Power Breakfast: Crude oil recovered after yesterday's fall; Know the full condition of the global market
Zee Business Video Team | Updated: April 12, 2022 11:07 am
Mixed cues from the global market: Market slips after a good start. Dow falls 400 points and closes at day's low. S&P 500 down 1.7%, selling in all 11 sectors. Nasdaq lost more than 2%. Bond yield rises sharply to 2.8% now. Heavy selling in IT stocks due to rise in bond yields. Watch inflation data for March, inflation forecast up to 8.4%. Inflation in America at 41 year high. Crude oil recovered after yesterday's fall. Crude oil had fallen by 4 - 4-5% in the last session. Covid lockdown expected to reduce demand in China. OPEC advises EU not to impose sanctions on Russian oil.
