The SgxNifty Future is trading at 11,194.00 with a loss of -0.17% percent or -19.00 point. The Nikkei 225 Future is trading at 22,313.00 with a loss of -0.34% percent or -77.00 point.The Hang Seng Future is trading at 24,452.00 with a loss of -1.47% percent or -364.00 point.
TODAY’S FACTORS AND EVENTS
India’s Monetary Policy Committee meets this week against a backdrop of severe economic stress. The number of cases of Covid-19 detected in the country is still rising and local lockdowns have diluted the push to reopen the economy. While demand remains weak, there are signs that inflation isn’t yet responding to those conditions. This will pose a dilemma for India’s inflation targeting-MPC, which meets the last time under its current four-year term.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 27,201.52 up with +1.39% percent or +373.05 point. The S&P 500 is trading at 3,327.77 up with +0.64% percent or +21.26 point. The Nasdaq Composite is trading at 10,998.40 up with +0.52% percent or +57.23 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,418.15 with a loss of –0.43% percent or –96.70 point. Hong Kong’s Hang Seng is trading at 24,842.12 with a loss of –1.04% percent or –260.42 point. China’s Shanghai Composite is trading at 3,384.55 up with +0.21% percent or +6.99 point. India’s BSE Sensex is trading at 37,895.33 up with +0.62% percent or +232.00 point at 12:15 PM.
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