Two out of 5 Asian Major Indices are positive today. South Korea’s Kospi added 0.1 percent, Japan’s Nikkei rose 0.08 percent, China’s Shanghai Composite Index fell 0.83, Singapore’s Straits Times index lost 0.73 percent and Hong Kong’s Hang Seng Index lost 0.22 percent.
Two out of 3 Europe’s major Indices are in Green today. Germany’s DAX rose 0.46 percent, U.K.’s FTSE increased by 0.33 percent and France’s CAC 40 trading at 0.18 percent down when reports last came in. All 3 US Major Indices ended in Green on Tuesday while investors awaited US Inflation data. Nasdaq gained 0.75 percent, Dow Jones Industrial Average added 0.32 percent S&P 500 rose 0.48 percent. Gold prices edged up on Wednesday, taking support from a weaker US dollar and lower Treasury yields, while investors awaited US consumer inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. The Precious Metal, for 5th June 2023 contract is trading at 72503 Rupees per 10 Grams. Silver for 5th July 2023 contract was trading at 85,598 Rupees per Kg when reports last came in. Oil prices fell by 0.5 Dollars a barrel on Wednesday. Brent crude fell 0.7 percent to 81.80 dollar a barrel by The U.S. West Texas Intermediate (WTI) declined 0.68 percent to 77.49 dollar a barrel, when reports last came in.