*SGX Nifty: 17,428: +9: +0.05%*
Sensex:58,297: +167: +0.29%
Nifty: 17,378: +54: +0.31%
Dow: 35,369 (-75) (-0.21%): shut
S&P: 4,535 (-2) (-0.03%): shut
Nas: 15,364: +32: +0.21%: shut
Brazil: 117,869: +935: +0.80%
Ftse: 7,187: +49: +0.68%
Dax: 15,932: +151: +0.96%
Cac: 6,744: +54: +0.80%
WTI Oil: $68.89 (-0.58%)
Brnt: $72.22 (-0.54%)
Gold: $1,826 (-8) (-0.45%)
Silver: $24.75 (-0.21%)
Copper: $433 (-0.09%)
Eur-$: 1.1871
GBP-$: 1.3837
Jpy-$: 109.84
Re: 73.1075: +0.12%
US10yr: 1.32%: shut
GIND10YR: 6.173: +0.28%
$ Index: 92.2140: +0.19%
Vix: 16.41: shut
BalticDry: 3,944 (-57) (-1.42%)
*ADR/GDR :*
Cogni (-0.98%): shut
Infy: +1.39%: shut
Wit: +1.16%: shut
IciciBk: +0.20%: shut
HdfcBk (-2.06%): shut
DrRdy: +0.58%: shut
TataMo: +1.46%: shut
Vedanta: +1.73%: shut
TatSt (%)
Axis: +0.73%
SBI (-1.01%)
RIGD: +1.22%
INDA: +1.04%: shut (IShares MSCI INDIA ETF)
INDY: +0.81%: shut (IShares MSCI INDIA 50 ETF)
EPI: +0.97%: shut (Wisdom Tree India Earning)
PIN: +1.27%: shut (Invesco India Etf)
*Global stocks rose for a seventh day and U.S. equity-index futures rallied as investors bet slower hiring in the world’s largest economy may delay a tapering of Federal Reserve stimulus, while speculation has risen over more stimulus in Japan and China. U.S. markets are closed on Monday for the Labor Day holiday. Aluminum hit a decade high amid political unrest in mineral reach (Bauxite) Guinea.*
*European shares climbed on Monday to end near record levels, led by technology stocks which surged to their highest this year as a surprise rise in German factory orders pointed to improving global demand and boosted sentiment.*
*The European Central Bank is due to meet this week for its latest policy decision, however analysts expect the bank will wait until December to announce the reduction of its Covid-related stimulus….CNBC*
*Investors are also focusing on the European Central Bank (ECB) meeting this week where the central bank is expected to debate tapering its own stimulus.. as some of its hawkish policymakers are calling for it to start paring back bond purchases with inflation surging and the growth in euro zone resilient….Reuters*
“Our base case scenario is that the ECB will announce a moderation of asset purchases in Q4 amid a solid economic growth backdrop, easier financing conditions, higher inflation forecasts and lower net issuance of government bonds,” Unicredit analysts said.
*Asia-Pacific stocks were mostly higher on Monday. Japanese stocks were the biggest gainers regionally for a second successive session after Japanese Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election.*
*Investors hope a new prime minister may bring further fiscal spending, while speculation has also begun in China that more fiscal and monetary stimulus may be on the horizon as the recovery slows.*
Still, trading volumes were muted throughout the day due to a public holiday in the United States.
The tech index ended at 829.31 points, its peak so far in 2021 and its highest since December 2000.
Recent uncertainty over monetary policy and rising COVID-19 cases has pushed investors into technology stocks, which have been the best-performing sector through the pandemic.
*German stocks rose 1.0% after a rise in July German factory orders boosted sentiment by suggesting there was strong demand for goods from Europe’s biggest economy.*
Last week, BofA Securities upgraded its euro area growth and inflation forecasts, predicting the bloc’s economy would expand 4.8% this year, up from its previous forecast of 4.2%.
Media and retail stocks were also among the best performing European sectors for the day.
Italian defence group Leonardo gained 2.3% after its chief executive officer said the company still aimed to list its U.S. unit DRS when the right market conditions are in place.
French supermarket group Carrefour rose 1.9% on news that France could ease health pass restrictions that are hurting the activity of large shopping malls.
By: via @AlliesFin Serve Stock Market
