Page 32 - Global Markets
Global share markets fall as US inflation hits nearly 8%, ECB moves
Global share markets slid on Thursday as U.S. inflation hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week
 "Global share markets fall as US inflation hits nearly 8%, ECB moves")
Gold resumes advance as Russia-Ukraine talks re-ignited a shift
A rush to safe-haven assets earlier this week due to the Ukraine crisis powered gold prices to near record levels hit in August 2020.
 "Gold resumes advance as Russia-Ukraine talks re-ignited a shift")
Global market can't dictate Indonesia palm policy: Trade Minister
Indonesia's palm oil price should not be dictated by external market, its trade minister said, backing his decision to expand palm oil export curbs at time of surging global prices from supply crunch
 "Global market can't dictate Indonesia palm policy: Trade Minister")
Euro rallies ahead of ECB meet, Poland's zloty and Hungary's forint surge
Sterling rose 0.4% against the dollar to $1.3148, Poland's zloty jumped 1.8% against the greenback to 4.3808 and Hungary's forint surged 2.8% to 345.80.
 "Euro rallies ahead of ECB meet, Poland's zloty and Hungary's forint surge")
Euro edges up 0.5% against the dollar ahead of ECB meeting
Other European currencies such as Poland's zloty and Hungary's forint rebounded from record lows against the euro, both supported also by their central banks' sharp interest rate hikes on Tuesday.
 "Euro edges up 0.5% against the dollar ahead of ECB meeting")
Most global indices are near bear territory. Will the Sensex, Nifty follow?
Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months
 "Most global indices are near bear territory. Will the Sensex, Nifty follow?")
Dollar loses steam, euro steadies as oil backs off in volatile day
By David Henry and Saikat Chatterjee
 "Dollar loses steam, euro steadies as oil backs off in volatile day")
Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis
The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday as intensifying geopolitical risks
 "Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis")
Japan's Nikkei slips to 15-month low as Russia Ukraine crisis intensifies
Japan's Nikkei index hit a 15-month low on Friday as global markets remain on edge following reports of Europe's largest nuclear power plant set on fire amid an intensifying war between Ukraine-Russia
 "Japan's Nikkei slips to 15-month low as Russia Ukraine crisis intensifies")
Within days, Russia's war on Ukraine squeezes the global economy
Ocean rates may double or triple to $30K/ container & air freight costs are set to jump even higher
 "Within days, Russia's war on Ukraine squeezes the global economy")
Russian stocks listed abroad plunge as much as 74%with Moex shut still
The largest US-listed ETF tracking Russian equities, VanEck Russia ETF, fell 12 per cent in premarket trading after cratering 30 per cent
 "Russian stocks listed abroad plunge as much as 74%with Moex shut still")
Commodities up as Russia's nuke alert, West's sanctions spur supply worries
Oil, grains rise; aluminium at record high, nickel up on Russian supply worries, fears of food inflation as wheat, corn, edible oil prices rally
 "Commodities up as Russia's nuke alert, West's sanctions spur supply worries")
Financial markets trying to discount changing news flow: Rabobank Intl
The accommodative RBI policy, combined with fiscal stimulus and (further) increase in energy commodities, particularly oil, increases the odds of high inflation, say Lambregts and Eijkelenburg
 "Financial markets trying to discount changing news flow: Rabobank Intl")
Statsguru: How Russia-Ukraine conflict is impacting global markets
Financial markets, too, have felt ripples of the event
 "Statsguru: How Russia-Ukraine conflict is impacting global markets")
US didn't cut off Russia from SWIFT to prevent unwanted consequences
SWIFT is a global cooperative of financial institutions that began in 1973
 "US didn't cut off Russia from SWIFT to prevent unwanted consequences")
World shares up, US futures sink as Russia moves toward Ukraine capital
World shares advanced Friday but US futures were lower as Russian troops pressed toward the capital of Ukraine.
 "World shares up, US futures sink as Russia moves toward Ukraine capital")
Stocks extend sell-off as US warns of imminent Russian invasion of Ukraine
The crisis deepened this week after Russian President Vladimir Putin dispatched troops into parts of Ukraine, triggering sanctions from Western countries.
 "Stocks extend sell-off as US warns of imminent Russian invasion of Ukraine")
World markets have not broken sweat since Russian escalation: Here's why
Yet as the world braces for a possible war in Ukraine, we still know relatively little about the interplay between conflicts and financial markets
 "World markets have not broken sweat since Russian escalation: Here's why")
World stocks bounce as investors eye Putin's next steps in Ukraine
Global stocks broke a four-day slide and demand for safe-haven assets waned on Wednesday
 "World stocks bounce as investors eye Putin's next steps in Ukraine")
Foreign brokerages trim Nifty December 2022 target amid headwinds
Our 10 mean reversion scenarios put the Nifty50 December 2022 target at an average of 17,500, said Jefferies
 "Foreign brokerages trim Nifty December 2022 target amid headwinds")