Stock Market 14-02-2024 Live Updates

Stock Market 14-02-2024 Live Updates

VoM News Desk | February 14, 2024 | 10:19 AM IST | Breaking News | Tags: Indian Stock Market | Follow on Google News

Stock Market 14-02-2024 Live Updates

Stock Market 14-02-2024 Live Updates

Market Update – 14th February 2024

Global Market Trends:

• Asian shares tracked a negative lead from Wall Street, with the dollar and Treasury yields rising as traders adjusted expectations for the pace and scale of rate cuts by the Federal Reserve this year.
• The shift in rate expectations followed a U.S. inflation surprise, showing the consumer price index (CPI) rising 3.1% on an annual basis, surpassing forecasts.

Rate Expectations Impact:

• Futures now indicate around 87 basis points of easing priced in for the Fed this year, down from 110 bps before the data release and 160 bps at the end of last year.

Stock Market Movement:

• MSCI’s Asia-Pacific shares index, excluding Japan, fell 0.8% early in Asia trade, heading for a fifth consecutive day of losses.
• S&P 500 futures and Nasdaq futures were trading near flat, while EUROSTOXX 50 futures lost 0.3%.

Regional Highlights:

• Hong Kong stocks, in their first trading day after the Lunar New Year holidays, saw the Hang Seng Index fall by 0.8%.
• Mainland China’s financial markets remain closed for the week.

The market landscape is influenced by evolving rate expectations and the recent U.S. inflation surprise, contributing to a cautious environment in Asian shares and global futures.

Here are the live updates of stock Market powered by Mint

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.