10 things to know before opening bell on June 7

SUMMARY

Indian shares are set to track mixed global cues on Tuesday and a day ahead of the RBI Monetary Policy decision. US stocks ended the overnight session slightly higher amid concerns about whether the economy will successfully avoid a recession amid rising interest rates and high inflation. Asian stocks were trading mixed in morning trade. Here are the 10 things to know before opening trade on June 7

By CNBCTV18.comJun 7, 2022 8:12:48 AM IST (Published)

Wall Street | US stocks ticked higher with S&P 500 edging up 0.3 percent while Nasdaq rose 0.4 percent and the Dow Jones Industrial Average was up 0.05 percent.

Asian equities | Japan's Nikkei was in the green, up 0.4 percent while the Shanghai index dropped 0.1 percent and Hong Kong's Hang Seng index gave up 0.3 percent at 7:34 am.

SGX Nifty | Trends on the Singapore stock exchange indicated a negative start for the Indian market. Nifty futures and SGX Nifty, which hints at how India's broader Nifty would perform, were down 0.18 percent at 7:45 am.

Dalal Street | The 30-share BSE Sensex declined 93.91 points or 0.17 percent to end at 55,675.32 on Monday and the broader NSE Nifty fell 14.75 points or 0.09 percent to finish at 16,569.55.

Rupee | The rupee closed unchanged at 77.66 against the US dollar in muted trade on Monday as participants largely stayed on the sidelines ahead of the RBI’s policy decision later this week.

Oil | Oil prices inched higher on Tuesday on expected demand recovery in China. Brent crude futures were up 19 cents or 0.2 percent at $119.70 barrel at 6:20 am.

Gold | Gold prices extended losses for a third straight session as expectations of interest rate hikes in the United States and Europe dulled bullion's demand. Spot gold was down 0.1 percent at $1,839.39 per ounce as of 6:16 am.

US Fed | The Federal Reserve is on track for half-point interest rate increases in June, and July, and last week's jobs report boosted expectations of continued tightening by the US central bank, according to a Reuters report.

Cryptocurrency | The crypto market was in the red on Tuesday with Bitcoin down 2 percent to $29,385.69 in the last 24 hours while Ethereum slipped 4.8 percent to $1,728.34 at 7:45 am.

Russia-Ukraine war | Ukraine's president says Russian troops intend to capture Zaporizhzhia, a large city in the country's southeast, which would allow the Russian military to advance closer to the centre of the country.