Good Morning !! Market mood volatile, Global cues | Kk
Good Morning !!
Market mood volatile, Global cues neutral, Crude trades around 82.7
Cues for Today
Global Market update
- Dow down 240 pts - Nasdaq down 263 pts - Hang Seng up 50 pts - Dow Fut up 30 pts
US CPI (Inflation) highest since 1990, Inflation surged to 6.2% annually in October above forecasts of 5.8%, Core inflation rate accelerated to 4.6%, the highest since August of 1991
China Evergrande Group made the coupon payments totaling $148.1 million before the end of 30-day grace period on interest on overdue offshore bonds . The next grace period payments are due on Dec 6th.
Trading giant Vitol Group’s CEO, Russell Hardy:Oil demand has returned to pre-pandemic levels and demand in the first quarter of 2022 could exceed 2019 levels. “The possibility of a spike to $100 per barrel is clearly there,” Hardy
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