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Macro-economic domestic inflation data points coupled with FIIs’ flow direction and the rate decision of the US Fed will determine the key equity indices’ moves during the upcoming week.

India is set to release its monthly inflation data this week. Elsewhere, monetary policy announcements are due from three top economies even as they face a renewed covid-19 surge: the US, the UK and the EU.

The yen’s safe-haven status explains why investors favour it in times of uncertainty, but greed will overtake fear. The interest rate differential against Japan’s currency, which increases the cost of holding yen, and the continuing weakness of the Japanese economy will reassert themselves.

US Fed to start tapering asset purchases amid concerns over elevated inflation levels

The purchasing managers’ indices (PMI) for India will be released this week. The central banks of the US and the UK will announce their monetary policy decisions. Q2 earnings are due from Tata Motors and Dabur India

While energy and commodity investments are a good hedge against inflation, recent prices are very high. It’s likely that the worst of the energy crisis is behind us in China, though the near-term outlook is less certain in the US and Europe.

The tapering exercise is expected to affect emerging market stocks more than the developed market equities

Barua said that global risk from the China 'shock', the US Fed taper, and apprehensions about the US debt ceiling not getting raised have escalated.

Recent Fed meeting marked a turning point, as widely expected, with 10-year Treasury yield climbing above 1.5% in subsequent sessions

KUALA LUMPUR: The ringgit extended yesterday’s gains against the US dollar as the greenback -- a safe haven currency -- retreated amid risk-on mode.