SGX Nifty Indicates Flat to Negative Start for Indian Indices

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Indian indices could have a flat to negative start on Monday. The latest session, the first of the 2022-23 fiscal year, started on a positive note with some solid gains. This week, investors will be keeping an eye on the outcome of the Reserve Bank of India‘s monetary policy committee meeting amid inflation fears, high crude prices and the Russian-Ukrainian war. Economists believe that key rates should remain unchanged. In Asia, indices opened cautiously amid renewed talk of a Russian gas ban and fears of an interest rate hike by the US Fed. Stocks in Japan were subdued, while those in South Korea, Hong Kong and Australia rose in early trade Monday.

Apr 04 2022, 08:22:19 IST

Trading today: SGX Nifty, key factors and levels to watch on Monday

Stock markets got off to a strong start into the new financial year on Friday, with the Sensex gaining more than 708 points to retake the crucial 59,000 mark. The BSE Sensex jumped to settle at 59,276 while the NSE Nifty advanced more than 1% to close at 17,670 on Friday.

Apr 04 2022, 08:15:23 IST

Asian stocks boosted by Hong Kong; drop in cash

Stocks were boosted on Monday by a rally in Hong Kong spurred by China’s decision to settle a dispute with the United States over audits. Treasuries fell on the prospect of sharp interest rate hikes from the Federal Reserve to fight inflation.

Chinese tech stocks in Hong Kong rose more than 2% after regulators removed a key hurdle preventing the United States from full access to audits. The spat jeopardizes the Wall Street listings of Chinese companies unless it can be resolved.

S&P 500 and Nasdaq 100 futures fell slightly as traders weighed the prospect of tougher sanctions against Russia over the war in Ukraine. Some European Union governments are pushing for new sanctions following reports that Russian troops executed unarmed civilians in Ukrainian towns.

Apr 04 2022, 07:53:52 IST

Global industrial activity slows as Ukraine crisis and inflation bite

Global industrial activity slowed in March as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and undermined confidence, while soaring manufacturing costs energy drove prices higher, surveys showed on Friday.

The uncertainty caused by the invasion, combined with an intensification of the cost-of-living crisis, suggests that manufacturing in the euro zone could slide into a recession this quarter.

Apr 04 2022, 07:48:21 IST

Asian stocks start cautiously, Treasury yields continue to climb

Asian stock markets got off to a cautious start on Monday amid talk of even more sanctions on Russia for its invasion of Ukraine, while bond markets continued to sound the risk of a hard landing in the US. US economy as short-term yields soared.

A holiday in China slowed trading, and MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.1%.

The Japanese Nikkei was flat, while S&P 500 stock futures were down 0.2% and Nasdaq futures were down 0.3%.

04 April 2022, 07:40:20 IST

Germany asks the West to accept more sanctions against Russia after the Bucha killings

Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes near kyiv, increasing the already enormous economic pressure on the country. Russia following its invasion.

The Russian economy is facing the most serious crisis since the collapse of the Soviet Union in 1991 after the United States and its allies imposed crippling sanctions due to Putin’s invasion of Ukraine on February 24.

Russia on Sunday denied that its forces were responsible for civilian deaths in the town of Bucha and said Ukraine staged a performance for Western media.

Reuters saw corpses strewn around the city. One of them appeared to have his hands tied with white cloth and to have been shot in the mouth. Ukrainian President Volodymyr Zelenskiy has accused Russia of perpetrating genocide.

The West has warned of more sanctions.

“Putin and his supporters will feel the consequences” of their actions, German Chancellor Olaf Scholz said in a statement to reporters.

Apr 04 2022, 07:33:18 IST

The euro weighed down by talks of new sanctions against Russia

The dollar got off to a strong start to the week as Treasury yields rose on expectations of rapid US interest rate hikes, while talk of a Russian gas ban kept the euro in sight of its lows of 2022.

The euro was weighed down by concerns over the economic damage from the war in Ukraine and last bought $1.1047, not too far from last month’s nearly two-year low of $1.0806.

Germany’s defense minister said on Sunday that the European Union should discuss a ban on Russian gas imports, which could further dampen growth and the currency, after Ukrainian and European officials accused Russian forces of atrocities.

Ukraine has accused Russian forces of carrying out a “massacre” in the town of Bucha, which has been denied by the Russian Defense Ministry.

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