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SGX Nifty shows signs of slow opening for Indian indices

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The Fed’s openly aggressive stance has rocked financial markets at the start of the new year, with investors reassuring how to price assets in an environment of rising interest rates. The removal of crisis-era housing hasn’t seen a change in at least three years, a time that also saw an increase in volatility

07 Jan 2022, 8:00:19 AM IS

SGX Nifty futures were trading 13.50 points or 0.08% lower at 17,833.00 in opening deals

07 January 2022, 07:50:29 AM IS

Indian stock markets post first fall of 2022 as Fed takes hawkish stance

Indian stocks broke a four-day rally on Thursday with sell-offs in other equity markets in Asia-Pacific, after minutes of the US Federal Reserve meeting indicated a sharp rise in interest rates. To worry about persistent inflation. This marked the first fall of Indian equities in 2022. Rising concerns over rising COVID cases in India, coupled with partial restrictions on mobility, have also impacted investor sentiment.

The BSE Sensex closed at 59,601.84, down 621.31 points or 1.03%. Nifty slipped 179.35 points or 1% to end at 17,745.90.

Both Asian and European markets fell after Wall Street’s tech-heavy Nasdaq fell more than 3% on Wednesday and 2- and 5-year Treasury yields, a key driver of global borrowing costs, hit post-pandemic highs . Japan’s Nikkei fell 2.88%, while South Korea’s Kospi fell 1.13%.

07 Jan 2022, 07:49:06 AM IS

Asian stocks adulterated as investor attention shifts to payroll

US futures rose and Asian stocks were mixed on Friday as investors turned their attention to upcoming US labor market data. The Treasury remained stagnant after a full week’s decline.

Shares rose in Hong Kong and South Korea but slipped in Japan. S&P 500 futures saw slight gains. US benchmarks turned little after an attempt to rebound from a nearly 2% drop on Wednesday in minutes of a Federal Reserve meeting that suggested the central bank is ready to raise rates more quickly than previously expected. Ten-year Treasury yields fell to 1.71%, still set for their biggest weekly jump since 2020.

Comments from regional Fed chairmen on Thursday provided some additional insight as traders tried to predict a possible schedule of tightening. St. Louis Fed Chairman James Bullard, a more rigid policymaker, said in a speech that the central bank could raise its target interest rate as early as March. Meanwhile, San Francisco Fed Chair Mary Daly said in a virtual event that trimming the Fed balance sheet would come after the fed funds rate normalized.

S&P 500 futures rose 0.2%.

Japan’s Topix index rose 0.6%, S&P/ASX 200 1.2%, Korea’s Kospi index rose 1%, Hang Seng index 0.6% and CSI 300 index 0.4%.

Overnight, Wall Street shares fell marginally after a choppy session as markets digested mixed economic data and amid concerns of the Federal Reserve tightening monetary policy.

After Wednesday’s fall, shares attempted to rally during the session, but bargaining efforts did not continue.

The Dow Jones Industrial Average fell 0.5% to close at 36,236.47. The broad-based S&P 500 ended 0.1% lower at 4,696.05, while the tech-rich Nasdaq Composite Index also fell 0.1% to 15,080.86.

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Usama Younus

Usama Younus is the owner and super admin of the site he's is an expert in news editing, tech and entertainment magazine management, and articles editing E.T.C.

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