Pre-Opening Cues on Nov 23: SGX Nifty Up, Triggers From Global Markets
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.31% or 57 points higher at 8:56 am on Wednesday, indicating a positive opening on Dalal Street.
Further, the traded muted and dropped 0.2%.
Major indices on Wall Street ended sharply higher on Tuesday as a sales forecast by Best Buy diminished concerns that high inflation would lead to a gloomy holiday season. The stock rallied 12.8%, while a rise in oil prices fared well for energy stocks.
Cleveland Fed President Loretta Mester restated that controlling inflation remained paramount for the central bank, while wage growth lags below inflation in most sectors.
and jumped 1.36% each, with the latter closing at its 2.5-month high, while surged 1.18%.
Stocks across Asian markets traded mostly higher on Wednesday, following a rally in the overnight session on Wall Street as investors remained cautious of rising Covid-19 cases in China and its impact on further supply chain disruptions and restrictions.
At 8:55 am, South Korea’s Kospi gained 0.46%, Japan’s Nikkei rose 0.61%, Hong Kong’s slipped 0.12%, China’s lowered 0.14% and Australia’s ASX 200 climbed 0.54%.
Oil rose on Wednesday following data that US crude inventories shrank substantially last week, while top exporter Saudi Arabia said OPEC+ would continue cutting outputs. Rising Covid curbs in China put a lid on gains.
traded at $88.35/barrel and WTI Futures at $81/barrel. Futures gained 0.16%.
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.31% or 57 points higher at 8:56 am on Wednesday, indicating a positive opening on Dalal Street.
Further, the traded muted and dropped 0.2%.
Major indices on Wall Street ended sharply higher on Tuesday as a sales forecast by Best Buy diminished concerns that high inflation would lead to a gloomy holiday season. The stock rallied 12.8%, while a rise in oil prices fared well for energy stocks.
Cleveland Fed President Loretta Mester restated that controlling inflation remained paramount for the central bank, while wage growth lags below inflation in most sectors.
and jumped 1.36% each, with the latter closing at its 2.5-month high, while surged 1.18%.
Stocks across Asian markets traded mostly higher on Wednesday, following a rally in the overnight session on Wall Street as investors remained cautious of rising Covid-19 cases in China and its impact on further supply chain disruptions and restrictions.
At 8:55 am, South Korea’s Kospi gained 0.46%, Japan’s Nikkei rose 0.61%, Hong Kong’s slipped 0.12%, China’s lowered 0.14% and Australia’s ASX 200 climbed 0.54%.
Oil rose on Wednesday following data that US crude inventories shrank substantially last week, while top exporter Saudi Arabia said OPEC+ would continue cutting outputs. Rising Covid curbs in China put a lid on gains.
traded at $88.35/barrel and WTI Futures at $81/barrel. Futures gained 0.16%.