Wednesday, 16 May 2018

Good Morning!

The BJP emerges as single largest party in the Karnataka State elections falling short of majority, dampens the sentiments. The Rupee weakened yesterday. Indian equities to take a hit today.
Asian markets fell in early trade today after Pyongyang suspended talks with Seoul, throwing a major US-North Korean summit into question.
A spike in the US 10-year Treasury bond yields to a seven-year high knocked sentiment on Wall Street yesterday after strong retail sales data stoked inflation concerns and investors were left anxious about looming trade talks between the U.S. and China.
WTI crude oil prices settled higher yesterday as expectations for reduced global supplies following U.S. sanctions on Iran offset concerns over rising U.S. crude output.
The dollar index hovered near a five-month high today, as a surge in the benchmark 10-year Treasury yield above 3 percent set the index rallying again after a minor halt.
The Indian Rupee is seen opening at 68.14 a dollar today and expected to trade weaker between 67.80-68.30 for the day.

Regards
Karvy Forex

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