Hong kong has started trading this morning and have opened lower this morning and have opened lower as this morning and have opened lower as well, as has australias market. Business reporter Suranjana Tewari is across the story from oui newsroom. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday, oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think well see volatility, i think that will be on the framework. If there were to be some sort of counter move by israel, i think that would Rocket Markets very much to the upside as far as crude oil and the us dollar as a safe haven. We see how this all plays with it, but i do expect the markets to appreciate in value, itjust depends on how significant this response is going to be. Or is it
Sentiment this morning . Australian shares have opened lower on the Escalatin Lower on the escalating tensions. Oil prices expected to rise at the start of the asia trading day. Although a lot of this has been priced in. On friday oil prices were at a six month high. Thats because investors really expected that iran would retaliate on that suspected Israeli Attack at the beginning of the month. Traders say any gains will depend on the scale of israels response. I think will see volatility, i think think will see volatility, i think that will be on the framework for that is a word to be some framework for that is a word to be some sort of counter move by israel be some sort of counter move by israel i be some sort of counter move by israel i think that would rock it markets very much to the upside it markets very much to the upside is it markets very much to the upside is far as crude oil in the upside is far as crude oil in the us upside is far as crude oil in the us dollar as a safe h
while india s growth story is strong, but inflation has been a sticking point, and on friday last week, the central bank also did not change the key interest rate, kept it on the higher side, showing its concern on the rising food prices. so that is something the government keenly wants to contain, and after the export curbs were announced last friday, the wholesale prices of onions did see some crashing down but this certainly has not left the exporters very happy. onions are so important to indian cooking aren t they? we saw the response from the farmers, who blocked that highway, what has the response from ordinary people been? well, onion prices have actually gone up substantially since last year, they are almost double. it is a kitchen staple in india and it is also a political subject across states in india, that is why the government is keenly focused on that. there are certainly has been a respite in prices, but most of it will reflect only in coming days when it move
will be key, but export curbs on onions is not the first one. we have seen the government take this road for rice and wheat earlier this year, and prices did come down in the domestic market after the export curbs were announced in the same happened with onions. wholesale market prices have actually been seen coming down, so that is really in the focus because despite the growth story that india portrays where we have seen multiple people updating their growth numbers in the coming months, inflation is still a sticky point and it was the reason why the central bank last friday kept the key interest rates unchanged on the higher side, showing its concern on rising food prices. onions are so important to indian cooking, aren t they? and we have seen some reaction from the producers of onions, those farmers blocking the highway. what has the response been otherwise? at been otherwise? at the moment, onions, been otherwise? at the moment, onions. which been otherwise? at the mo