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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here is are top news from around the world ahead of the trading session of January 13
-This week, all eyes will be on corporate earnings, with HCL Tech, Reliance Industries, Infosys, Axis Bank, and Wipro scheduled to release their results.
-Key macroeconomic indicators, including CPI and WPI inflation data, will be closely monitored. Market sentiment will also depend on ongoing foreign fund flows and cues from US markets.
-US stocks sold off on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year. Wall Street’s main indexes closed their second consecutive week in the red.
-Stocks slipped in Asia following Friday’s strong US jobs data, while oil rose to the highest in more than four months as a fresh wave of US sanctions against Russia threatened to crimp supplies. Shares in Australia and South Korea both fell from the open, pressuring a gauge of the region’s shares that’s now declined for four consecutive sessions. US equity futures also edged lower after the S&P 500 slipped 1.5% Friday. Japanese markets are closed Monday, which means there’s no trading in cash Treasuries in Asian hours.
-Global crude benchmark Brent advanced above $81 a barrel, after surging almost 4% in the previous session. The US imposed its most aggressive and ambitious sanctions yet on Russia’s oil industry on Friday, targeting two large exporters, insurance companies, and more than 150 tankers.
-The GIFT Nifty was trading lower at a discount of more than 150 pts from Nifty Futures Friday close, indicating a gap-down start for the Indian market.
-Stocks to watch: HCL Tech, Avenue Supermarts, Just Dial, Adani Wilmar, Waaree Energies, Indian Overseas Bank, Biocon, Sunteck Realty
Tune in to the Marketbuzz Podcast for more cues