US Inflation ease in February

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⭐ US Inflation ease in February 

US retail inflation eased to 6% in February 2023, which is the lowest level since September 2021. The number was in-line with market expectations and lower compared to 6.4% in January. With the ease in US inflation, the focus now shifts to the Federal Reserve meeting. The next US Fed meeting is on 21-22 March 2023.

⭐ Hudco announces interim dividend 

Government-owned company has announced an interim dividend of ₹0.75 per equity share for its shareholders. The record date for the same is 22 March 2023.

⭐ Crude prices continue to fall

International oil prices are down nearly 3% in this week’s first two trading sessions. Uncertainty around the US and global economy, along with the ongoing banking crisis in the US, has raised concern amongst oil investors.

Global markets (at 10:00 AM today)

Fact of the day

Google announces AI-powered writing feature for Gmail and Docs.

Source: CNBC