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Market Review

US: US stocks edged up on Thursday after more than expected fall in retail sales.

Asia: Asian stocks opened higher on Friday, following the positive trend on Wall Street, despite the worse-than-expected U.S. retail sales data.

India: In a day marked with choppy trading, Indian benchmark indices climbed sharply near the end of the trading session to end higher. Market is expected to open on a positive note and likely to witness range bound move during the day

Global Economy: Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany's in 2023. The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the population shrinks as Japanese people age and have fewer children. In the U.K., the economy shrank for the second consecutive quarter, the shorthand definition of a recession. The U.K.’s gross domestic product fell at an annualized rate of 1.4% in the final three months of 2023, compared with a 3.3% increase in the U.S. over the same period.

Commodities: Gold prices were set for their second straight weekly drop on Friday after surprisingly hot U.S. consumer prices led traders to reassess their rate-cut hopes, although bullion recouped some of the losses following a slump in consumer spending.

Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts

Currency: The dollar was steady on Friday, on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal Reserve cutting rates in June, while the yen traded at the psychologically key 150 per dollar level.

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