Nifty’s Opening Cues: SGX Nifty, Dow Futures, Asian Trade, US Market & More
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.05% or 9.5 points lower at 8:40 am on Friday, indicating a flat opening on Dalal Street.
Further, the gained 0.14% and rose 0.3%.
Major indices in the US rose on Thursday, led by a strong run in technology stocks, extending their recent gains, while banking shares declined as the Biden administration proposed stricter rules and measures to strengthen mid-sized US banks and help reduce risk.
jumped 0.73%, gained 0.43% and surged 0.57%.
Asian markets rose sharply on Friday and bonds marked their best month since 2008, following an overnight upswing on Wall Street, while investors omitted concerns of further banking turmoil.
However, markets remained cautious following a higher-than-expected , adding pressure on the European Central Bank to further tighten monetary policy.
China’s slowed in March amid some resilience in local demand and continued momentum from the lifting of anti-COVID measures.
At 8:35 am, South Korea’s and Japan’s surged 1% each, China’s climbed 0.17%, Hong Kong’s jumped 1.01%, and Australia’s rose 0.73%.
Oil prices slipped on Friday, as Chinese business activity data offered mixed economic cues on the world’s largest crude importer, while markets also awaited fresh direction from an next week, stated an Investing.com report.
dipped to $78.4/barrel and slipped to $74.28 a barrel. Futures traded flat.