Date:- 26th August 2017
Markets from 21st August 2017 to 25th August 2017:-
- On a weekly basis, the currency rose 0.17%, its first weekly gain since week ended on Aug. 4. The rupee closes on Thursday at 64.03 against the previous weekly close of 64.1375 on August 18th, 2017 to a greenback. It trades in a narrow weekly range between 64.1525 to 64.01 against the greenback.
- Indian financial markets were shut yesterday for a local holiday.
- India’s foreign exchange reserves fell to $393.40 billion as of Aug 18, compared with $393.61 billion a week earlier, the Reserve Bank of India said on Friday.
- The euro jumped more than 1 percent and yields on benchmark U.S. government debt remained at unattractive rates on Friday after the world’s two leading central bankers declined to discuss monetary policy in keynote speeches.
- Federal Reserve Chair Janet Yellen’s non-policy remarks at an annual meeting of central bankers in Jackson Hole, Wyoming pushed U.S. Treasury debt yields lower and increased chances that the U.S. central bank will not raise interest rates in December as had been widely anticipated.
- The euro, meanwhile, jumped more than 1 percent after European Central Bank President Mario Draghi, speaking after Yellen, did not talk down the euro zone single currency’s strength as some investors had speculated.
- Orders for U.S durable goods, items ranging from toasters to aircraft meant to last three years or more, fell 6.8% in July, the Commerce Department said on Friday, missing expectations of just a 6% decline.
- The dollar index fell 0.78 percent and the euro EUR gained 1.04 percent to $1.1924. The Japanese yen strengthened 0.23 percent versus the greenback at 109.30 JPY.
- S. stocks were mixed at the close on Friday. The Dow Jones Industrial Average closed up 30.27 points, or 0.14 percent, to 21,813.67. The S&P 500 gained 4.08 points, or 0.17 percent, to 2,443.05 and the Nasdaq Composite dropped 5.68 points, or 0.09 percent, to 6,265.64.
- European markets finished mixed to lower on Friday as of the most recent closing prices. Shares in Germany fell as the DAX dropped 0.11%. The FTSE 100 lost 0.08% while the CAC 40 in France closed unchanged.
- Indian shares ended little changed on Thursday as gains in IT and pharmaceutical stocks were offset by profit booking in financials.
- The benchmark BSE index closed up 0.09 percent at 31,596.06 and recorded a 0.23 percent weekly gain while the broader NSE index ended 0.05 percent higher at 9,857.05, up 0.2 percent on week. Both the indexes posted their seventh weekly gain in eight.