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Market Review:

US

U.S. stocks were mixed after the close on Monday, as gains in the Technology, Consumer Services and Utilities sectors led shares higher while losses in the Ba

Asia:

Asia Pacific stocks were mostly down Tuesday morning even after their U.S. counterparts closed at a record high. Investors now await the latest U.S. Federal Reserve policy decision.

India:

Indian indices sclosed higher on Monday. India's wholesale price inflation climbed to 12.94%, owing to rising crude oil prices and cost of manufactured goods. Low-base effect also spurred the index to an all-time high in May 2021. Among broader Asian markets, Japanese stocks ended higher on Monday, while other key indices remained closed due to holidays. Market is expected to open on flattish note and likely to witness sideways move during the day.

Global Economy:

Shopper numbers across Britain fell 6.7% in the week to June 12 compared with the previous week, which had been boosted by a school holiday and improved weather. It said shoppernumbers, or footfall, fell 9.0% on high streets week-on-week, by 7.5% in shopping centres and by 0.9% in retail parks. Overall UK footfall increased 11.6% in the week to June 5.

Euro zone industrial production was stronger than expected in April, driven by a more than doubling of durable consumer goods output from a year earlier as economies steadily reopened after COVID-19 pandemic lockdowns. The industrial output in the 19 countries sharing the euro rose 0.8% monthon-month for a 39.3% year-on-year surge. Economists had expected a 0.4% monthly and a 37.4% annual jump.

Commodities:

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Gold prices steadied on Tuesday, after falling to a near onemonth low in the previous session, as investors awaited the U.S. Federal Reserve meeting for further clarity on rising inflation and monetary policy going forward.

Currency:

The dollar hovered below a one-month high compared with major peers on Tuesday ahead of a muchanticipated Federal Reserve meeting that could signal a change in the outlook for U.S. monetary policy.

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