View on market: Volatility Prevails, Market is searching for better value In spite of indications that price hikes are slowing, predictions that the Federal Reserve will maintain its strict monetary policy in order to prevent an inflationary flare-up led to mixed openings for Asian stocks. Contracts for Australian…
View on market: Volatility Prevails, Market is searching for better value Following a tech-driven sell-off on Wall Street, Asian equities futures traded slightly lower as investors awaited U.S. monthly inflation data that will help determine the outlook for the Federal Reserve's upcoming actions. American futures saw a small…
View on market: Volatility Prevails, Market is searching for better value The decline in Asian market futures indicates a cautious start to trading in the region as investors wait for consumer and producer price data from China, which is anticipated to continue to show deterioration. While contracts for…
View on market: Volatility Prevails, Market is searching for better value The latest remarks from a Federal Reserve member, which indicated to additional rate hikes to manage inflation, have dampened Wall Street euphoria as Asian stocks prepare for a mixed morning after US shares recovered from their worst…
August 7, 2023
DECLINE STOPPED; NIFTY AND NIFTY BANK ENDED WITH GAINS
NIFTY: The NIFTY opened at 19462.80 with a gap up of 81 points. Initially, the index moved sideways for the first two hours of trading with support around 19450 and then saw a breakout. Prices recorded its intraday low at 19436.45 and saw an upside rally of about…
View on market: Volatility Prevails, Market is searching for better value After a conflicting US jobs data and a reversal of gains on Wall Street, which saw the S&P 500 shed over 1% of its gain, Asian markets are expected to fall. Futures for benchmarks in Hong Kong,…
View on market: Volatility Prevails, Market is searching for better value Following a drop in US stocks and Treasuries, Asian stocks are expected to open neutral as attention turns to Friday's jobs report for guidance on the direction of the Federal Reserve's next moves. Benchmark index futures for…
View on market: Volatility Prevails, Market is searching for better value As investors digested data indicating a robust U.S. labour market that will retain pressure on the Federal Reserve to maintain tight policy, Asian equities futures sank after sharp selling in U.S. markets. Contracts for benchmarks in Hong…
View on market: Volatility Prevails, Market is searching for better value Stock futures for Australia, Japan, and Hong Kong are all lower on Wednesday, indicating a depressed mood. Following a downgrading of the United States by Fitch Ratings before to the opening of Asian markets, the benchmark S&P…
View on market: Volatility Prevails, Market is searching for better value The strong sentiment on Wall Street, which saw the S&P 500 end July with its best sequence of monthly advances in nearly two years, gave Asian equities hope that the new month would begin with higher prices.…