Market Bizzz

But that outlook was conditioned on, as Fed Chair Jerome Powell said at his May press conference, “economic and financial conditions evolving broadly in line with expectations. … Expectations are that we’ll start to see inflation, you know, flattening out.”

A steepening curve typically signals expectations for stronger economic activity, higher inflation, and higher interest rates. A flattening curve can mean investors expect near-term rate hikes and are pessimistic about economic growth.

Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth.

The yen briefly rallied late on Friday when Japan’s government and central bank said they were concerned by its recent sharp falls, a rare joint statement seen as the strongest warning to date that Tokyo could intervene to support the currency.

HDFC Bank, the largest private sector lender, said it has registered a 23 per cent growth in total advances in Maharashtra to Rs 3.28 lakh crore in FY22, and it commands a 13 per cent share by total business perspective in the western state.

“These markets are not going anywhere; you will see sharp spikes wherein Nifty might go to 17,500 and come back to 15,500 depending on when you got in. You will feel you are a champion or you are a loser but on a one year basis, markets might not have gone anywhere.”

For the coming week, the markets may find resistance at 16,400 and 16,665 levels. On the lower side, supports exist at 16,000 and 15,840 levels.