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10 things you need to know before the opening bell on June 6

Updated : 2019-06-06 07:26:45

Indian shares are set for negative start on Thursday amid muted trades in Asian markets over concerns of escalating US trade disputes with Mexico and China. Investors in India will remain cautious in early trading ahead of the Reserve Bank of India’s monetary policy decision due to be announced at 11:45 AM today. All economists on the CNBC-TV18 panel unanimously voted for a 25 basis points rate cut and four of the five members expect the RBI to keep a 'neutral' stance. At 06:52 AM, the SGX Nifty futures traded 43.5 points lower at 12,037.50, indicating a negative start for the Sensex and the Nifty 50.

1.Asia: MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.01 percent in sparse early trade. Japan's Nikkei dithered either side of flat, while E-Mini futures for the S&P 500 eased 0.1 percent.. (Image: Reuters)
1.Asia: MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.01 percent in sparse early trade. Japan's Nikkei dithered either side of flat, while E-Mini futures for the S&P 500 eased 0.1 percent.. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 207.39 points, or 0.82 percent, to 25,539.57, the S&P 500 gained 22.88 points, or 0.82 percent, to 2,826.15 and the Nasdaq Composite added 48.36 points, or 0.64 percent, to 7,575.48. (Image: Reuters)
2. US: The Dow Jones Industrial Average rose 207.39 points, or 0.82 percent, to 25,539.57, the S&P 500 gained 22.88 points, or 0.82 percent, to 2,826.15 and the Nasdaq Composite added 48.36 points, or 0.64 percent, to 7,575.48. (Image: Reuters)
3. Markets At Close On Tuesday: Indian equities ended lower on the back of profit-booking a day after benchmark indices scaled new record highs. The Sensex settled 184 points lower at 40,083.54, while the Nifty50 was down 66.80 points at 12021.70. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 416.08 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 355.42 crore, on Tuesday.(Image: Reuters)
3. Markets At Close On Tuesday: Indian equities ended lower on the back of profit-booking a day after benchmark indices scaled new record highs. The Sensex settled 184 points lower at 40,083.54, while the Nifty50 was down 66.80 points at 12021.70. Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 416.08 crore on a net basis in the cash market, while domestic institutional investors (DIIs) sold shares worth Rs 355.42 crore, on Tuesday.(Image: Reuters)
4. Crude Oil: Front-month Brent crude futures, the international benchmark for oil prices, were at $60.50 at 0108 GMT. That was 13 cents, or 0.2 percent, below last session's close. U.S. West Texas Intermediate (WTI) crude futures were at $51.62 per barrel, 6 cents, or 0.1 percent, below their last settlement. (Image: Reuters)
4. Crude Oil: Front-month Brent crude futures, the international benchmark for oil prices, were at $60.50 at 0108 GMT. That was 13 cents, or 0.2 percent, below last session's close. U.S. West Texas Intermediate (WTI) crude futures were at $51.62 per barrel, 6 cents, or 0.1 percent, below their last settlement. (Image: Reuters)
5. Rupee & Dollar Index: The Indian rupee closed at 69.26, up 0.01 percent against the US dollar from its previous close. While, the dollar index, which tracks the U.S. currency against a basket of six other major currencies, down 0.03 percent to 97.2870. (Image: Reuters)
5. Rupee & Dollar Index: The Indian rupee closed at 69.26, up 0.01 percent against the US dollar from its previous close. While, the dollar index, which tracks the U.S. currency against a basket of six other major currencies, down 0.03 percent to 97.2870. (Image: Reuters)
6. Monsoon Likely To Be Delayed: The India Meteorological Department on Wednesday said the onset of monsoon is likely to be delayed by a week and it is now expected to arrive only by June 8. The normal onset date for monsoon over Kerala is June 1 which also marks the official commencement of the four-month-long rainfall season.
6. Monsoon Likely To Be Delayed: The India Meteorological Department on Wednesday said the onset of monsoon is likely to be delayed by a week and it is now expected to arrive only by June 8. The normal onset date for monsoon over Kerala is June 1 which also marks the official commencement of the four-month-long rainfall season. "It is very likely to shift northwards gradually leading to favourable conditions for the onset of Southwest Monsoon over Kerala around June 8," the IMD said in its monsoon bulletin. (Image: Reuters)
Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday. Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods. (Image: AP)" data-original="https://images.cnbctv18.com/wp-content/uploads/2018/10/AP18294740840886.jpg" > <span class=Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday. Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods. (Image: AP)" title="Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday. Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods. (Image: AP)">
Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday. Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods. (Image: AP)
8. Government Capital Infusion For PSU Non-Life Firms: The government is likely to announce infusion of about Rs 4,000 crore in three public sector general insurance companies to shore up their capital. The capital infusion will help them improve their financial health to an extent that the proposed merger of the general insurance firms could take place, sources said. According to the sources, the Department of Financial Services will seek around Rs 4,000 crore in the Budget for fund infusion in three insurance companies -- National Insurance Company, Oriental Insurance Company and United India Insurance Company. (Image: Reuters)
8. Government Capital Infusion For PSU Non-Life Firms: The government is likely to announce infusion of about Rs 4,000 crore in three public sector general insurance companies to shore up their capital. The capital infusion will help them improve their financial health to an extent that the proposed merger of the general insurance firms could take place, sources said. According to the sources, the Department of Financial Services will seek around Rs 4,000 crore in the Budget for fund infusion in three insurance companies -- National Insurance Company, Oriental Insurance Company and United India Insurance Company. (Image: Reuters)
9. FDI In Services Sector Increase: Foreign direct investment in services sector grew 36.5 per cent to USD 9.15 billion in 2018-19, according to the Department for Promotion of Industry and Internal Trade (DPIIT). The sector attracted FDI worth USD 6.7 billion in 2017-18. Services sector includes finance, banking, insurance, outsourcing, R&D, courier, tech testing and analysis. Increasing FDI inflows in services sector is vital as it contributes over 60 per cent to the gross domestic product. (Image: Reuters)
9. FDI In Services Sector Increase: Foreign direct investment in services sector grew 36.5 per cent to USD 9.15 billion in 2018-19, according to the Department for Promotion of Industry and Internal Trade (DPIIT). The sector attracted FDI worth USD 6.7 billion in 2017-18. Services sector includes finance, banking, insurance, outsourcing, R&D, courier, tech testing and analysis. Increasing FDI inflows in services sector is vital as it contributes over 60 per cent to the gross domestic product. (Image: Reuters)
10. IMF Chief Christine Lagarde On Trade Tensions: The global economy is at a
10. IMF Chief Christine Lagarde On Trade Tensions: The global economy is at a "delicate juncture" which will require central banks to maintain stimulus and governments to resolve trade disputes quickly, the International Monetary Fund warned on Wednesday."The immediate priority is to resolve the current trade tensions," IMF chief Christine Lagarde urged in a blog post aimed at the Group of 20 finance ministers and central bankers as they prepare for a meeting in Japan this weekend. She said the exchange of tariffs between the United States and China will put the brakes on growth in both countries and cut a few points off global growth as well. (Image: Reuters)
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