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Key Takeaways:
- 💵 The U.S. dollar started the week lower, giving back the previous week’s gains
- 📉 Dollar Index traded down 0.2% at 104.010
- 🏦 Market awaits key inflation data and more comments from Federal Reserve speakers
- 📊 Fed hinted at potential rate cuts, dependent on inflation path
- 🛎️ Core personal consumption expenditures price index is in focus, forecasted to rise in February
- 🗣️ Various Fed officials to speak this week, including Fed Chair Jerome Powell
- 🇪🇺 GBP/USD and EUR/USD edge higher after losses against the dollar last week
- 💷 Bets for rate cuts by ECB and Bank of England rose after SNB and BoE actions
- 💱 USD/JPY lower, yen supported by potential government intervention
- 🇨🇳 USD/CNY falls as People’s Bank of China instructs support for yuan amid economy concerns
- 🎙️ Fed speakers this week will impact market speculation on future rate cuts.
- 📈 Core personal consumption expenditures index is due, with a forecasted rise in February.
- 🚀 AssistGPT™ aims to simplify knowledge management lifecycle through zero-code solution
- 🔧 Features an AI Console for administrators to manage generative AI utilization
- 📊 Early adopters report fivefold increase in speed of knowledge creation with AssistGPT™
- 🌐 AssistGPT™ now accessible through marketplaces of leading CCaaS providers
- 🤖 eGain’s Knowledge Hub offers tools for virtual assistance, self-service, and modern agent desktops
- 💡 eGain introduces AssistGPT™ for customer service automation
- 💼 India equities closed higher with gains in the Real Estate, Auto, and Healthcare sectors
- 📈 Nifty 50 rose by 0.39%, BSE Sensex 30 climbed by 0.26%
- 🚗 Top gainers on Nifty 50: Hero MotoCorp Ltd, Maruti Suzuki India Ltd, UPL Ltd
- 📉 Top losers on Nifty 50: LTIMindtree Ltd, Infosys Ltd, Wipro Ltd
- 💊 Top performers on BSE Sensex 30: Sun Pharmaceutical Industries Ltd, Maruti Suzuki India Ltd, IndusInd Bank Ltd
- 📉 Worst performers on BSE Sensex 30: LTIMindtree Ltd, Infosys Ltd, Wipro Ltd
- 📉 Declining stocks outnumbered rising ones on the India National Stock Exchange
- 💹 India VIX down 2.34% to a 3-month low
- 🛢️ Crude oil prices rose, Gold Futures were up, USD/INR and EUR/INR fell
U.S. Dollar and Market Trends:
- 💵 The U.S. dollar started the week lower, giving back the previous week’s gains
- 🛎️ Core personal consumption expenditures price index is in focus, forecasted to rise in February
- 🏦 Market awaits key inflation data and more comments from Federal Reserve speakers
- 📊 Fed hinted at potential rate cuts, dependent on inflation path
Currency Market Updates:
- 🇪🇺 GBP/USD and EUR/USD edge higher after losses against the dollar last week
- 💱 USD/JPY lower, yen supported by potential government intervention
- 🇨🇳 USD/CNY falls as People’s Bank of China instructs support for yuan amid economy concerns
Financial Technology Advancements:
- 🚀 AssistGPT™ aims to simplify knowledge management lifecycle through zero-code solution
- 🔧 Features an AI Console for administrators to manage generative AI utilization
- 📊 Early adopters report fivefold increase in speed of knowledge creation with AssistGPT™
India Stock Market Performance:
- 💼 India equities closed higher with gains in the Real Estate, Auto, and Healthcare sectors
- 📈 Nifty 50 rose by 0.39%, BSE Sensex 30 climbed by 0.26%
- 📉 Declining stocks outnumbered rising ones on the India National Stock Exchange