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10 things you need to know before the opening bell on June 11

Updated : June 11, 2021 08:07 AM IST

The Indian market is likely to open on a flat note on Friday following mixed cues from global peers. The SGX Nifty was also trading flat at 15,789 level, up 0.23 percent or 36 points, at 7:50 am.

  1. Wall Street:  Major indexes closed higher Thursday, bringing the S&P 500 to another record high and out of the red for the week. The S&P 500 rose 0.5 percent and DJIA added 0.1 percent. The Nasdaq rose 0.8 percent.
 1. Wall Street: Major indexes closed higher Thursday, bringing the S&P 500 to another record high and out of the red for the week. The S&P 500 rose 0.5 percent and DJIA added 0.1 percent. The Nasdaq rose 0.8 percent.
 2. Asian stocks:  Shares in Asia-Pacific were mixed in Friday morning trade, following gains overnight on Wall Street that saw the S&P 500 sailing to a record closing high. The Nikkei 225 in Japan edged 0.3 percent in morning trade. Over in South Korea, the Kospi edged 0.44 percent higher. Mainland Chinese stocks declined as the Shanghai composite fell 0.16 percent. Hong Kong’s Hang Seng index advanced 0.54 percent. Shares in Australia were higher as the S&P/ASX 200 climbed 0.12 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32 percent higher.
2. Asian stocks: Shares in Asia-Pacific were mixed in Friday morning trade, following gains overnight on Wall Street that saw the S&P 500 sailing to a record closing high. The Nikkei 225 in Japan edged 0.3 percent in morning trade. Over in South Korea, the Kospi edged 0.44 percent higher. Mainland Chinese stocks declined as the Shanghai composite fell 0.16 percent. Hong Kong’s Hang Seng index advanced 0.54 percent. Shares in Australia were higher as the S&P/ASX 200 climbed 0.12 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32 percent higher.
 3. D-Street:  The Indian indices ended near record closing high on Thursday boosted mainly by banking and financial stocks. The Sensex ended 359 points higher at 52,300 and the Nifty rose 102 points to settle at 15,738. Broader markets outperformed benchmarks with the midcap and smallcap indices up over 1.5 percent each.
3. D-Street: The Indian indices ended near record closing high on Thursday boosted mainly by banking and financial stocks. The Sensex ended 359 points higher at 52,300 and the Nifty rose 102 points to settle at 15,738. Broader markets outperformed benchmarks with the midcap and smallcap indices up over 1.5 percent each.
  4. Crude oil:  Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for strong economic demand after new US unemployment claims fell to their lowest since the country's first wave of COVID-19 last year. Brent futures rose 0.4 percent to settle at $72.52 a barrel, and the US WTI crude rose 0.5 percent to end at $70.29. Those were the highest closes for Brent since May 2019 and WTI since October 2018.
 4. Crude oil: Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for strong economic demand after new US unemployment claims fell to their lowest since the country's first wave of COVID-19 last year. Brent futures rose 0.4 percent to settle at $72.52 a barrel, and the US WTI crude rose 0.5 percent to end at $70.29. Those were the highest closes for Brent since May 2019 and WTI since October 2018.
  5. Gold:  Gold on Thursday declined Rs 259 to Rs 48,127 per 10 grams amid weak global trends. Silver also dipped Rs 110 to Rs 70,274 per kg. In the international market, gold was trading lower at USD 1,880 per ounce and silver was flat at USD 27.65 per ounce.
 5. Gold: Gold on Thursday declined Rs 259 to Rs 48,127 per 10 grams amid weak global trends. Silver also dipped Rs 110 to Rs 70,274 per kg. In the international market, gold was trading lower at USD 1,880 per ounce and silver was flat at USD 27.65 per ounce.
 6. Rupee:  The Indian rupee furthered its loss by another 9 paise to breach the 73-level against the US dollar on Thursday as stronger greenback weighed on the domestic unit. At the interbank foreign exchange market, the rupee opened at 72.96 per dollar as against its previous close of 72.97. It hovered in the range of 72.94 to 73.12 during the day before ending at 73.06, clocking its third straight session of loss.
6. Rupee: The Indian rupee furthered its loss by another 9 paise to breach the 73-level against the US dollar on Thursday as stronger greenback weighed on the domestic unit. At the interbank foreign exchange market, the rupee opened at 72.96 per dollar as against its previous close of 72.97. It hovered in the range of 72.94 to 73.12 during the day before ending at 73.06, clocking its third straight session of loss.
 7. Bitcoin:  The price of bitcoin climbed from $36,304 at 2:45 pm to $38,200 by 4:15 pm IST, a 5.2 percent gain in less than two hours, based on CoinDesk data. The cryptocurrency then lost steam and slid down to $36,141, 2 percent loss in 24 hours, at the time of writing.
7. Bitcoin: The price of bitcoin climbed from $36,304 at 2:45 pm to $38,200 by 4:15 pm IST, a 5.2 percent gain in less than two hours, based on CoinDesk data. The cryptocurrency then lost steam and slid down to $36,141, 2 percent loss in 24 hours, at the time of writing.
 8.   US inflation:  The consumer price index increased 0.6 percent last month after surging 0.8 percent in April, which was the largest gain since June 2009. Food prices rose 0.4 percent. But gasoline declined for a second straight month. In the 12 months through May, the CPI accelerated 5.0 percent. That was the biggest year-on-year increase since August 2008 and followed a 4.2 percent rise in April. May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory.
8. US inflation: The consumer price index increased 0.6 percent last month after surging 0.8 percent in April, which was the largest gain since June 2009. Food prices rose 0.4 percent. But gasoline declined for a second straight month. In the 12 months through May, the CPI accelerated 5.0 percent. That was the biggest year-on-year increase since August 2008 and followed a 4.2 percent rise in April. May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory.
 9. India's fuel demand:  India’s fuel demand slumped in May to its lowest since August last year with the second COVID-19 wave stalling mobility and muting economic activity in the world’s third-largest oil consumer. Oil demand fell 11.3 percent to 15.11 million tonnes compared to the previous month and was down 1.5 percent from a year earlier.
9. India's fuel demand: India’s fuel demand slumped in May to its lowest since August last year with the second COVID-19 wave stalling mobility and muting economic activity in the world’s third-largest oil consumer. Oil demand fell 11.3 percent to 15.11 million tonnes compared to the previous month and was down 1.5 percent from a year earlier.
 10. Auto:  Total vehicle registrations in May 2021 fell 54.79 percent to 5,35,855 units as against 11,85,374 units in April 2021. The sales were 70.69 percent lower when compared to 18,22,566 units sold in May 2019.
10. Auto: Total vehicle registrations in May 2021 fell 54.79 percent to 5,35,855 units as against 11,85,374 units in April 2021. The sales were 70.69 percent lower when compared to 18,22,566 units sold in May 2019.
Published : June 11, 2021 08:07 AM IST
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