Last updated: February 14, 2023, 9:25 AM IST
Sensex Today: After rising to a three-month high of 6.5 percent in January, India’s inflation rate started flat on Tuesday morning despite positive global sentiment.
Asian stocks followed the rally on Wall Street on Tuesday as investors remained optimistic that key US economic data coming later would show a decline in inflation, while the yen reversed losses ahead of the appointment of a new governor of the US. central bank.
Tokyo shares opened higher on Tuesday following gains on Wall Street in an upbeat trading round ahead of key US inflation data. The benchmark Nikkei 225 index gained 1.00 percent, or 273.28 points, to 27,700.60 in early trading, while the broader Topix index rose 0.95 percent. , or 18.86 points, to 1,996.53.
Wall Street closed sharply higher Monday as investors awaited inflation data that would likely indicate the path of future Federal Reserve rate hikes, while Meta Platforms posted gains following a report that Facebook’s parent company was planning new layoffs.
Oil prices fell in early Asian trading on Tuesday after the US government said it will release more crude oil from its Strategic Petroleum Reserve (SPR) and based on other reports that more supply is coming to the market. Brent crude futures fell 82 cents, or 1%, to $85.79 a barrel by 0132 GMT, while US crude futures fell $1.04, or 1.3%, to $79.10 a barrel barrel.
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