Key Events in Focus: Inflation Data, Powell’s Testimony, and Earnings Reports
Investors anticipate June’s CPI and Powell’s testimony, with earnings reports from major banks adding to a pivotal week in markets. All eyes on inflation trends.
Sensex and Nifty Surge as Investors Await May Inflation Data and Fed’s Monetary Policy Decision
Indian stock market indices, Sensex and Nifty, opened on a positive trajectory today as investors eagerly awaited the release of May’s retail inflation data and monitored the US Federal Reserve’s monetary policy decision. The S&P BSE Sensex registered a rise of 0.19% at 9:16 am, reaching 62,741.42, while the NSE Nifty 50 climbed 0.18% to 18,597.08. The broader markets also showcased positive momentum, further reinforcing investor confidence.
Dollar rises as China COVID worries spur safe-haven buying
The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment.
Shares dip, dollar strengthens as markets eye U.S. inflation data
Shares dipped slightly and the dollar firmed on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s rate plans, while the likely collapse of a major digital asset exchange rattled crypto investors.
