NiKKEI Futures Update : 16 Sept 2022
The Nikkei 225 Future is trading at 27,367.5 with a loss of -0.47% percent or -130.0 point.The Nifty Future is trading at 17,691.2 with a loss of -1.12% or -200.6 point. The Hang Seng Future is trading at 18,834.0 up with +0.13% percent or +25.0 point.
TODAY’S FACTORS AND EVENTS
China’s Shanghai Shenzhen CSI 300 index fell 0.7%, while the Shanghai Composite index fell 1%. The People’s Bank of China (PBoC) maintained its medium-term policy rate on Thursday after steadily lowering lending rates earlier this year. The move was likely driven by increased depreciation in the yuan, which plummeted to two-year lows in recent weeks.
Today’s move indicates that the PBoC is looking to find a balance between shoring up economic growth and allowing further depreciation in the yuan, which is also facing headwinds from rising U.S. interest rates.
PREVIOUS DAY ACTIVITY
For the day Nikkei 225 is trading at 27,593.51 with a loss of -1.01% percent or -282.40 point. the nifty closed at 17,700.45 with a loss of -0.99% percent or -176.95 point.Hong Kong’s Hang Seng is trading at 18,815.5up with +0.03% or +6.5 point.
WORLD MARKETS
For the day the Dow is trading at 30,961.82 with -0.56% percent or -173.27 point. The S&P 500 is trading at 3,901.35 with a loss of –1.13% percent or ?44.66 point. The Nasdaq Composite is trading at 11,552.36 with a loss of –1.43% percent or ?167.32 point.
In other parts of world, Japan’s Nikkei 225 is trading at 27,583.38 with a loss of –1.05% percent or ?292.53 point. Hong Kong’s Hang Seng is trading at 18,820.31 with a loss of –0.58% ercent or ?110.07 point. China’s Shanghai Composite is trading at 3,153.82 with a loss of –1.44% percent or ?46.10 point. India’s BSE Sensex is trading at 59,309.54 with a loss of –1.04% percent or ?624.47 point at 12:15 PM.