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Market Review

US:

U.S. stocks were higher after the close on Friday, as gains in the Telecoms, Utilities and Oil & Gas sectors led shares higher

Asia:

Asian shares are mixed on Monday as Western nations moved to tighten sanctions against Russia and President Vladimir Putin escalated tensions by ordering Russian nuclear forces put on high alert

India:

Equity indices rebounded on Friday, a day after Russia's attack on Ukraine led markets to their biggest fall in over a year.The 30-share BSE index jumped 1,329 points or 2.44 % to close at 55,859. Market is expected to open gap down and is likely to witness selling pressure during the day

Global Economy:

Japan's factory output shrank for the second month in January as the auto sector grappled with production suspensions due to the pandemic, with Russia's invasion of Ukraine intensifying pressure on an economy facing the risk of a contraction. Factory output slumped 1.3% in January from the previous month hurt by falling production of cars as well as declining iron, steel and non-ferrous metals.That meant output extended declines to a second month, after slipping 1.0% in Dec Australian retail sales were surprisingly strong in January as shoppers weathered a surge in Omicron cases with aplomb, suggesting the economy maintained considerable momentum into the new year.Data showed retail sales climbed 1.8% in January to A$32.5 billion, the second highest level on record and easily beating forecasts of a 0.4% gain. Contracts to buy U.S. previously owned homes dropped for a third straight month in January amid record low inventory.The Pending Home Sales Index, based on signed contracts, declined 5.7% last month to 109.5. Pending home sales fell in the South, Northeast and Midwest, but rose in the West

Commodities:

Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high alert in the face of Western nations and Japan stepping up sanctions against Russian banks. Gold prices rose more than 1% on Monday and were set for their best monthly gain in nine, after Western countries slapped fresh sanctions on Russia for invading Ukraine and President Vladimir Putin put his country's nuclear deterrent on high alert.

Currency:

The rouble plunged to an all-time low on Monday, and the dollar soared against nearly all peers after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine, and Vladimir Putin put nuclear-armed forces on high alert.

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