

: Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.

India

Benchmark indices snapped a four-day gaining streak to end 2% lower on Friday amid sell-off in most sectors, especially banks and financials. Sensex ended at 48,782.36, down 983 points and Nifty ended at14,631, down 263 points. Pharma sector was the lone gainer among sectors. Market is expected to open gap down and likely to witness selling pressure during the day.

Global Economy:

The United Arab Emirates' economy shrank 6.1% last year, as the coronavirus crisis hit several key sectors. The non-oil economy shrank by 6.2%, it said, with sectors such as accommodation and food services declining by 23.6%, wholesale and retail trade by 13.1% and construction by 10.4%. The economy is expected to grow 2.5% this year. Australian home prices posted another solid increase in April though the pace of ascent slowed a little as affordability became a bigger problem as houses moved beyond the reach of many buyers. National home prices climbed 1.8% in April, after a 2.8% jump in March that had been the largest gain in 32 years. Prices were up 7.8% on last year, and 6.8% in just the three months to April. Sydney prices raced up 2.4% in April, while Melbourne added 1.3%, Brisbane 1.7% and Perth 0.8%.

Commodities:

Oil prices climbed on Monday as optimism about a strong rebound in fuel demand in developed countries and China in the second half ofthe year overshadowed growing concerns of a full lockdown in India to curb the COVID-19 pandemic. Gold prices ticked up on Monday, supported by a muted dollar ahead of a series of U.S. data, while auto-catalyst metal palladium held firm after surpassing $3,000 per ounce on concerns over supply shortage in the previous session

Currency:

The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, looking for clues on the outlook for global inflation and for policymakers' response.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://investmentguruindia.com/Disclaimer/nirmal.html

SEBI Registration number is INH000001766

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer