Thursday, February 15, 2024
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Global markets: SGX Nifty to US Fed rate hike — key triggers that may dictate stock market today

Global Market Update: US dollar rates hit a seven-week low and slipped under 102 levels after the US Took care of reported a rate climb of 25 bps. In morning bargains on Thursday, the dollar record was going through a selloff, while US security yields declined further. Nonetheless, the US financial exchange shut lower on Wednesday as all the three significant files shut in the red zone. SGX Clever opened with gains today following US stocks however benefit booking began soon.

Here we list down the significant worldwide market sets off that might influence the Indian securities exchange today:

american securities exchange

US stocks shut down on Wednesday. The S&P 500 file lost 1.65 percent, the Dow Jones lost 1.82 percent, while the tech weighty Nasdaq record fell 1.60 percent.

US Took care of rate climb

Following two days of Government Open Market Council (FOMC) meeting, the US National Bank declared a 25 bps loan fee climb, which quickly put the US Dollar under tension. The US Central bank likewise reported its interests about the bank emergency in the US, as would be considered normal to lift the confidence level for the bulls.

Asian Global Market

In Thursday’s morning meeting, the Japanese Nikkei is down 0.48 percent, the Shanghai list is down 0.13 percent, Hong Kong’s Hang Seng is up 0.12 percent while South Korean KOSPI is down 0.32 percent.

us dollar cost

The US dollar was hit by an offer off and tumbled to a 7-week low after the US Took care of authorities took a less forceful position on loan cost climbs. Dollar record slipped under 1102 level on Wednesday. The dollar record shut down at 101.942, down 0.03 percent in morning exchange.

sgx clever today

Showing a lazy opening today on Dalal Road, SGX Clever opened with gains yet before long saw benefit booking. The SGX Clever is at present down 46 focuses from its Wednesday’s end level.

SGX Clever has found help almost 17,000 levels and one ought to continue to purchase on plunges at help levels. Notwithstanding, key help is put at 16,800 levels, while 17,200 and 17,400 are the obstacles that SGX Clever is confronting today, said Anuj Gupta, VP. – Exploration in IIFL Protections.

gold cost today

Gold costs saw crisp purchasing after the US Took care of reported a climb in loan fees. In the first part of the day meeting in the Asian business sectors, gold costs saw lively purchasing on the lookout. In the worldwide spot market today, the cost of gold is up by 0.15 percent at the degree of around $ 1,970 an ounce.

US security yield

In the US security market, the US 10-year security yield fell 0.81 percent to 3.471, while the US 30-year security yield fell 0.31 percent to 3.685.

raw petroleum cost

Following a fall in the US Dollar rates, WTI raw petroleum costs saw some purchasing. In earlier today meeting, WTI raw petroleum rose by 0.16 percent and hit a high of $70.41 per barrel in morning Asian financial exchange.

Disclaimer: The perspectives and proposals given above are of individual examiners or broking organizations and not of O2help. We encourage financial backers to do an expected level of effort with ensured specialists prior to settling on any speculation choice.

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