Stock Market

Sensex Today Live Updates: Sensex up 90pts at 77,390, Nifty at 23,540; Private bank, FS surge, auto, consumer goods drag


Sensex Today Live Updates : Asian equities rose Wednesday after a surge in chipmakers drove US stocks to yet another record-breaking session on Wall Street.

The MSCI Asia Pacific index advanced about 0.8%, with chip and artificial intelligence-related shares leading the advance. Shares in South Korea and Taiwan climbed 1% and 1.5% respectively, fueled by the countries’ leading chipmakers.

Hong Kong stocks rebounded to lead the gains in the region, while mainland Chinese shares slipped as traders digested speeches at the Lujiazui Forum, where securities regulator chief Wu Qing and People’s Bank of China Governor Pan Gongsheng are among the speakers.

“Hong Kong stocks are rising on the back of the Shanghai LJZ forum,” said Billy Leung, an investment strategist at Global X ETFs. “There’s anticipation of positive policies and expectations of reforms for banks regarding shareholder returns. I suspect the policies could be more relevant for Hong Kong-listed shares.”

A Bloomberg gauge of the dollar was little changed, after falling Tuesday. There’s no trading of Treasuries globally on Wednesday due to a holiday in the US.

The overall risk-on mood comes after US traders pushed the S&P 500 closer to the historic 5,500 mark, betting the potential for Federal Reserve rate cuts will keep fueling the tech industry. Nvidia Corp. became the world’s most-valuable company — topping Microsoft Corp. — to extend this year’s record-breaking surge.

“Tech stock rallies in Taiwan, Korea, and Japan are expected to continue, it’s not just about Nvidia,” said Aisa Ogoshi, a portfolio Manager at JPMorgan Asset Management, said in a Bloomberg TV interview. Apple Inc.’s plans on AI will also benefit its suppliers, she added.

China’s 10-year bond yield fluctuated after PBOC Governor Pan said the central bank, together with the finance ministry, is studying how to implement government bond trading.

Its 10-year government bond futures closed at a record high on Tuesday. The relentless bull run in the debt market has been a concern for Chinese authorities, with the PBOC issuing several warnings via state media on the risk of a market reversal.

In other Asian news, Japan’s exports grew at the fastest clip since late 2022 as the weak yen boosted their value. The yen was little changed after a four-session drop.

Japan’s bond futures held a small decline after a Bloomberg report that the Ministry of Finance is weighing a plan to shift more of its issuance to shorter-maturity bonds. That would signify a major change as the central bank moves to cut purchases of government debt.

Overnight, Wall Street waded through mixed economic data that showed US industrial production increased, helped by a broad-based pickup in factory output. Separately, retail sales barely rose and prior months were revised lower. A chorus of Fed officials emphasized the need for more evidence of cooling inflation before lowering rates.

“Investors should lean toward the glass-half-full view, but recognize macroeconomic conditions,” said Anthony Saglimbene at Ameriprise.

In corporate news, Norinchukin Bank, Japan’s biggest agricultural bank, said it will diversify its investment portfolio as it braces for massive losses on the sale of roughly 10 trillion yen ($63 billion) in US and European sovereign bonds.

In commodities, oil steadied after closing at a seven-week high as a sustained risk-on mood in wider markets outweighed signs of further stockpile growth. Gold was little changed.

19 Jun 2024, 01:08:37 PM IST

Sensex Today Live : Coal India to tap into coal from abandoned underground mines through private operators

Sensex Today Live : Coal India today announced that in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines, it has awarded 23 such mines on revenue sharing model to successful bidders of the private sector. The cumulative peak rated capacity is 34.14 million tonnes/year (MT/Y) while the total extractable reserves are estimated at 635 MT.

Earlier, CIL had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. CIL has decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with CIL, the company said in an exchange filing.

Successful bidder will be the company which offers the maximum revenue to Coal India. The minimum revenue to be shared is 4%. The contract period is for a maximum of 25 years, the company added.

19 Jun 2024, 01:01:45 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark indices had slipped into the red after opening at record high levels on Wednesday as traders booked profit at higher valuations.

At 1 pm, Sensex was up 90.06 points, or 0.12%, at 77,391.20 and Nifty was down 12.60 points, or 0.05%, at 23,545.30.

19 Jun 2024, 12:38:01 PM IST

Sensex Today Live : How the stock market boom has made investor dreams a reality

Sensex Today Live : Young investors are capitalizing on a four-year stock market surge, demonstrating the impact of strategic investing in the current vibrant financial environment.

These millennial and Gen Z investors, ranging from law students to merchant navy officers, are utilizing technology and financial knowledge to transform humble starts into significant profits, thereby realizing dreams and altering lives. (Read the full story here.)

19 Jun 2024, 12:29:03 PM IST

Sensex Today Live : Venus Remedies gets oncology tender from WHO-backed PAHO to supplu cancer drugs to Latam countries

Sensex Today Live : Venus today announced that it has been awarded an oncology tender by the WHO-backed Pan American Health Organisation (PAHO), for supplying essential cancer drugs to multiple Latin American countries.

The company has been entrusted with the responsibility of supplying a wide range of essential oncology drugs like bleomycin, carboplatin, cisplatin, cytarabine, doxorubicin, irinotecan, methotrexate, and vincristine, the company said in an exchange filing.

19 Jun 2024, 12:20:05 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, heavyweight indices like Bank, financial services, private bank, had surged ahead followed by IT and PSU Bank.

Among the losers were realty, consumer goods, oil & gas, media, metal, pharma, healthcare, auto and FMCG.

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19 Jun 2024, 12:16:32 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trending down, with the BSE SmallCap shedding 0.26% and the BSE MidCap losing 0.51%. 

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19 Jun 2024, 12:14:32 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 40 out of the 50 stocks on the Nifty 50 were trading in the red. Titan, Hero MotoCorp, Hindalco, Coal India, and Bajaj Auto, were the top drags, while IndusInd Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, and Infosys, were the top gainers. 

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19 Jun 2024, 12:07:49 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : 20 of the 30 stocks on the BSE Sensex were trading in the red. Titan, Larsen & Toubro, Maruti Suzuki India, Bharti Airtel, and NTPC, were the top drags, while IndusInd Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, and Axis Bank, were the top gainers. 

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19 Jun 2024, 12:02:39 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were trading on a mixed note after opening at record high levels on Wednesday as traders booked profit at higher valuations.

At 12 pm, Sensex was up 71.1 points, or 0.09%, at 77,372.24 and Nifty was down 18.05 points, or 0.08%, at 23,539.85.

19 Jun 2024, 11:46:21 AM IST

Sensex Today Live : Aditya Birla Fashion and Retail acquires 16% stake in ‘Wrogn’ owner Universal Sportsbiz

Sensex Today Live : Aditya Birla Fashion and Retail today announced that it has acquired a 16% stake in the owner of ‘Wrogn’ brand owner Universal Sportsbiz.

The company, in an exchange filing, said, “Aditya Birla Digital Fashion Ventures, a wholly owned subsidiary of the Company, has executed a Binding Offer Letter with Universal Sportsbiz Private Limited on June 18, 2024, for a minority investment with an option for a path to majority stake acquisition in USPL, comprising of manufacturing and distribution of fashion apparels, footwear and accessories, under the brand ‘Wrogn’.

19 Jun 2024, 11:31:18 AM IST

Sensex Today Live : Restaurant Brands Asia ₹20.4 crore in Indonesian subsidiary PT Sari Burger Indonesia

Sensex Today Live : Restaurant Brands Asia, that operates Burger King stores in India, today announced that it has invested 20.39 crore in its Indonesian subsidiary PT Sari Burger Indonesia, by way of subscription of redeemable non-convertible preference shares in the compay.

In an exchange filing, the company said, “We hereby inform you that the Borrowings, Investments, Loans and Finance Committee of the Board of Directors of Restaurant Brands Asia Limited, at its meeting held today i.e. on Wednesday, June 19, 2024, considered and approved investment in PT Sari Burger Indonesia, subsidiary of the Company, by way of subscription of redeemable cumulative non-convertible preference shares of an amount of IDR 40,00,00,00,000 equivalent to INR”.

19 Jun 2024, 11:19:17 AM IST

Sensex Today Live : Tata Motors to increase price of its commercial vehicles by up to 2% from July 2024

Sensex Today Live : Tata Motors today announced that it will increase the price of its commercial vehicles from 1 July 2024, by up to 2%.

The price increase is to offset the impact of rising commodity prices, the company said in an exchange filing. It will be applicable across the entire range of commercial vehicles, and will vary as per individual model and variant, the company added.

19 Jun 2024, 11:02:03 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices had slipped into the red after opening at record high levels on Wednesday as traders booked profit at higher valuations.

At 10 am, Sensex was down 13.72 points, or 0.02%, at 77,287.42 and Nifty was down 53.85 points, or 0.23%, at 23,504.05.

19 Jun 2024, 10:40:39 AM IST

Sensex Today Live : Exicom Tele-Systems ties up with Hubject to simplify and fuel EV charging ecosystem in India; shares gain more than 3%

Sensex Today Live : Exicom Tele-Systems today announced that it has entered into a partnership with Hubject to use its innovative interoperability technology to improve the charging experience for EV drivers in India. This includes Hubject’s intercharge platform, which will make it easier for EV drivers to find charge points and then simply charge when needed, the company said in an exchange filing.

19 Jun 2024, 10:26:44 AM IST

Sensex Today Live : Bharti Airtel board decides to raise equity stake in Indus Towers by 1%, acquire 27 million shares

Sensex Today Live : Bharti Airtel today announced that it has increased its stake in Indus Towers by 1%, with the acquisition of nearly 27 million shares in the company.

The telecom major, in an exchange filing, said, “We wish to inform that the ‘Special Committee of Directors for evaluation of stake in Subsidiaries and Joint Ventures’ has today i.e. on June 19, 2024, approved the acquisition of upto 27 million equity stake in Indus Towers Limited (‘Indus Towers’) in accordance with the applicable regulations”.

“Accordingly, with the aforesaid approval of the Special Committee, the Company has acquired ~26.95 million (i.e. 1%) equity shares of Indus Towers today on-market,” it added.

19 Jun 2024, 10:19:59 AM IST

Sensex Today Live : Kaveri Telecom Products secures ₹10.9 crore order for radio frequency products and antennas

Sensex Today Live : Kavveri Telecom Products today announced that it has secured a Purchase Order for 10.9 crore for radio frequency products and antennas under the Make in India initiative for a mission-critical project in India.

Kavveri developed these products at its Research and Development centre in India for the first time under Make in India initiative, the company said in an exchange filing.

19 Jun 2024, 10:02:48 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark indices opened at a record high on Wednesday and were trading in the green, led by another record breaking session on the Wall Street on Tuesday that was driven primarily by a rally in AI-focussed chipmaker stocks and a colder US retail sales data that was fuelling anticipation of interest rate cuts by the US Federal Reserve in September this year.

At 10 am, Sensex was up 159.38 points, or 0.21%, at 77,460.52 and Nifty was up 21.50 points, or 0.09%, at 23,579.40.

19 Jun 2024, 09:56:42 AM IST

Sensex Today Live : PNB Housing Finance appoints Vikas Rana as Head – Construction Finance of the company

Sensex Today Live : PNB Housing Finance today announced that it has appointed Vikas Rana as Head – Construction Finance, of the company, effective from June 18.

19 Jun 2024, 09:50:32 AM IST

Sensex Today Live : Jaguar Land Rover Limited and Chery Automobile sign LoI to enhance their JV’s electric vehicle product offering in China

Sensex Today Live : JLR and Chery Automobile have signed a Letter of Intent to strengthen CJLR’s electric vehicles product offering in China.

Under the proposed new licensing agreement, the CJLR Joint Venture will pivot to produce an advanced portfolio of electric vehicles based on Chery’s EV architecture, exclusively under the Freelander name.

Marking the beginning of a new strategic phase for CJLR, Freelander will become a brand reborn under license from JLR as part of a new value creation system independent from both Chery’s existing portfolio and JLR’s modern luxury House of Brands, Tata Motors, which owns JLR, said in an exchange filing.

19 Jun 2024, 09:39:02 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, realty, consumer durables, oil & gas, and auto indices were the top sectoral losers, followed by PSU bank and metal indices.

Among the gainers were bank and financial services, while IT, FMCG and pharma were muted.

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19 Jun 2024, 09:32:41 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market had slipped into the red, with the BSE SmallCap shedding 1.17% and the BSE MidCap losing 1%. 

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19 Jun 2024, 09:31:25 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 29 of the 50 stocks on the Nifty 50 were trading in the red. Titan, Shriram Finance, Adani Enterprises, BPCL, and Coal India were the top drags, while ICICI Bank, IndusInd Bank, JSW Steel, Kotak Mahindra Bank, and Axis Bank were the top gainers. 

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19 Jun 2024, 09:29:20 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : 11 of the 30 stocks on the BSE Sensex were trading in the red. Titan, Larsen & Toubro, Tech Mahindra, Power Grid Corp., and NTPC, were the top drags, while IndusInd Bank, ICICI Bank, JSW Steel, Kotak Mahindra Bank and Axis Bank were the top gainers.

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19 Jun 2024, 09:25:45 AM IST

Sensex Today Live : Netweb Technologies shares rise more than 3% as company launches Made in India range of servers

Sensex Today Live : The company has launched its Make-in-India range of servers, designed to harness the robust capabilities of the latest 4th Gen AMD EPYC processors.

19 Jun 2024, 09:23:55 AM IST

Sensex Today Live : Ami Organics shares climb more than 6% as company loost to raise ₹500 crore

Sensex Today Live : The speciality chemicals manufacturer has launched its Qualified Institutional Placement (QIP) with a floor price set at 1,228.7 per share. The company aims to raise 500 crore through this equity fundraising exercise. It will hold a board meeting on June 21 to decide the issue price of the QIP.

19 Jun 2024, 09:22:59 AM IST

Sensex Today Live : ZF Commercial shares down more than 6% as Wabco Asia looks to sell 5% stake in the company

Sensex Today Live : Wabco Asia is expected to sell a 5% stake in ZF Commercial through a block deal, at a floor price of 14,980 per share, according to sources.

19 Jun 2024, 09:19:22 AM IST

Sensex Today Live : Indus Towers shares down more than 2% as Vodafone Group looks to sell nearly 10% stake in the company

Sensex Today Live : Vodafone Group Plc will sell a 9.94% stake in Indus Towers through a bulk deal at a price range of 310- 341 per share. The sale, which is slated to open on Wednesday, is managed by Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas.

19 Jun 2024, 09:17:44 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the green on Wednesday, led by another record breaking session on the Wall Street on Tuesday that was driven primarily by a rally in AI-focussed chipmaker stocks and a colder US retail sales data that was fuelling anticipation of interest rate cuts by the US Federal Reserve in September this year.

At opening bell, Sensex was up 117.22 points, or 0.15%, at 77,418.36 and Nifty was up 71.95 points, or 0.31%, at 23,629.85.

19 Jun 2024, 09:12:12 AM IST

Sensex Today Live : Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, says overall cues indicate it is advantage bulls for the market

Sensex Today Live : “Higher highs and higher lows are clear indicators of a strong bull rally. This is happening now in the Nifty which has set four days of record highs. Net institutional activity has turned positive with both FIIs and DIIs turning buyers.

The US 10-year bond yield declining to 4.21 % may nudge FIIs to buy more. This is pushing FII-heavy stocks like HDFC bank and ICICI bank which have more room to appreciate since their valuations are fair.

Economic news continues to be positive. Net direct tax collections have shot up by 21%. More importantly, advance tax collections have increased impressively by 27.38 % reflecting robust economic activity.

In brief, it is advantage bulls.”

–Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

19 Jun 2024, 09:10:14 AM IST

Sensex Today Live : Benchmark indices red at pre-open

Sensex Today Live : Indian benchmark indices were up at pre-open on Wednesday, led by another record breaking session on the Wall Street on Tuesday that was driven by a rally in AI-focussed chipmaker stocks and a colder US retail sales data that was fuelling anticipation of interest rate cuts by the US Federal Reserve in September this year.

Sensex was up 242.08 points, or 0.31%, at 77,543.22 and Nifty was up 71.95 points, or 0.31%, at 23,629.85 during pre-open.

19 Jun 2024, 08:56:47 AM IST

Sensex Today Live : Prashanth Tapse, Senior VP (Research), Mehta Equities, says market sentiment is bolstered by increasing bets on a US soft landing and a potential September rate cut by the Federal Reserve

Sensex Today Live : “GIFT Nifty is up by 67 points, standing at 23,557, with market sentiment bolstered by increasing bets on a US soft landing and a potential September rate cut by the Federal Reserve. Technically, Nifty targets are set at 23,750 and 24,000, with critical support at 23,250 and the 200 DMA at 21,268. Options data suggests a trading range of 23,000-24,000, with significant resistance at 24,000 and support at 23,000. Recommended trades include buying Nifty at current levels with targets of 23,701/23,751 and aggressive targets at 24,000-24,250, and buying Bank Nifty at current levels with targets of 50,750/51,133 and aggressive targets at 51,750-52,500. Key stock picks include ICICI BANK, HDFC AMC, NTPC, TATA POWER, and COAL INDIA, with a strong buy recommendation on COAL INDIA at CMP 489 for targets of 503/515 and aggressive targets at 525, driven by momentum.”

–Prashanth Tapse, Senior VP (Research), Mehta Equities

19 Jun 2024, 08:44:29 AM IST

Sensex Today Live : What to expect from Indian stock market in trade on June 19

Sensex Today Live : India’s key stock market indices, Sensex and Nifty 50, are projected to open on a high note on Wednesday, buoyed by encouraging global market trends. The Gift Nifty’s trading around the 23,660 level, nearly 90 points above the Nifty futures’ previous close, also signals a positive start for the Indian benchmark index.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted the formation of a small negative candle, or a non-classical doji pattern, at the new highs on the Nifty 50’s daily chart. While such patterns typically signal caution for long positions at the highs, the impact of this pattern might be less significant due to its formation amidst a range movement.

Shetti maintains a positive outlook for the short-term trend of Nifty, given its range-bound action and its ability to stay above the 23,515 level (1.382% Fibonacci extension). He anticipates that the Nifty could reach the next resistance level of 23,950 (1.786% Fibonacci extension) in the near term. (Read the full story here.)

19 Jun 2024, 08:28:21 AM IST

Sensex Today Live : Eight key things that changed for market overnight – Gift Nifty, Nvidia share rally to US retail sales

Sensex Today Live : Following positive global market trends, India’s benchmark equity indices, Sensex and Nifty 50, are anticipated to open at new highs on Wednesday. The upbeat sentiment is influenced by the strong performance of Asian markets and record closing highs of the US stock market indices, Nasdaq and S&P 500, driven by a rally in Nvidia and other chip stocks.

On Tuesday, the Indian stock market extended its record-breaking run, with the Sensex rising by 308.37 points (0.40%) to close at 77,301.14, and the Nifty 50 gaining 92.30 points (0.39%) to settle at 23,557.90.

Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, noted that the key benchmark indices continued their record-breaking spree due to renewed buying interest from Foreign Institutional Investors (FIIs) and expectations of a rate cut by year-end amid moderating domestic inflation. He added that investors are optimistic about an increase in monsoon activity in the coming weeks, which could stimulate consumption, especially in rural areas, and support overall growth in the remaining quarters of the fiscal year. (Read the full story here.)

19 Jun 2024, 08:24:53 AM IST

Sensex Today Live : Firm global peers, Gift Nifty signal strong start for Indian markets

Sensex Today Live : Markets globally were buoyed by another record breaking session on the Wall Street on Tuesday that was driven by a rally in AI-focussed chipmaker tech stocks and a colder US retail sales data fuelled anticipation of interest rate cuts by the US Federal Reseve later this year.

In India, the Gift Nifty futures, trading at 23,661, were also indicating a strong start for benchmark indices Sensex and Nifty. Nifty 50 had closed at 23,557.90 on Tuesday.

Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft U.S. retail sales data reinforced expectations of the Federal Reserve cutting rates later this year.

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.72% higher, with the tech stocks in the region up 1.6% at a record high.

Japan’s Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong’s Hang Seng index rose 1.3%.

Data on Tuesday showed U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting economic activity remained lacklustre in the second quarter.

The data led to a small boost in rate cut expectations for September with traders pricing in a 67% chance of easing compared to a 61% chance a day earlier, CME FedWatch tool showed. Markets are pricing in 48 basis points of cuts this year.

“(The) Fed will need more data to support its case for a rate cut and investors should not overact to one or two data points,” said Vasu Menon, managing director of investment strategy at OCBC.

Last week, mild U.S. inflation readings contrasted with an overall hawkish stance by Fed officials, who trimmed their previous median projection for three quarter-point rate cuts this year to one.

“Rate cuts are a stronger story for 2025 but that’s fine because there is hope that it will happen in a bigger way over the next two years even if 2024 remains uncertain, and that will keep markets supported,” Menon said.

Fed officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still-strong labour market as they steer cautiously toward what most expect to be an interest rate cut or two by the end of this year.

The S&P 500 and Nasdaq closed at record highs on Tuesday, with Nvidia dethroning tech heavyweight Microsoft to become the world’s most valuable company.

U.S. markets are closed on Wednesday, which will likely result in subdued trading throughout the day.

In currency markets, the dollar index, which measures the U.S. unit against six rivals, was last at 105.29, while the euro steadied at $1.0738.

The single currency has been under pressure in the wake of French President Emmanuel Macron calling for a snap election following a trouncing of his ruling centrist party in the European Parliament elections.

Sterling was flat at $1.2704 in early trading ahead of UK inflation data due later in the day that will set the stage for Bank of England (BoE) policy decision on Thursday, with the central bank widely expected to stand pat on rates.

The inflation report is expected to show Britain’s inflation rate fell back to the BoE’s 2% target in May, from 2.3% in April.

Kyle Chapman, FX markets analyst at Ballinger Group, said Wednesday’s May inflation report will be the deciding factor and a cut could still be on the table if services inflation gets back on track.

“Unless it collapses, I think we will need a few pieces of evidence to convince the Bank of England that it is sustainably on the way down,” he said.

In Asia, the Japanese yen was little changed at 157.83 per dollar, hovering close to the six-week low of 158.255 it touched last week. The currency remains under pressure from the wide difference between interest rates in Japan and the United States.

Minutes of Bank of Japan’s April policy meeting showed policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if inflation overshoots.

In commodities, oil prices wobbled as concerns over escalating conflicts between Russia and Ukraine and in the Middle East offset demand worries following an unexpected build in U.S. crude inventories.



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