We are seeing some negative cues coming in from the global markets today, June 22, 2023. US markets fell for the third-straight day and this was fuelled by the fact that US Fed chair spoke about more rate hikes by the end of this year, pouring some cold water on expectations that the era of tightening was at least over for now, but it hasn’t.The futures are flat right now, but we do have Asian markets largely shut in trade today. Hang Seng, Taiwanese index and Chinese market are shut for a holiday, but Nikkei and Cosby are higher in trade. This is something we are tracking closely.SGX Nifty is indicating that the start for our own markets could be in the red.So very close to record high, but this testimony from Jerome Powell is something that could keep the market moves under some lid.The Bank of England will announce its policy decision today, an important event to track as well for our own markets.

Broadcast on:

22 Jun 2023