Asian stocks extended gains and Treasuries held on to declines on bets that economic growth is strong enough to withstand heightened geopolitical tensions.
The dollar held onto gains ahead of U.S. inflation data later this week that could impact the timing of the next Federal Reserve interest-rate hike. Oil rose as OPEC and its allies are discussing an extension of output curbs.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, was little changed at 10,103 as of 7:12 a.m.
Here’s a quick look at all that could influence equities on Wednesday.
U.S. stocks added to records on Tuesday and the dollar held gains while Treasuries fell for a second day as the Trump administration plotted strategy for pushing a tax overhaul.
Apple Inc. slipped, as did some of its biggest suppliers, after investors were underwhelmed at the unveiling of the company’s latest gadgets. The pound jumped as U.K. inflation accelerated more than forecast, and oil rose as producers were said to discuss extending output cuts. The Stoxx Europe 600 Index rose 0.5 percent, hitting the highest in five weeks
West Texas Intermediate crude rose 0.1 percent to $48.29 a barrel, up for a third day. The Organization of Petroleum Exporting Countries OPEC and its allies are discussing extending by more than three months the oil production cuts that expire in March 2018. Gold was at $1,331.13 an ounce. ICE Sugar ended lower at 14.54 cents a pound; down 2.02 percent
Earnings To Watch
Earnings Reaction To Watch
Future Lifestyle Fashions (Q1FY18 YoY)
Shemaroo (Q1FY18 YoY)
Asahi Songwon Colours (Q1FY18 YoY)
Jet Air (Q1FY18 YoY)
Kesar Terminals (Q1FY18 YoY)
Mandhana Retail (Q1FY18 YoY)
Stocks To Watch
SP Apparels: Scottish Oriental Smaller Companies Trust plc bought 4.87 lakh shares (1.9 percent) at Rs 411.1 (average)
Nath Bio Gene Ltd: Satpal Khattar bought 2 lakh shares (1.25 percent) at Rs 406.5 (average) each
Omkar Speciality Chemicals: Promoter Omkar Herlekar sold 1.65 lakh shares (0.8 percent) at Rs 87.75 each
Who’s Meeting Whom
Movers & Shakers This Month (NSE 500)
Only intraday positions can be taken in stocks which are in F&O ban, incase of rollover there is a penalty
Stocks Seeing High Open Interest Change
UBS on TCS
Credit Suisse on Oil & Gas
BoFAML on GAIL India
Credit Suisse on Market Strategy