• US indices cooled off yesterday after a new round of US-China trade tariffs kicked in that reduced last week's hopes for talks between the two countries. Expectations on further rate hike from the Fed also killed further prospects for US equities.
• Asian stocks struggled today as the latest round of US-China tariffs revived fears the trade dispute would knock global growth.
• Crude oil prices extended further near four-year highs after Saudi Arabia and Russia ruled out immediate production increases. U.S. sanctions against Iran also loom.
• The Dollar was largely steady against its major peers this morning as investors looked to policy clues from the U.S. Federal Reserve, but against the Indian Unit it is seen appreciating further where it is set to open near 73 today and is expected to maintain strength throughout the day to further move up to 73.30.
• Asian stocks struggled today as the latest round of US-China tariffs revived fears the trade dispute would knock global growth.
• Crude oil prices extended further near four-year highs after Saudi Arabia and Russia ruled out immediate production increases. U.S. sanctions against Iran also loom.
• The Dollar was largely steady against its major peers this morning as investors looked to policy clues from the U.S. Federal Reserve, but against the Indian Unit it is seen appreciating further where it is set to open near 73 today and is expected to maintain strength throughout the day to further move up to 73.30.
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