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Market Review

US: U.S. stocks hit all-time highs in the run-up to the U.S. jobs report, with investors betting some of the world’s major central banks will start slashing interest rates as soon as June

Asia: Markets in Asia-Pacific region were trading in negative, taking cues from decline on Wall Street as investors assess Japan's GDP data, and await U.S. CPI print.

India: India's benchmark stock indices ended at a fresh record closing high in a truncated week on Thursday, led by gains in the shares of Bajaj Auto and Bharti Airtel. Market is expected to open on a positive note and likely to witness sideways move during the day

Global Economy: Japan's economy avoided a technical recession, revised government data showed on Monday, even though the upward change in the fourth quarter was weaker than expected and highlighted concerns about the sluggish economic recovery. Japan's revised gross domestic product expanded at an annualised clip of 0.4% in the OctoberDecember period from the previous quarter, better than the initial estimate for a 0.4% contraction, according to the Cabinet Office.

The European Central Bank left interest rates unchanged for a fourth meeting as a softer outlook for inflation and economic growth bolstered expectations for cuts starting in June. Separate data showed the euro-area economy stagnated at the end of last year, underscoring the central bank’s forecast for slower growth in 2024 than previously estimated

Commodities: Gold prices rose on Monday, and hovered near a record peak hit in the previous session, as remarks from Federal Reserve Chair Jerome Powell and U.S. economic data last week cemented hopes for a rate cut in June.

Oil prices extended last week's losses on Monday on concern about slow demand in China, though lingering geopolitical risk surrounding the Middle East and Russia limited the decline.

Currency: The yen strengthened against the dollar on Monday as signs the Bank of Japan will exit negative interest rates at its policy meeting next week contrasted with expectations for the Federal Reserve to cut rates in June.

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