Equities, Commodities, and Forex Insights from January 5-10, 2025 - Weekly Insights
Equities, Commodities, and Forex Insights from January 5-10, 2025 - Weekly Insights
๐ฎ๐ณIndia
๐ TCS soars 6% to โน4,265.65 on positive outlook and demand revival!
๐ HCL Technologies hits โน1,995.60 but lags behind TCS in gains.
๐ Sensex & Nifty dip 1% on Jan 3 amid profit booking in IT & banking.
๐ MakeMyTrip shines with 139% gains, now in the buy zone!
๐จ Asian Paints slides 1.31% to โน2,319.70, far from its 52-week high.
๐น ITI Ltd. reaches โน457.25, marking a stunning 20% all-time high.
๐ข Sensex opens 60 points higher on Jan 10, tracking strong Asian trends.
๐ Sensex drops 720 points on Jan 3; IT & banking sectors hit hardest.
๐ Closing Bell: Sensex ends at 77,378.91 with TCS leading gainers!
๐ฐ Microsoft pledges $3B for India AI & cloud, to train 10M by 2030!
๐พ SEBI extends agri commodity trading ban till Jan 2025 to curb speculation.
๐ Wheat prices hit โน33,000/ton, raising inflation worries.
๐ MCX stock falls 3.11%, reflecting weak market trends.
๐น Rupee NDF trading hits record $161B in Dec 2024, driven by arbitrage.
๐ BSE expects IPO momentum in 2025 with โน1T from 90+ filings!
๐ Edible oil industry feels pinch from extended trading suspension.
๐ธ Rupee drops to โน85.93/USD as RBI steps in to curb losses.
๐ Rupee opens weak, falling 11 paise to โน85.75/USD on Jan 2.
๐ฑ Forex reserves dip to $634.59B, marking a 10-month low.
๐ง Banking system faces โน1.5T liquidity deficit due to forex interventions.
๐ FPIs withdraw โน3,500 crore over currency concerns.
๐ต RBI infuses โน50,000 crore via repo auction to ease liquidity crunch.
๐ฆ Investors await RBI policy on Jan 15 for interest rate updates.
๐ India's GDP growth forecast at 6.4% for FY25, lowest since 2020-21.
๐ฝ Inflation eases to 5.3% in Dec 2024, thanks to cooling food prices.
๐ Rupee weakens to โน85.97/USD, marking 10th week of decline.
๐ Gold demand slows in India as prices peak during Khar Mass.
๐ Fiscal deficit targets under pressure amid slowing GDP growth.
๐ญ Manufacturing growth slows to 5.3%, signaling reduced industrial activity.
๐ Consumer spending rises, with PFCE growth projected at 7.3%.
๐พ Agriculture growth expected to climb to 3.8%, boosting rural demand.
๐ Upcoming RBI & Budget decisions aim to address economic challenges.
๐ Accel launches $650M fund for startups in India & Southeast Asia!
๐ผ Blackstone plans $2B annual investment in Indian real estate & tech.
Asia/Pacific Market-
๐จ๐ณ Chinese Markets Fall: CSI 300 index drops 0.2%, facing its worst start in 2025 due to weak economic data.
๐ธ Renminbi Hits Low: Yuan slides to 15-month low at 7.33/USD amid economic fears.
๐ Asian Markets Slip: Equities fall ahead of U.S. job data, with MSCI index in correction.
๐ฑ Yen Steady: Japanese yen remains at 158/USD as intervention rumors swirl.
๐ Hang Seng Dips: Hong Kongโs index edges 0.2% lower amid cautious trading.
๐ฐ๐ท Kospi Slight Gain: South Korea's Kospi rises marginally, signaling cautious optimism.
๐ Taiwanโs Taiex Drops: Falls 1.4% on tech demand concerns.
๐น๐ญ Thailandโs SET Down: Drops 1.8% as domestic policy worries rise.
๐ฆ๐บ Australia Slight Dip: ASX 200 falls 0.2%, reflecting global caution.
๐ข Oil Prices Up: U.S. crude rises 0.8% on inventory drops despite Asian concerns.
๐ฅ Gold Demand Shifts: High prices slow demand in India; Lunar New Year boosts buying in Asia.
๐ฆ China Bonds Fall: Yields near 1%, signaling economic and deflation concerns.
๐ Asian Equities Waver: Rising bond yields impact markets across Asia.
โฝ Oil Imports Down: Asiaโs crude imports fall 1.4%, led by Chinaโs EV shift.
๐ Global Market Review: Mixed results as oil rises and gold dips.
๐ Copper Holds Firm: Prices steady at $4.15/lb amid China policy hopes.
๐ Treasury Yields Up: Bear steepening widens spreads amid inflationary pressures.
๐ข US Imports Surge: Up 3.4% on expedited shipments and higher goods demand.
๐น Yen Under Pressure: Inflation worries weigh on Japan's currency.
๐ IMF Growth Forecast: Global growth steady with regional disparities.
๐ป๐ณ Vietnam Monetary Flex: Targets 16% lending growth amid inflation monitoring.
๐ฑ Asian FX Weakens: Currencies hit 20-year low against USD on trade tensions.
๐ฐ Yuan Slides Further: Weakens to 7.33/USD as PBOC signals rate cuts.
๐ South Korean Won Volatile: Govโt assures stability amid global uncertainties.
๐ฆ๐บ Aussie Dollar Rises: Modest gain driven by domestic resilience.
๐ณ๐ฟ NZ Dollar Stable: Holds firm with slight appreciation against USD.
European Market-
๐ European Stocks Slip: STOXX 600 down 0.1% as bond yields rise, led by German bunds at a six-month high.
๐ฌ๐ง UK Market Falls: FTSE 100 dips 0.2%, driven by banking and insurance sector losses ahead of U.S. jobs data.
๐ข Energy Sector Boost: Energy stocks rally, pushing STOXX 600 up 0.6%, with oil and gas surging 2.3%.
๐ก Telecom Outperforms: Deutsche Telekom and peers strengthen, offsetting food and beverage sector declines.
๐ฅ Healthcare Gains: Danish medical device maker Ambu A/S reports strong results, lifting shares significantly.
โก Utilities Struggle: Sector down 0.9%, sensitive to rising bond yields impacting investor sentiment.
๐ข Oil Prices Firm: Brent crude steady at $76 per barrel, driven by Asian demand and geopolitical factors.
๐ฌ Sugar Futures Fall: ICE Sugar No. 5 contracts decline, with March futures dropping 1.4% amid global oversupply.
โ Natural Gas Surges: Prices rise 1.8% due to colder weather and increased heating demand.
๐ฅ Gold Declines: Down 1.6% due to a stronger USD, but rebounding slightly as U.S. bond yields fall.
๐ฆ Record Bond Sales: European bond market sees โฌ30.4B raised in a single day, a decade-high issuance.
๐ Euro Zone Yields Rise: German 10-year bund yield hits 2.32%, reflecting central bank rate expectations.
๐ UK-China Economic Relations: Chancellor Rachel Reeves pushes for trade with China, amid adjusted rate cut expectations for 2025.
๐ Bond Vigilantes Watch: Focus shifts to high debt in the US, UK, and France, sparking market sell-offs.
๐ Euro Zone Inflation: Holds at 2.2%, with services inflation at 3.9%; ECB remains cautious on rates.
๐ฆ ECB Tough Stance: Rates cut to 3%, but President Lagarde emphasizes the continued inflation battle.
๐ธ๐ช๐ณ๐ด Nordic Data Mixed: Sweden shows slowing growth, while Norway displays resilience in select sectors.
๐จ๐ญ Swiss Jobless Rate Rises: Swiss unemployment rate increases, adding to broader economic concerns.
Africa and Middle East
๐ Saudi Stock Market Drops: Profit-taking leads to a 0.3% decline after five days of gains.
๐ Egypt's Stock Market Up: Blue-chip index rises 0.6%, driven by El Sewedy Electric Co's 8.4% surge.
๐ Gulf Markets Up: Most Gulf markets rise ahead of U.S. economic data, with Saudi and Dubai showing gains.
๐ Qatar Stock Market Falls: Qatari index drops 0.9% amid banking sector losses.
๐ฅ Almoosa Health Co's Debut: Shares soar 15% on the first day of trading, reflecting strong investor interest.
๐ Jefferies Promotes Five: Five investment bankers promoted to managing director roles in the Middle East and Europe.
๐ฅ Iran Faces Economic Struggles: Iran braces for challenges with stricter U.S. sanctions and economic crisis.
๐ M&A Resilience in MEA: Middle East and Africa show resilience in M&A activity despite global decline.
๐ Oil Prices Rise: Brent crude up 0.5% amid tightening supply from Russia and OPEC.
๐ Saudi Arabia Approves New Law: Cabinet approves a new Petroleum and Petrochemical Law to ensure supply security.
๐ Dubai Islamic Bank Lifts Abu Dhabi Index: Bankโs strong performance drives Abu Dhabi index up by 0.3%.
๐ Egypt Blue-Chip Index Falls: Egyptโs blue-chip index drops 0.5% amid ongoing economic uncertainties.
๐ Saudi Benchmark Declines: Saudi benchmark index drops 0.2%, despite Nice One Beauty's 30% debut surge.
โ Qatar Index Flat: Qatarโs index remains flat amid market volatility and cautious sentiment.
๐น Abu Dhabi Financial Boost: Abu Dhabi index rises 0.3% led by strong performance in financial sector.
๐ Dubai Index Correction: Dubai's main share index declines 0.1% after recent gains.
๐ฅ Nice One Beauty Debut: Shares surge 30% on debut, closing at 45.5 riyals per share.
Americas
๐ผ Strong Jobs Report Raises Inflation Concerns: U.S. adds 256,000 jobs in December, spurring fears of persistent inflation.
๐ S&P 500 & Nasdaq Gain: Both indices post back-to-back gains, fueled by tech sector strength.
๐ป Tech Stocks Lead Recovery: Nvidia and Micron see major stock surges, driving market rebound.
๐ Market Volatility: Speculation on Fed rate policies causes market fluctuations.
๐ก BlackRockโs 2025 Strategy: Pro-risk stance, favoring quality U.S. stocks and ETFs for high-quality equities.
๐ Earnings Reports to Influence Sentiment: Upcoming reports from JPMorgan, Goldman Sachs, and others may shift market mood.
๐ Trumpโs Tariff Plan Moves Markets: Investor sentiment shifts as Trumpโs tariff plans narrow, boosting Ford & GM stocks.
๐ Stock Market Declines After Jobs Report: Major U.S. indexes drop as strong jobs data raises interest rate concerns.
๐ฝ Corn Futures Dip: USDA data release causes slight decline in corn futures after a recent surge.
๐ Canadian Stock Futures Rise: Canadian futures up 0.4% ahead of economic data and PM Trudeauโs potential resignation.
๐ข Polar Vortex Drives Energy Prices Up: Natural gas and heating oil prices spike as U.S. faces extreme cold weather.
๐ฐ Gold Prices Strong Amid Uncertainty: Gold reaches two-week high as investors seek safe-haven assets.
โก Green Hydrogen Cost Up: Green hydrogen costs rise, delaying its affordability for decades.
๐ผ U.S. Job Growth Exceeds Expectations: Decemberโs job growth hits 256,000, dropping unemployment to 4.1%.
๐ Treasury Yields Surge: Yields rise post-jobs report as markets adjust to higher interest rate expectations.
๐ณ Record Corporate Bond Issuance: U.S. companies raise $62.7B in bonds, locking in favorable borrowing costs.
๐ฆ Fed Rate Cut Expectations Shift: Strong jobs data delays expected rate cuts to September 2025.
๐ Bond Market Braces for 5% Yield: U.S. 10-year Treasury yields could hit 5% amid fiscal policy concerns.
๐ Stocks React to Jobs Data: U.S. indexes drop as job growth raises concerns over sustained inflation and rates.
๐ต Inflation Influences Fed's Rate Decisions: Fed cautious about rate cuts as inflation concerns persist.
๐ผ Corporate Bond Issuance Reflects Market Trends: Companies rush to issue bonds amid rising yields and policy uncertainties.
๐ Market Volatility Tied to Policy Uncertainty: Rising Treasury yields and corporate bond issuance driven by policy concerns.