Stock Market Today: The dollar was under pressure despite the U.S. Federal Reserve’s warning against market bets on interest rate cuts this year as Asian shares rose on Thursday amid investor optimism about China’s recovery from the COVID-19 pandemic.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange rose 51 points, or 0.28 percent, to close at 18162, indicating that Dalal Street would begin the day on a good note.
Tokyo stocks open higher after US gains
Following Wall Street’s gains, Tokyo stocks opened higher on Thursday as markets ignored the Federal Reserve’s repeated statements that it was committed to decreasing inflation.
The broader Topix index increased 0.17 percent, or 3.15 points, to 1871.30, while the benchmark Nikkei 225 index increased 0.57 percent, or 147.01 points, to 25863.87 at the open.
Stock Market Today: Nifty forms long bear candle
Today’s main equity index Nifty created a lengthy bear candle on the daily charts, contradicting the higher low formation of the previous four trading sessions, and this signalled a downside breakout of the market’s recent sideways range trend.
Stock Market Today: S&P closes higher after Fed minutes confirm inflation focus
After volatile trading following the release of the minutes from the Federal Reserve’s most recent meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their pace of interest rate hikes, the S&P 500 finished higher on Wednesday but below its session peak.
Oil prices rebound after opening the year with steep losses
After a more than 9% loss to start the year, the worst start in more than three decades, oil prices recovered on Thursday as traders bought futures in anticipation of stable long-term fuel demand.
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