@AlliesFin
Nifty expected to open near flat zone. Nifty may take some more time before breaking out of intermediate resistance zone of 11633-11725.
Bank Nifty may continue to lead the charts today and weekly options expiry may add some fuel to the recovery trade.
US markets had a mixed day yet again on Fed meet.
US Fed left rates unchanged and also indicated to keep them lower for a prolonged period. Fed also highlighted the shift to average inflation targeting regime.
Dow finished just above flat line, Nasdaq gave back some gains and was down by 0.9% , S&P also closed in red but Russell 2000 gained close to 1% as money started to move into small caps.
US 10 year closed flat above 0.68, dollar index near 93.25, Vix moved higher above 26.
Crude futures continued to move higher on supply disruption, WTI moved above 40, Brent above 42.
Traders may focus on large cap banks, metals, autos for the day or short term trading . For medium term investing continue to accumulate mid and small cap stocks.
#alliesfin #stockmarket #premarket #observations #india #bharat #fed
Nifty expected to open near flat zone. Nifty may take some more time before breaking out of intermediate resistance zone of 11633-11725.
Bank Nifty may continue to lead the charts today and weekly options expiry may add some fuel to the recovery trade.
US markets had a mixed day yet again on Fed meet.
US Fed left rates unchanged and also indicated to keep them lower for a prolonged period. Fed also highlighted the shift to average inflation targeting regime.
Dow finished just above flat line, Nasdaq gave back some gains and was down by 0.9% , S&P also closed in red but Russell 2000 gained close to 1% as money started to move into small caps.
US 10 year closed flat above 0.68, dollar index near 93.25, Vix moved higher above 26.
Crude futures continued to move higher on supply disruption, WTI moved above 40, Brent above 42.
Traders may focus on large cap banks, metals, autos for the day or short term trading . For medium term investing continue to accumulate mid and small cap stocks.
#alliesfin #stockmarket #premarket #observations #india #bharat #fed
*Market watchers noted that the poor showing for Germany’s far-left Die Linke party, meant that a fully left-leaning coalition in the Bundestag was now out of the question.*
*Holger Schmieding, chief economist at Berenberg Bank, said in a research note that a pact between the SPD, Die Linke and the Greens could have “impaired trend growth through tax hikes, reform reversals and excessive regulations.*
*Elsewhere, European Central Bank President Christine Lagarde said in remarks to a European Parliament committee that euro zone inflation could exceed the bank’s projections but price increases would likely be temporary.*
*Meanwhile, the U.K.’s opposition Labour party resumes its annual conference in Brighton Monday.*
U.K. energy stocks like BP were closely watched on Monday after panic buying over the weekend due to a truck driver shortage that left many gas stations in Britain without any fuel.
*Here are some events to watch this week:*
#Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen to testify at a Senate Banking Committee hearing Tuesday
#European Central Bank President Christine Lagarde speaks Tuesday at the ECB Forum on Central Banking
#Japan’s ruling party votes to elect leader, Wednesday
#Central bank chiefs Andrew Bailey (BOE), Haruhiko Kuroda (BOJ), Christine Lagarde (ECB) and Jerome Powell (Fed) participate in an ECB Forum panel, Wednesday
#House Financial Services Committee hearing on the Fed, Treasury’s pandemic response, Thursday
#China Caixin manufacturing PMI, non-manufacturing PMI, Thursday
#Univ. of Michigan sentiment, ISM manufacturing, U.S. construction spending, spending/personal income Friday
*Currencies*
The Bloomberg Dollar Spot Index was little changed
The euro fell 0.2% to $1.1698
The British pound rose 0.2% to $1.3705
The Japanese yen fell 0.2% to 111.00 per dollar
*Bonds*
The yield on 10-year Treasuries rose three basis points to 1.49%
Germany’s 10-year yield was little changed at -0.22%
Britain’s 10-year yield advanced three basis points to 0.95%
*Commodities*
West Texas Intermediate crude rose 2% to $75.46 a barrel
Gold futures were little changed.
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Join AlliesFin channel on telegram
https://t.me/AlliesFin
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*Holger Schmieding, chief economist at Berenberg Bank, said in a research note that a pact between the SPD, Die Linke and the Greens could have “impaired trend growth through tax hikes, reform reversals and excessive regulations.*
*Elsewhere, European Central Bank President Christine Lagarde said in remarks to a European Parliament committee that euro zone inflation could exceed the bank’s projections but price increases would likely be temporary.*
*Meanwhile, the U.K.’s opposition Labour party resumes its annual conference in Brighton Monday.*
U.K. energy stocks like BP were closely watched on Monday after panic buying over the weekend due to a truck driver shortage that left many gas stations in Britain without any fuel.
*Here are some events to watch this week:*
#Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen to testify at a Senate Banking Committee hearing Tuesday
#European Central Bank President Christine Lagarde speaks Tuesday at the ECB Forum on Central Banking
#Japan’s ruling party votes to elect leader, Wednesday
#Central bank chiefs Andrew Bailey (BOE), Haruhiko Kuroda (BOJ), Christine Lagarde (ECB) and Jerome Powell (Fed) participate in an ECB Forum panel, Wednesday
#House Financial Services Committee hearing on the Fed, Treasury’s pandemic response, Thursday
#China Caixin manufacturing PMI, non-manufacturing PMI, Thursday
#Univ. of Michigan sentiment, ISM manufacturing, U.S. construction spending, spending/personal income Friday
*Currencies*
The Bloomberg Dollar Spot Index was little changed
The euro fell 0.2% to $1.1698
The British pound rose 0.2% to $1.3705
The Japanese yen fell 0.2% to 111.00 per dollar
*Bonds*
The yield on 10-year Treasuries rose three basis points to 1.49%
Germany’s 10-year yield was little changed at -0.22%
Britain’s 10-year yield advanced three basis points to 0.95%
*Commodities*
West Texas Intermediate crude rose 2% to $75.46 a barrel
Gold futures were little changed.
Get stock market updates on mobile,
Join AlliesFin channel on telegram
https://t.me/AlliesFin
Like Share Follow 🌟
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The Federal Reserve cut rates by 50 bps.
The median projection has two more 25 bps rate cuts in 2024, for a total of 100 bps this year.
Fed governor Miki Bowman dissented in favor of a smaller 25 bps cut. It's the first dissent by a governor since 2005.
SUMMARY @AlliesFin
1. Fed cuts interest rates by 50 bps for first time since 2020
2. Fed sees 2 more 25 basis point rate cuts in 2024
3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
4. Fed gained "greater confidence" that inflation is moving to 2%
5. Fed will "carefully asses incoming data" and evolve outlook
6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
The long awaited "Fed pivot" has officially begun.
As expected, the #Fed caved to the markets and cut interest rates by 50 basis points.
Not only will this round of rate cuts not stop a cooling economy from entering a #recession, but it will also turn up the heat on #inflation, making the recession that much worse.
# gold now.
The median projection has two more 25 bps rate cuts in 2024, for a total of 100 bps this year.
Fed governor Miki Bowman dissented in favor of a smaller 25 bps cut. It's the first dissent by a governor since 2005.
SUMMARY @AlliesFin
1. Fed cuts interest rates by 50 bps for first time since 2020
2. Fed sees 2 more 25 basis point rate cuts in 2024
3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
4. Fed gained "greater confidence" that inflation is moving to 2%
5. Fed will "carefully asses incoming data" and evolve outlook
6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
The long awaited "Fed pivot" has officially begun.
As expected, the #Fed caved to the markets and cut interest rates by 50 basis points.
Not only will this round of rate cuts not stop a cooling economy from entering a #recession, but it will also turn up the heat on #inflation, making the recession that much worse.
# gold now.
Events To Watch For :
30th Jan - #Fed Jan meet outcome
31st Jan - Economic survey
1st Feb - Union #Budget
1st Feb - F&O more rules
1st Feb - Jan Auto Sales
1st Feb - Trade tariffs ?
5th Feb - #DelhiElection2025 Voting
7th Feb - #RBI Feb #MPC meet
8th Feb - #DelhiElection results
30th Jan - #Fed Jan meet outcome
31st Jan - Economic survey
1st Feb - Union #Budget
1st Feb - F&O more rules
1st Feb - Jan Auto Sales
1st Feb - Trade tariffs ?
5th Feb - #DelhiElection2025 Voting
7th Feb - #RBI Feb #MPC meet
8th Feb - #DelhiElection results