Mixed signals from global market
There are mixed signals from the global market. Asia has a sluggish start. But SGX NIFTY is under pressure of quarter percent. Yesterday the DOW closed at record levels in the US. But the NASDAQ was down. A jump in bond yields has led to a sell-off in tech stocks.
The Dow climbed 215 points yesterday to close at record levels. At the same time, the S&P 500 closed flat after touching a new record level. The Nasdaq had slipped 210 points yesterday on pressure in tech stocks. A jump in bond yields led to a sell-off in tech stocks. Financial stocks edged higher as bond yields rose. Ford Motor’s stock jumped 11 percent yesterday. Ford has announced to double the production of EV trucks. There was also buying in shares related to airline and travel yesterday.
Bond yields rise in the US
On the other hand, the 10-year US bond yield is seen at 1.65%. The 10-year bond yield has touched 1.71% in intraday. At the same time, investors will have to wait for Fed’s minutes today. ADP will release the job report for December today. 3.75 lakh new jobs are expected to be added in December.
OPEC+ decided to increase crude oil production
OPEC+’s decision to increase crude production has come. OPEC+ has decided to increase the production of crude oil. According to the already decided decision, a target of producing 4 lakh barrels more per day has been set from February. The price of Brent has crossed $80. The US was pressing to increase supplies.
Mixed signals from global market, DOW closed at record levels in America yesterday
The wave of COVID in the country and the world intensified
Meanwhile, the wave of COVID has intensified in the country and the world. 10 thousand 800 in Mumbai and more than 5 thousand 400 new corona patients have been found in Delhi. Strictness has increased in many states including Delhi. Night curfew will remain in Bihar from 6 to 21 January. If you look at the global update of Corona, yesterday there were about 11 lakh new cases of COVID in the US. At the same time, there were more than 2 lakh cases in the UK. A new variant of Corona IHU has also appeared in France.
Asian markets move
If we look at the Asian markets, today mixed trading is being seen here. SGX NIFTY is looking down by 79 points. At the same time, Nikkei is seen around 29,304.95 with a slight increase of about 0.01 percent. A slight gain of 0.09 per cent is also seen in Strait Times. At the same time, Taiwan’s market is trading at the level of 18,552.92 with a gain of 0.14 percent. Whereas Hang Seng is seen at the level of 23,046.07 with a decline of 1.05 percent. At the same time, there is a decline of 0.36 percent in Kospi. The Shanghai Composite is down 0.75 per cent at 3,604.98.