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Market Review

US: US stock market closed in the green overnight after comments from US Federal Reserve Chairman Jerome Powell reinforced expectations that the central bank would cut its benchmark interest rate this year

Asia: Asian markets traded higher on Thursday, with Japan’s Nikkei 225 index hit a fresh record high, following overnight gains on Wall Street.

India: India's benchmark stock indices rebounded from their one-day fall to settle at record closing highs on Wednesday, led by gains in ICICI Bank Ltd. and Axis Bank Ltd. Market is expected to open on a positive note and likely to witness sideways move during the day

Global Economy: The U.S. government is urging the Netherlands, Germany, South Korea and Japan to further tighten curbs on China's access to semiconductor technology, The U.S. wants Japanese companies to limit exports to China of specialized chemicals required for chipmaking, including photoresist, the report said citing people familiar with the matter.

The International Monetary Fund (IMF) said on Wednesday it would increase its current loan programme with Egypt by $5 billion, as the central bank let the pound plummet and said it would allow the currency to trade freely

Commodities: Globally spot gold hit an all-time high of $2,152.09 per ounce early Thursday before declining to $2,150.00 at the time of publishing. Oil prices ticked higher on Thursday after U.S. crude inventories rose less than expected last week and fuel stocks saw large draws

Currency: The U.S. dollar eased on Thursday and hit a onemonth low against the yen as traders zeroed in on the idea that U.S. interest rates were likely to fall this year even after some upside surprises on inflation.

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