Hello and welcome to the weekly trading diary, a thread for discussing your trades, strategies, ideas, news, stories, etc.
A quick overview of how the markets performed in the week gone by;
Indian benchmark indices extended losses for the second straight week as the sentiment in markets around the world remained downbeat. Nifty ended the week down by 1.13%, while Sensex dropped by around 1.25%.
Most of the sectoral indices ended the week in red, Energy, Realty PSU Bank and Nifty Bank were top losers, ending the week down by over 3% each. FMCG and Pharma were amongst the top gainers.
Here’s how the major global indices fared in the week ended September 23;
Things to watch out for in the coming week;
The key event to watch out for this week will be RBI’s interest rate decision by Friday, September 30. In the week gone by the US Federal Reserve hiked interest rates by another 75 basis points, this was followed by a 75 bps rate hike by the Swiss National Bank and a 50 bps hike by the Bank of England. Here’s what the interest rates look like across economies around the world;
Key macroeconomic events to watch for;
26th September | 27th September | 28th September | 29th September | 30th September | |||||
---|---|---|---|---|---|---|---|---|---|
Japan | Services PMI | US | Core Durable Goods Orders (AUG) | Japan | BOJ Monetary Policy Meeting Minutes | US | GDP Growth (Q2) | India | RBI Interest Rate Decision |
New Home Sales (AUG) | US | Fed Chairman Powell Speaks | Jobless Claims | Japan | Retail Sales (AUG) | ||||
CB Consumer Confidence (SEP) | Pending Home Sales (AUG) | Industrial Production (AUG) | |||||||
Crude Oil Inventories | China | Manufacturing PMI (SEP) | |||||||
Non-Manufacturing PMI (SEP) | |||||||||
Chinese Composite PMI (SEP) | |||||||||
Caixin Manufacturing PMI (SEP) | |||||||||
UK | GDP Growth (Q2) | ||||||||
Eurozone | CPI Inflation (SEP) |