Recovery elongates on softer DXY, oil advances gradually

Asian indices have extended their recovery as the DXY weakens on lower estimates for US economic data. As per the market consensus, the US Durable Goods Orders are seen at 0.1% vs. 0.5% reported earlier. Oil prices have rebounded as investors have started underpinning the supply constraints. Markets in the Asian domain have extended their … Read more

On track for first daily gain in six, follows Wall Street’s reaction to Fed

Asia-Pacific shares remain firm as Wall Street tracked downbeat Treasury yields after Fed’s 75 bp rate hike. MSCI’s gauge of equity rises for the first time in six days. Mixed Aussie jobs report test Aussie bulls, pre-BOE speculator, light calendar add to the trading filters. Asian markets post the biggest daily gains in over a … Read more

Dip-buying supports Asia, China outperforms on firmer economic data

Asian equities are attracting dip-buyers on a rebound in the positive market sentiment. Chinese stocks are extremely positive on upbeat economic data. The Fed is highly expected to announce a 75 bps rate hike in its monetary policy meeting. Markets in the Asian domain are attracting some bids at dips as the US Treasury yields … Read more

Vulnerable ahead of US Inflation, China jumps on mixed inflation data

Asian equities are facing intense selling pressure on the souring market mood. Lower-than-expected Chinese inflation has supported the respective indices. Oil prices are subdued, however, the upside looks favored on an extreme shortage of oil supply. Markets in the Asian domain are trading weak as investors are speculative over the release of the US inflation. … Read more

Growth, inflation fears keep bears hopeful ahead of ECB, US CPI

Asia-Pacific markets remain depressed as Treasury bond yields remain firm despite the market’s pre-ECB anxiety. Floods China’s Hunan dim importance of upbeat trade data. Fears of higher inflation, recession due to aggressive central bank actions also weigh on sentiment. ECB is ready to end bond purchases, details for July rate-hike, economic forecasts eyed for clear … Read more

Mixed on positive DXY, RBI raises repo rate by 50 bps, China Inflation eyed

A positive DXY has offset the optimism of bullish US indices. The RBI has elevated its repo rate by 50 bps to 4.90%, inflation is seen stable at above 6%. Chinese equities are subdued as investors await China’s CPI. Markets in the Asian domain are trading mixed amid different respective fundamentals. A recovery in Wall … Read more

Trades mixed as firmer yields battle with China-inspired optimism

Asia-Pacific equities fade previous optimism amid mixed clues. Upbeat yields, German inflation and Eurogroup sanctions weigh on sentiment. Shanghai’s unlock plan, downbeat China data suggests more relief for traders. Eurozone inflation, Biden-Powell meeting will be important for immediate directions. Asian traders fade the week-start positivity as bond-buying halts amid/ sentiment ahead of the key events. … Read more

Rebounds on pleasant market mood, DXY plunges, oil near $115.00

A broad-based optimism has been witnessed in the markets as Fed rate hike fears faded. The DXY has refreshed its monthly lows at 101.43, more downside looks possible. Oil prices are boiling on renewed supply concerns. Markets in the Asian domain have rebounded strongly after following positive cues from the Western indices. The risk-on impulse … Read more

Modestly positive on positive cues from Wall Street, DXY flat, oil above $110.00

Asian indices are following the footprints of the positive closing of Wall Street. The DXY is trading subdued ahead of the US GDP, which is seen stabled at -1.4%. Oil prices are expected to scale higher amid rising uncertainty over Europe’s embargo on Russian oil. Markets in the Asian domain are auctioning positively, following the … Read more