Market Bizzz

The dollar started Monday on a steady footing as investors assessed U.S. jobs data that showed some signs of cooling and bolstered expectations that the Federal Reserve was likely at the end of its monetary tightening cycle.

Stocks had firmed on Friday after a benign August payrolls report hardened expectations for an end to rate hikes.While the headline jobs number topped forecasts, downward revisions to the previous two months and a dip in wage growth pointed to a loosening in the labour market.

“For the coming week, the first stock that we like is from the PSU segment and it is NTPC. It is looking very promising. The breakout we are witnessing on the weekly chart is clearly indicating that this stock may continue further upside.”

Kotak Mahindra Bank recently denied that the banking regulator has suggested it hire an external candidate to succeed founder-CEO and richest Asian banker Kotak, who is set to give up executive responsibilities at the end of this year.

Ambani, Asia’s richest person, in recent years, has said the children would have significant roles at India’s biggest conglomerate, which is valued at around $200 billion. Their eldest son Akash is already chairman of the telecom unit.

Economists at Nomura said that before the ECB meeting on Sept. 14, the most important data would be the ECB’s Consumer Expectations Survey, due next Tuesday, with the central bank focused on long-term expectations.

Here’s a look at major events and macro data that could influence the stock markets in September