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Pre-Market views - April 9, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2021-04-08 20:19:15 (Time Zone: Arizona, USA) US equities extended gains with S&P 500 recording fresh high mainly on strong buying on technology stocks. Investors continued to take comfort from the statements of Fed Chairman Powell. In a webinar hosted by IMF on Global Economic Outlook yesterday, Mr. Powell once again repeated his expectations that rise in inflation this year would be temporary. Notably, 10-year USA treasury yield has been trending down since the beginning of April and now stands at 1.63%, which offers comfort to equites. In our view, progress on approval of huge infrastructure programme and corporate tax rates are likely to be in focus in coming weeks.

United statesBinod modiHead strategyTime zoneFed chairmanGlobal economic outlookஒன்றுபட்டது மாநிலங்களில்பினோட் மோடிதலை மூலோபாயம்நேரம் ஸோந்ஊட்டி தலைவர்உலகளாவிய பொருளாதார ஔட்‌லுக்