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Market Review

US:

The Dow rose and the S&P 500 ended lower in choppy trade on Friday, as beaten-down bank shares gained and investors grappled with how best to deal with an economy that could skid as the Federal Reserve moves to aggressively tackle inflation

Asia:

Asian shares slipped on Monday ahead of a week thronging with central bank meetings and U.S. inflation data, while the euro eked out a gain on relief the far right did not win the first round of the French presidential elections.

India:

The domestic equity market gained more than half per cent after six-member Monetary Policy Committee (MPC) of the RBI kept the key lending rate unchanged and stance accommodative. Nifty ends near 17,800, Sensex adds over 400 points on back RBI monetary policy outcome. Market is expected to open gap doen and likely to witness selling pressure during the day.

Global Economy:

China's factory inflation slowed but beat expectations in March, as the country grapples with cost pressures caused by Russia's invasion of Ukraine and persistent supply chain bottlenecks.The producer price index increased 8.3% year-on-year, easing from 8.8% growth in February but beating a forecast for a 7.9% rise in a Reuters poll. U.S. wholesale inventories increased more than initially thought in February, but inventory investment probably offered little or no boost to economic growth in the first quarter.The Commerce Department said on Friday wholesale inventories rose 2.5% in February, instead of 2.1% as reported last month. Stocks at wholesalers advanced 1.2% in January. Egypt's annual urban consumer price inflation accelerated in Mar to 10.5%, its highest in nearly three years and faster than analysts had expected.The inflation figure, up from 8.8% in Feb

Commodities:

Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Gold prices eased on Monday, as the dollar and Treasury yields firmed on prospects of aggressive interest rate hikes by the U.S. Federal Reserve, while fresh concerns over Russia's attacks in eastern Ukraine lent some support to the safe-haven metal.

Currency:

The euro made a firm start to the week on investor relief that incumbent Emmanuel Macron led first-round voting in the French presidential election, while other moves were slight ahead of central bank meetings in Europe, Canada and New Zealand.

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