The Indian Interbank markets will get a respite and will remain closed for two days on account of Gudi Padwa and Baishaki and resume trading on Thursday. The US dollar was up against major currencies today as market players are cautious ahead of consumer inflation data. Key Asian share indices opened in the green today but investors were cautious ahead of the earnings season, which will help them gauge the impact of the pandemic on companies and economic recovery. Gold futures ended lower on Monday as a rise in the US Treasury yields weighed on the yellow metal's appeal, while investors wait for key US inflation and retail sales data.......
The US dollar was up against major currencies today as market players are cautious ahead of consumer inflation data. Key Asian share indices opened in the green today but investors were cautious ahead of the earnings season, which will help them gauge the impact of the pandemic on companies and economic recovery. A positive outlook on US growth could change earnings expectations, even as shares of some companies look stretched given the rise in COVID-19 cases and troubled vaccine rollout in parts of the world. Banks and financial services firms JPMorgan Chase, Citigroup Inc, Bank of America, Morgan Stanley and Goldman Sachs are scheduled to announce their first-quarter earnings this week.......