2022-08-26 06:21:19
Riddhi Siddhi Share Brokers Morning Action @ 7am – Friday, August 26th 2022In early action, SGX Nifty powers higher ahead of Powell’s Jackson Hole Speech.
That said, fears of a hawkish Fed likely to sap traders' enthusiasm on any excessive intraday strength.
RIDDHI SIDDHI SHARE BROKERS 7am GLOBAL UPDATE:# Dow: (+323, 33292)
# Nasdaq (+208, 12639)
# Bovespa (+633, 113532)
# SGX Nifty: (+88, 17676)
# Dow Futures (-54, 33222)
# Nikkei (+251, 28731)
# Hang Seng (+170, 20138)
RIDDHI SIDDHI SHARE BROKERS WHAT HAPPENED AT WALL STREET IN YESTERDAY’S TRADE:# The Nasdaq Composite rose 1.7% to 12,639, the S&P 500 Index climbed 1.4% to 4,199, and the Dow Jones Industrial Average tacked on 1.0% to 33,291.
# WTI crude oil fell 2.5% to settle at $92.52 per barrel, and are now down more than 24% from their mid-June highs above $122.
# The small-cap Russell 2000 rose 1.5% to 1,964.
# Bitcoin slipped 0.3% to $21,611.45.
# Gold futures rose 0.6% to settle at $1,771.40 an ounce.
# The ‘King US Dollar index’, which tracks the greenback against a basket of six major currency peers did slip to 108.55 in overnight trade. A week back, the US Dollar index had scaled a twenty-year high of 109.26. Please note, US Dollar index year-to-date gain are around 13.5%.
# Euro below Parity. The Euro continued to trade below $1, the lowest level since late 2002, dragged down by recession concerns, the ongoing energy crisis and prospects the Fed will continue to raise interest fast.
Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.
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