Quote on Today`s market macros by Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Today’s market macros by Shrikant Chouhan, Head Equity Research, Kotak Securities
Oil prices edged up in early trade on Wednesday, as concerns over escalating conflicts in Europe and the Middle East outweighed demand worries following an unexpected increase in U.S. crude inventories. U.S. Retail Sales rose by 0.1% in May, slightly below the anticipated 0.2% increase. U.S. markets will be quiet due to a Bank Holiday, but the NAHB Housing Market Index, expected to remain steady at 45, will be released later today. Tomorrow, investors will focus on the Initial Jobless Claims data forecasted at 235k.
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