Currencies
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.03 per cent to 90.84. The Indian rupee slumped 29 paise to 73.76 against the US dollar in opening trade on Monday, weighed down by significant foreign fund outflows and rising crude oil prices. Meanwhile, government bonds extended a rebound as equity futures rose and the dollar dipped, meaning potentially calmer markets ahead. At the interbank forex market, the domestic unit opened at 73.76 against the US dollar, dropping 29 paise over its previous close.
Given Europe and Japan’s past struggles with disinflation and sometimes outright deflation, that could mean extra headwinds for the euro and the yen, should the trend continue. It could also give an extra fillip to the Aussie dollar and the kiwi.
Given Europe and Japan’s past struggles with disinflation and sometimes outright deflation, that could mean extra headwinds for the euro and the yen, should the trend continue. It could also give an extra fillip to the Aussie dollar and the kiwi.
Oil
Brent crude futures, the global oil benchmark, rose 1.51 per cent to $65.39 per barrel. It was last at $1,743 an ounce, just above a trough around $1,716.Oil prices extended their gains ahead of an OPEC meeting this week where supply could be increased. Brent crude trades at just above $65 this morning. $100 oil talk, Buffett’s letter, Golden Globe glory. OPEC+ is expected to agree to increase production when it meets on Thursday.
United States
Japan’s Nikkei rallied 2.1 per cent, while Chinese bluechips added 0.5 per cent.NASDAQ futures bounced 1.2 per cent and S&P 500 futures 0.9 per cent. less Matthew Weller Follow With EV bellwether Tesla Motors (NASDAQ:TSLA) seeing its deepest pullback in nearly six months, the market’s confidence in smaller electric automakers is understandably wobbling. Original Post With EV bellwether Tesla Motors (NASDAQ:TSLA) seeing its deepest pullback in nearly six months, the market’s confidence in smaller electric automakers is understandably wobbling.
Most important, of course, will be the Fed, which hasn t pushed back against rising yields, even verbally, as strongly as other central banks. If they want to make a point, five separate Fed governors give speeches on Monday, while Chairman Jerome Powell is due to speak on Thursday. Trump’s Dubai golf delay.
Most important, of course, will be the Fed, which hasn t pushed back against rising yields, even verbally, as strongly as other central banks. If they want to make a point, five separate Fed governors give speeches on Monday, while Chairman Jerome Powell is due to speak on Thursday. Trump’s Dubai golf delay.
Europe
Earnings season is winding down but big names to come this week include lockdown winner HelloFresh and London Stock Exchange Group as it navigates the post-Brexit world. In some rich Western EU countries it might just be a case of switching product brand. Informal video conference of EU tourism ministers 10:30 a.m. Hungary rows with EU party. Nikos ChrysolorasWhat s HappeningRussian Shots | The Czech Republic won t wait for EU approval to use Russia s Sputnik V coronavirus vaccine, Prime Minister Andrej Babis said.
0 
