Weekly Forex Forecast: NASDAQ 100 and S&P 500 reach new highs; EUR/USD, AUD/USD, USD/JPY, and Cocoa Futures show volatility amid economic and market shifts.
Additionally, the day's trading direction may be influenced by a few Federal Reserve official speeches, a consumer sentiment reading, and regional bank earnings.
Stock Market Live Updates: Indian indices under pressure as Sensex and Nifty continue downward trend thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The US stock markets ended last week on a cautiously positive note. Friday’s producer price inflation came as a certain relief to inflation worries as the latest data showed an unexpected contraction in the monthly figure. The jump in oil prices, following the US and UK airstrikes in areas in Yemen controlled by the Houthis, which sent the barrel of American crude to past the $75pb level, didn’t last long. The barrel of US crude starts the week below the $73pb level. The risks are tilted to the upside as conflict news continues to flow in this Monday. Rishi Sunak will address Parliament as his government is ready to intensify strikes on Houthi targets. Yet there is a strong barricade into the $74/75pb level in the US crude and near $80pb level in Brent, as the rising global supply, increasing competition to OPEC and the globally weak economic outlook weigh heavier and convince the bears to sell every geopolitically supported rallies.