Monday, 25 June 2018

• Asian equities trade mostly lower in the morning today amid lingering trade concerns. The PBoC announcement that it would cut the required reserved ratio (RRR) by 0.5% caught some attention.
• U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production.
• A Reuters poll says, the chances that the ECB will extend its asset purchases by into the next year remain low while a majority analysts expect a downgrade in the Eurozone economic growth for this year.
• The EU summit this week could prove to be a market mover as a weak final message from the EU leaders would add fuel to the weak sentiment in the EZ post Italian worries.
• The Dollar index moves up above 94.50 and seems to sustain, moving further up.
• The Indian Rupee is opened weaker at 67.99 with expectations on USDINR to trade strong targeting 68.30 today.

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