MARKET OVERVIEW GLOBAL TRACKER : 25.08.2016
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Asian markets remained supported despite the weak close of the US markets as investors wait for Yellen’s statement on Friday.
Surprise rise in crude oil inventories led to a sharp fall in crude prices, denting risk appetite. US dollar inched higher against the majors despite a drop reported in existing home sales.
Germany business climate data would be watch but all action would depend on expectations for tomorrow’s Jackson Hole symposium.
Rupee is set to open on a flat note and is likely to remain range bound for the day. Only new stream of interpretations after Yellen speech tomorrow would move the pair.
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Asian markets remained supported despite the weak close of the US markets as investors wait for Yellen’s statement on Friday.
Surprise rise in crude oil inventories led to a sharp fall in crude prices, denting risk appetite. US dollar inched higher against the majors despite a drop reported in existing home sales.
Germany business climate data would be watch but all action would depend on expectations for tomorrow’s Jackson Hole symposium.
Rupee is set to open on a flat note and is likely to remain range bound for the day. Only new stream of interpretations after Yellen speech tomorrow would move the pair.