India Markets open in 6 hrs 45 mins
  • BSE SENSEX

    47,409.93
    -937.66 (-1.94%)
     
  • Nifty 50

    13,967.50
    -271.40 (-1.91%)
     
  • Dow

    30,302.97
    -634.07 (-2.05%)
     
  • Nasdaq

    13,270.60
    -355.47 (-2.61%)
     
  • BTC-INR

    2,303,471.50
    -47,151.00 (-2.01%)
     
  • CMC Crypto 200

    632.61
    -7.31 (-1.14%)
     
  • Hang Seng

    29,297.53
    -93.73 (-0.32%)
     
  • Nikkei

    28,635.21
    +89.01 (+0.31%)
     
  • EUR/INR

    88.3699
    -0.3342 (-0.38%)
     
  • GBP/INR

    99.8561
    -0.2769 (-0.28%)
     
  • AED/INR

    19.8370
    +0.0310 (+0.16%)
     
  • INR/JPY

    1.4238
    +0.0055 (+0.39%)
     
  • SGD/INR

    54.9320
    -0.0480 (-0.09%)
     

Global Cues: Treasury yields ease off record highs, tech stocks advance, Fed asserts low rate environment

Here are the global market cues today:

1. USA
The S&P 500 and Nasdaq gained 0.2% and 0.4%, The Dow closed flat. The S&P 500 and Nasdaq gained as Intel rallied 7% to lead tech stocks higher. Interest rates eased from their highest levels since March 2020. The benchmark 10-year note slipped to 1.09% a day after hitting a high of 1.18%. That decline in rates came as two key Fed officials noted that monetary policy will remain easy for the foreseeable future. Fed Vice Chairman said the central bank won’t raise rates until inflation reaches 2%. Stock futures rose on Wednesday night. Dow futures traded 46 points higher, or 0.1%. S&P 500 futures gained 0.2%, Nasdaq 100 futures advanced 0.1%

2. ASIA
Stocks in Asia-Pacific were mixed on Thursday morning. Investors await the release of Chinese trade data for December
- The Nikkei 225 was fractionally higher in early trade. The Topix index hovered above the flatline. South Korea’s Kospi dipped 0.26%. Australian S&P/ASX 200 declined 0.17%

3. EU
European stocks closed slightly higher on Wednesday. The Stoxx 600 ended up 0.17%
- The telecoms stocks climbed 1.1% to lead gains. The travel and leisure shed 1.1%. Carrefour surged 13.4% after Canada’s Alimentation Couche-Tard said it had opened merger talks with the co. Telefonica shares jumped 9.6% after an announcement of a $9.4 Bn sale of phone masts to American Towers

4. OIL
Oil prices were little changed on Wednesday. A bigger-than-expected drop in crude inventories aided prices as rising cases hit fuel demand. US crude inventories fell by 3.2 Mn barrels in the week to Jan. 8 to 482.2 Mn barrels. Brent crude prices were down 53 cents at $56.05 a barrel. An earlier rise took prices as high as $57.42 a barrel, the strongest since Feb 24th. US WTI settled 30 cents, or 0.6%, lower at $52.91 per barrel

5. GOLD
Gold prices held steady on Wednesday, underpinned by 2 factors. Data showed a rise in consumer prices in the United States. Expectations of more fiscal stimulus could trigger higher inflation. Spot gold was little changed at $1,854.84 an ounce. US gold futures settled up 0.6% at $1,854.90.