1 / 101. Asia: Shares in Asia jumped in Tuesday morning trade following a dramatic bounce back overnight on Wall Street. The Nikkei 225 in Japan surged 2.86 percent in early trade while the Topix index advanced 2.49 percent. Over in South Korea, the Kospi soared 3.1 percent. Stocks in Australia also traded higher, with the S&P/ASX 200 up 1.28 percent. Overall, the MSCI Asia ex-Japan index traded 0.92 percent higher. (Image: Reuters)
2 / 102. US: Futures contracts tied to the major U.S. stock indexes rose Monday evening as investors looked to extend Wall Street’s gains from Monday’s dramatic comeback. Dow Jones Industrial Average futures rose 222 points, suggesting an open gain of 270 points when regular trading resumes on Tuesday. S&P 500 futures pointed to an opening advance of 1 percent while Nasdaq-100 futures indicated a similar advance. (Image:AP)
3 / 103. Market At Close On Monday: Indian shares fell over 1.5 percent on Monday as a rise in domestic coronavirus cases and worries over the second wave of infections in China sapped investors’ appetite for riskier assets. The Sensex ended 552 points lower at 33,229, while the Nifty lost 159 points to settle at 9,814. Losses in financial stocks were the biggest contributor to the decline. (Image: Reuters)
4 / 104. Crude Oil: Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be extended kept declines in check. Brent crude was down 14 cents, or 0.4 percent, at $39.58 a barrel at 0027 GMT, having gained 2.6 percent on Monday. US oil fell 24 cents, or 0.7 percent, to $36.88 a barrel, after closing 2.4 percent higher in the previous session. (Image: Reuters)
5 / 105. Rupee at Close: The Indian currency depreciated 19 paise and closed below the 76 per dollar mark on Monday amidst weak domestic equities and sustained foreign fund outflows weighed on investor sentiment. Forex traders said risk appetite has waned amid fresh cases of COVID-19 globally. The rupee opened weak at 75.93 at the interbank forex market. It fell further and finally settled for the day at 76.03 against the US dollar, down 19 paise over its last close. It had settled at 75.84 against the US dollar on Friday. (Image: Reuters)
6 / 106. Nitin Gadkari On Range Of Issues: In an exclusive interview with Moneycontrol, Nitin Gadkari, Union Minister for Road Transport & Highways and MSMEs, spoke on a range of issues from woes of MSMEs, scrappage policy, electric vehicles to dealing with COVID-19 outbreak. Gadkari said an integrated approach needed to ease problems of MSMEs. Nearly 70-80 percent MSMEs are slowly restarting their operations and also reiterated that the preventive measures taken by the government were in the best interests of the migrant laborers. (Image: PTI)
7 / 107. WPI Inflation Falls 3.21% In May: Wholesale prices in the country witnessed deflation of 3.21 percent in May due to a sharp decline in prices of fuel and power, even as food articles turned expensive. "The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-) 3.21 percent (provisional) for May 2020 as compared to 2.79 percent during the corresponding month of the previous year," the commerce and industry ministry said in a statement. Manufactured products witnessed deflation of 0.42 percent in May. (Image: Reuters)
8 / 108. Exports Fall 36.47% In May: Contracting for the third straight month, India's exports shrank 36.47 percent in May to $19.05 billion on weak global demand due to COVID-19, leading to a significant decline in shipments by key sectors like engineering, petroleum and textiles, as per a government data. Imports too plunged 51 percent to $22.2 billion in May, leaving a trade deficit of $3.15 billion, compared to $15.36 billion in the same month previous year. However, the dip in exports during the month under review is low as compared to 60.28 percent fall in April. (Image: Reuters)
9 / 109. FDA Revokes Emergency Use Of Hydroxychloroquine: The Food and Drug Administration said Monday it is ending its emergency use authorization of chloroquine and hydroxychloroquine, the anti-malaria drugs backed by President Donald Trump to combat Covid-19. The agency determined the drugs were “unlikely to be effective in treating COVID-19 for the authorized uses in the EUA.” “Additionally, in light of ongoing serious cardiac adverse events and other serious side effects, the known and potential benefits of CQ and HCQ no longer outweigh the known and potential risks for the authorized use,” the FDA wrote in its notice Monday. (Image: Reuters)
10 / 1010. India's Forex Reserves Cross $500 Billion For The First Time: India's foreign exchange reserves crossed an important milestone of $500 billion on June 5. This demonstrates India’s substantial external-sector strength, but at the same time opens up a few interesting policy dilemmas. FX Reserves have gone up by $40 billion in 2020, in particular by $22 billion from May onwards. After adjusting for valuation changes and return on forex reserves, the net forex intervention in 2020 could be $30 billion. (Image: Reuters)
