New Week Opening Cues As SGX Nifty Trade Muted Ahead of India’s Oct CPI Print
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.14% or 26 points higher at 8:55 am on Monday, indicating a muted-to-positive opening on Dalal Street, as investors await the and figures for October in the day.
Further, the slipped 0.2% and declined 0.4%.
Major indices on Wall Street jumped on Friday, extending the rally following a lower-than-expected print for October, sparking speculations that the Fed would go easy on monetary rate tightening.
jumped 1.88%, surged 0.93% and rose 0.1%, rallying 8.1%, 5.9% and 4.15%, respectively during the week.
Stocks across Asian markets eased last week’s rally on Monday, following a top Fed official warning investors about rejoicing upon one inflation figure, pushing up the and bond yields after declining last week. It would take a string of soft reports for the Fed to go easy on rate hikes, stated Governor Christopher Waller.
At 8:45 am, South Korea’s and Australia’s traded flat, Japan’s declined 0.76%, Hong Kong’s soared 3.2% and China’s surged 0.65%.
Oil prices climbed on Monday amid a slight softening of Covid-19 restrictions in China, boosting crude demand. gained 0.5% to $96.45/barrel and traded at $89.3/barrel. Futures jumped 2.2%.
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.14% or 26 points higher at 8:55 am on Monday, indicating a muted-to-positive opening on Dalal Street, as investors await the and figures for October in the day.
Further, the slipped 0.2% and declined 0.4%.
Major indices on Wall Street jumped on Friday, extending the rally following a lower-than-expected print for October, sparking speculations that the Fed would go easy on monetary rate tightening.
jumped 1.88%, surged 0.93% and rose 0.1%, rallying 8.1%, 5.9% and 4.15%, respectively during the week.
Stocks across Asian markets eased last week’s rally on Monday, following a top Fed official warning investors about rejoicing upon one inflation figure, pushing up the and bond yields after declining last week. It would take a string of soft reports for the Fed to go easy on rate hikes, stated Governor Christopher Waller.
At 8:45 am, South Korea’s and Australia’s traded flat, Japan’s declined 0.76%, Hong Kong’s soared 3.2% and China’s surged 0.65%.
Oil prices climbed on Monday amid a slight softening of Covid-19 restrictions in China, boosting crude demand. gained 0.5% to $96.45/barrel and traded at $89.3/barrel. Futures jumped 2.2%.