![]() We advise investors to check with certified experts before taking any investment decisions. But here's what investors should be doing now. In early morning session on Monday, US 10 yar bond yield is down 0.37 per cent to 3.433 whereas US 30 year bond yield is 0.41 per c ent down to 3.746 levels.ĭisclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. The major indexes rebounded Friday, back near 2023 highs again. In early morning session, WTI crude oil price is down 0.14 per cent to $71.18 per barrel whereas Brent crude oil price is 0.21 per cent down at $75.11 per barrel. There have been job additions of 253,000 as against an estimate of 180,000 and the unemployment rate slumped to 3.4%, which led to a surge in the US treasury yields and triggered some profit booking in the precious metal towards the close of the week." Dow Jones Industrial Average (DJI) Charts, Data & News - Yahoo Finance Yahoo Finance Plus U.S. On why gold price corrected on Friday, market expert Sugandha Sachdeva said, "The US non-farm payroll data for April was quite upbeat indicating a robust labor market. In early morning Asian stock market trade, gold price slightly up at $2,017 per ounce levels. But, every dip is a buying opportunity and one should maintain the same on Monday as technical chart structure is looking positive and it may bounce back from the support levels," said Anuj Gupta.Īfter climbing to life-time high of $2,081.80 per ounce levels last week, gold price came down towards its support at $2,010 levels last week as an upbeat non-farm payrolls date aided US dollar to rebound from its one month lows. "SGX Nifty is indicating sideways to positive trend on Monday. However, the index is continuously trading in small 40 points range signaling sideways opening on Dalal Street. In early morning Asian stock market session, SGX Nifty opened higher and went on to climb to intraday high of 18,185. Hong Kong's Hang Seng gained 0.68 per cent whereas South Korean KOSPI shot up 0.92 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3%, while Japan's Nikkei eased 0.62 per cent. Global market is expecting 0.40 per cent rise in the US inflation during April, with the annual pace of core inflation slowing just a tick to 5.50 per cent. In early morning session on Monday, Asian stock market has inched higher as market is expecting ease in the US inflation putting pressure on the US Fed to cut down interest rate. Bank (now Citibank) and a director of the Federal Reserve Bank of New York. We expect USDINR spot to trade in between 81.30 to 82.30 in the near term." On Black Monday, October 28, 1929, the Dow Jones Industrial Average declined. Any recovery in crude oil prices from lower levels may also weigh on Rupee at lower levels. Traders may also take cues from US non farm payrolls data, which shows strength in the job market and is expected weaker than previous month. ECB hiked interest rates by 25 bps, its slowest pace since it started hiking rates, raising a caution. However, Dollar recovered slightly as Euro fell post ECB monetary policy. On US dollar vs INR, Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas said, "We expect Rupee to trade with a slight negative bias on risk aversion in global markets amid concerns over global economic slowdown and renewed fears over banking crisis in US. Dollar Index regained 101 levels on Friday and in early morning deals on Monday, the index is sustaining above 101 levels with some minor gains. US dollar rebounded from its one month low. Eastern, and Fed Chair Jerome Powell's news conference a half hour later. This put gold and other assets under pressure that also worked in favour of equities."Īfter strong US payrolls data signaling a robust labour market. Stocks were holding modest gains just ahead of the Fed policy announcement due at 2 p.m. CNN Sans ™ & © 2016 Cable News Network.On why US stock market surged on Friday, Anuj Gupta, Vice President - Research at IIFL Securities said, "On Friday, upbeat US non-farm payroll data pushed US dollar rates higher leading to rise in the market sentiments on higher side. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. 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