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Market Review

USA: The Dow Jones Industrial Average closed off highs as stocks tried to fight back from recent losses

Asia: Asia-Pacific markets were higher on Tuesday as investors digested key economic data across the region.

India: The key benchmark indices extended losses for the seventh straight trading session owing to weakness in auto, IT and metal stocks. The markets eventually ended off the day’s low as banking shares bucked the trend and finished with smart gains. Market is expected to open on a flattish note and likely to witness sideways move during the day Global

Economy: Employment agencies are increasingly upbeat about the German labour market despite the challenging economic environment. Germany recorded its fourth consecutive increase, rising by 0.4 points to 103.3 in February. The employment component of the labour market barometer increased slightly by 0.1 points in February. This puts it at 104.9 points, which continues to signal strong employment growth, according to the research institute of the federal employment agency. Australia's current account surplus rose sharply in the December quarter as resource exports boomed and imports eased, providing a sizable fillip to economic growth. The current account surplus widened to A$14.1 billion in the fourth quarter. That was compared to a revised surplus of A$0.8 billion in the third quarter and handily beat forecasts of a A$6.5 billion surplus. Vietnam's exports rose 11% in February from a year earlier, and the country's industrial output increased 3.6% in the same month. Consumer prices in February rose 4.3% on the year

Commodities: Gold prices dipped on Tuesday and were poised for a monthly decline of about 6% as the prospects of further interest rate hikes from the U.S. Federal Reserve continued to weigh on the zero-yielding asset’s appeal. Oil prices steadied in early Asian trade on Tuesday after falling on strong U.S. manufacturing data that raised worries about further interest rate hikes dampening demand, while analysts predicted another build in American crude inventories

Currency: The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the postBrexit UK economy and signalled improved relations between London and the bloc.

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