Highlights

  • RBI monetary policy June 6-8
  • US inflation data remains critical

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Top Market Headlines on June 6: Here are the top business news notifications

Big week ahead for economic data and decisions 

The business news is going to be filled with anticipation in June as central banks from RBI to the Federal Reserve meet again. Here are the latest top market headlines we are reading-:

Market Watch
Sentiment remains weak as the US markets ended sharply lower on Friday as the bear market really seemed to have fizzled out.

RBI Rate Watch
Reserve Bank of India to meet for decide on the next steps for rates on June 6-8. Experts anticipate another 50 bps hike from the central bank as inflationary trend continues to show upside.

Global Rate Watch
Austrlian Central Bank to meet on Tuesday, is poised to implement back-to-back interest-rate increases for the first time in 12 years .The RBA began tightening in May following a sharp acceleration in inflation,

Crude Watch
Crude oil rose past $120 a barrel as shortage worries persist. Saudi Arabia raised prices for its biggest market of Asia by more than expected and the US was considering allowing more sanctioned Iranian oil

Crypto Watch
Bitcoin continues to hover around $30,000 mark not breaking a critical technical resistance at $29,000. Lawmakers in New York just passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources.If it passes, it would make New York the first state in the US to ban blockchain technology infrastructure

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