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    Vikshita Vitthal Gujaran in News

    15-Mar-2023 04:27 AM


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    Global market: SGX Nifty to US inflation, all that will drive stock market today

    Global market update: Equity and other assets, commodity markets settled on Wednesday as investors around the globe digested the US banking turmoil.
    At close, Dow Jones was up 1.06%, S&P closed 1.68% higher and Nasdaq gained 2.14%.
    US Dollar The dollar found support in Asia on Wednesday as investors dialled back expectations of U.S. rate cuts as fear of a banking crisis ebbed and another stubbornly high inflation print landed.
    The Hang Seng Index jumped 1.43 percent, or 275.53 points, to 19,523.49.
    The People's Bank of China (PBOC) said it was keeping the rate on 481 billion yuan ($70.03 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.75%, unchanged from the previous operation, reported Reuters.

    Source - MINT