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All over Global Stock market down. Omicron cases effect?

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global stock market 2022

Global stock market down from yesterday. Wall Street is showing all red, a rare scene after many months. 

global stock market 2022

global stock market 2022

Omicron effect:

Omicron is now affecting the Global stock market, and you can see everything coming in red. This situation is expected until the following news of how many countries are affected due to this latest wave of covid variant. 

The global market condition is weakening is not a good sign. This will be the second to the third year where we see a negative trend worldwide in the stock market. Investors are worried about the first half of 2022. The market can bounce back if any good news about Omicron vaccines or medicines comes. Because the way cases are growing worldwide and death number once again succeeding is now holding investors to invest in the stock market.

The global market in red:

Today from DJIA, DOW, NASDAQ, SENSEX AND NIFTY, SG NIFTY, crude, and gold all red. Even many currencies are seeing pressure, especially of growing nations. Things will be sluggish till the first half as many experts feel the market now needs some fresh and that is only possible when something new and positive grows worldwide. All the negative mindsets increasing in the US, UK, and other nations due to covid are pushing the global market down in 2022 first half. 

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Indian rupee falls 0.7 paise due to growing oil prices.

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indian rupee vs dollar and dirham

On the other side the Dollar index grows by 0.04% to 95.95. Indian Rupee falls 0.7 paise due to multiple reasons vs Dirham and Dollar. 

Indian rupee vs dirham and dollars

Indian rupee vs dirham and dollars

It’s like D and P are hurting the Indian rupee. Rupee down 0.7 paise due to poor equity market and high oil prices. 

The Indian rupee falls 0.7 paise to 74.67 versus the US dollar (20.34 against the UAE dirham) in opening trade on Tuesday morning 25th Jan 2022. Weighed down by the power of the American currency and muffled Indian equities.

Forex traders stated geopolitical tensions maintained foreign fund outflows affecting Indian Rupee. Also, advanced crude oil prices dragged down the rupee. Many investors are waiting for the US Federal Reserve meeting this week. Today Indian Rupee opened flat, but it lost momentum and went down to 74.67. It declined 0.7 paise from 74.60 last close on Monday 24th Jan 2022. 

Indian Rupee this week:

On Monday 24th Jan 2022, the rupee had fixed at 74.60 vs the dollar. The dollar index, which gauges the greenback’s force against six currencies, rose by 0.04 percent to 95.95.

The US dollar climbed to a 2-week high vs its major peers on Monday amid escalating concerns about both a more rapid pace of Federal Reserve policy tightening. And the potential military conflict in Ukraine vs Russia.

Ukraine border tension is affecting the Asian market. Two big nations are coming towards each other due to one problem. Talks between US and Russia not going in the right direction is a big concern for other countries in Asia. 

Per Barrel heading towards 100$ again?:

Due to the recent issues, the global oil benchmark Brent jumped 0.54 percent to $86.74 per Barrel. Many predict 100$ per Barrel in near time in 2022. 

Sensex traded more than 305.80 points or 0.54 percent lower at 57,187 points. Broader NSE Nifty fell by 71.27 points or 0.41 percent 17,079 points.

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Outgoing Chemical Shipment soars, Saudi non-oil export growth hit 26.1% in November.

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Outgoing Chemical Shipment soars

Great news coming from Chemical shipment business. Outgoing Chemical Shipment soars, Saudi non-oil export growth hit 26.1 last November 2021. Data is provided by Gastat source of news Arab news.

Outgoing Chemical Shipment soars image from shutter stock

Outgoing Chemical Shipment soars image from shutter stock

Outgoing Chemical shipment:

Exports of Chemicals industries is expanding by 71%. More than 35% of non-oil merchandise export done.

According to sources, sales of rubber then plastic is also increased by nearly 40%. The ratio of non-oil exports to imports bounced to 53 percent in November 2021, up from 42 percent in the previous month Dec 2021. In its latest report, imports grew by only 1.4 percent, corresponding to the higher growth of non-oil sales, Gastat pointed out in its latest news.

Moreover, oil exports poured by 113 percent, and its share of total exports rose to 76 percent in November 2021. It is up from 65 percent in the same month of the earlier year. Overall goods exports jumped 83 percent from a year before.

China was the Kingdom’s leading trading partner, accounting for 17 percent of exports and 21 percent of imports. India and Japan are other significant recipients of Saudi goods and services, buying 12 percent and 10 percent, respectively, of exports. South Korea, the US, the UAE, and Egypt were among the top 10 exporting termini.

In addition, the US and the UAE supplied Saudi Arabia with 12 and 6 percent, respectively, of its imports.

The important customs ports for imports, Gastat said that 26 percent of total buys came via the Jeddah Islamic Sea Port in November 2021. Then second is King Abdulaziz Port, King Khalid International Airport, and Bat’ha.

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Zuckerberg’s new promising the world’s largest artificial intelligence supercomputer

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Mark Zuckerberg

According to Zuckerberg’s new promising, the cluster of machines can process images and video up to 20 times faster than their current systems.

Despite Zuckerberg’s new promising ongoing disputes over privacy and disinformation, Facebook’s parent company Meta announced on Monday. That it was posting one of the world’s most decisive supercomputers to increase its data processing capacity.

“The experiences we are set for the metaverse require enormous compute power (quintillions of operations per second!,” wrote Meta CEO Mark Zuckerberg on Facebook. Referring to his concept of a 3D internet in which users wear virtual reality headsets. Also sensor equipment to create an immersive experience.

The company plans to create Artificial Intelligence (AI) tools that will allow people speaking in different languages to comprehend each other in real-time, among other things.

The AI Research Super Cluster (RSC) machine, according to Meta. This is already among the top five fastest supercomputers also will become the fastest AI machine in the world when fully made in the coming months.

Largest Artificial Intelligence supercomputer

Largest Artificial Intelligence supercomputer

Platforms such as Facebook and Google have long been chastise for processing and using the data they collect from their users.

The two companies are currently facing legal action throughout the European Union. Which alleges that data transfers from the EU to the US are illegal. Furthermore. The AI algorithms that direct Facebook users to appealing posts have been chastised for contributing to the spread of misinformation also hate speech.

‘Technology superpower’

Facebook has repeatedly apologized for the damaging effects of its algorithms also has long emphasized. Its investment in content moderators also other measures to combat problematic posts.

EDR, a network of non-governmental organizations (NGOs) campaigning for extensive tech regulation, acknowledged on Monday. That Facebook had to make efforts to improve but questioned what the company might do with such a powerful tool.

“Nothing good can reach from all of that computer power in the hands of such a tech superpower. The group’s policy director, Diego Naranjo, told AFP. Two Meta’s AI research team members emphasized weeding out harmful content as one of the “critical use cases” for its AI development in a blog post announcing the supercomputer on Monday.

According to the researchers, the high-definition video was increasing demand for processing power. While the company was pushing for AI tools based on trillions of data points.

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