On Wednesday Indian indices edged higher led by gains in IT and Auto stocks. Nifty Bank, Nifty Metal and Nifty Pharma were also positive, lifting the sentiment further. Broader markets, however, outperformed benchmarks with the midcap and smallcap indices up 0.5-1 percent.
Ether is closing in on an all-time high. The cryptocurrency, one of many alternatives to bitcoin, rallied as much as 17% today to an intraday high of $1,439, according to data from industry site CoinDesk.
On Tuesday U.S. Treasury yields climbed, as traders watched for comments from Treasury Secretary nominee Janet Yellen, who is expected to speak in front of the Senate Finance Committee later in the day.
Last week prices of natural gas in Asia hit a record high and will likely go down from here, according to political risk consultancy Eurasia Group. “We’ve heard single cargos indeed sell in the high $30s, I heard one at $39 [per million British thermal units],” said Henning Gloystein, director of energy, climate and resources at Eurasia.
On Monday gold prices edged higher on the prospect of extended U.S. fiscal stimulus and accommodative monetary policies, although bullion held close to the 1-1/2 month low hit earlier as the dollar extended gains.
China will impose sanctions on U.S. officials who displayed “nasty” behavior over the Taiwan issue, the Chinese foreign ministry said on Monday. The decision was revealed by the foreign ministry’s spokewoman, Hua Chunying, in response to a reporter’s question on what China would do in response to the U.S. lifting restrictions on its relations with Taiwan.
The leader of Walmart’s U.S. e-commerce business, Marc Lore, is leaving the big-box retailer, according a filing today. Marc Lore joined the company in 2016 when Walmart acquired the start-up Lore co-founded, Jet.com, for $3.3 billion.