Open: London Session | Forex, Metals, Oil, Agriculture March 02, 2021



Capacity expansion in Maggi Noodles in Sanand will be part of the first phase in CY21, followed by Coffee in Nanjungud and Chocolate investment in Ponda and Tahliwal.


“The market has been in a euphoria for some time and everybody says the dollar will weaken on rising risk appetite. Elsewhere, chipmaker Infineon will replace telecommunications equipment maker Nokia in the Euro Stoxx 50 equity benchmark later this month.


But oil prices dipped yesterday and gold also slipped.


However, high crude prices and concerns of higher commodity prices are likely to remain as key challenges for the markets in the near term.

United States

Normally, Fed asset purchases would put lendable funds into the commercial banking system, and banks would make loans and thus create money. His bottom line: In brief, the aggregate bubble gauge is around the 77th percentile today for the US stock market overall. Overnight, the US markets closed on strong note, as bond yields cooled off a bit. In response, following the election of Donald Trump when investors similarly reacted to the prospect of much bigger fiscal stimulus.
The U.S is also poised to announce punitive measures over Navalny as soon as today in what appears as a coordinated move between Brussels and the Biden administration. The Fed grows its assets by purchasing assets. Trump had vaccine while president. Fed credit, or out of nowhere, if you will.


Here s a reminder of the proposals.Russian Sanctions | EU ambassadors approved sanctions against four senior Russian law enforcement officials over the jailing of opposition leader Alexey Navalny. The move will be cheered by the EU s tourism-dependent economies (here s what Portugal s secretary of state for tourism told us). “There’s everything to like about the rally in EU and US equity markets,” said Chris Weston, the head of research at Pepperstone Group Ltd in Australia.
But investors didn t appear troubled at all that the ECB did nothing to prevent borrowing costs from rising. Dublin wins post-Brexit.