Dow Futures, SGX Nifty Rise: Fed’s Minutes & Global Triggers for D-Street
By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.39% or 71 points higher at 9:22 am on Thursday, as benchmark indices Nifty50 gained 0.17% and climbed 0.2%
Further, the advanced 0.16% and rose 0.26%.
Major indices on Wall Street made solid gains on Wednesday, following the minutes of the Fed’s October meeting that showed chances of rate hikes slowing soon. A majority of Fed policymakers agreed to the prospects of slowing the pace of rate hikes soon.
surged 0.99%, gained 0.59% and rose 0.28%.
Stocks across Asian markets advanced on Thursday, following positive cues from the overnight session on Wall Street amid indications that the Fed might slow the pace of interest rate hikes and reports of fresh economic stimulus from China.
At 9:10 am, South Korea’s Kospi gained 0.56%, Japan’s Nikkei jumped 1.2%, Hong Kong’s climbed 0.3%, China’s lowered 0.11% and Australia’s ASX 200 rose 0.23%.
Oil declined on Thursday amid fears of supply disruptions easing after the Group of Seven nations (G7) was seen imposing a much higher-than-expected price cap on Russian oil sales.
slipped 0.21% to $85.23/barrel and WTI Futures traded muted at $77.94/barrel. Futures plunged 1.9%.
By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.39% or 71 points higher at 9:22 am on Thursday, as benchmark indices Nifty50 gained 0.17% and climbed 0.2%
Further, the advanced 0.16% and rose 0.26%.
Major indices on Wall Street made solid gains on Wednesday, following the minutes of the Fed’s October meeting that showed chances of rate hikes slowing soon. A majority of Fed policymakers agreed to the prospects of slowing the pace of rate hikes soon.
surged 0.99%, gained 0.59% and rose 0.28%.
Stocks across Asian markets advanced on Thursday, following positive cues from the overnight session on Wall Street amid indications that the Fed might slow the pace of interest rate hikes and reports of fresh economic stimulus from China.
At 9:10 am, South Korea’s Kospi gained 0.56%, Japan’s Nikkei jumped 1.2%, Hong Kong’s climbed 0.3%, China’s lowered 0.11% and Australia’s ASX 200 rose 0.23%.
Oil declined on Thursday amid fears of supply disruptions easing after the Group of Seven nations (G7) was seen imposing a much higher-than-expected price cap on Russian oil sales.
slipped 0.21% to $85.23/barrel and WTI Futures traded muted at $77.94/barrel. Futures plunged 1.9%.