Global Markets:
- Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite up 0.27%, Hang Seng up 0.29% ASX up 0.06%
- Commodities : Gold at $4952.61 (0.79%) Silver at $98.605 (2.32%), Brent Oil at $64.58 (0.81%), WTI Oil at $59.87 (0.86%)
- Rates : US 10-year yield at 4.244, UK 10-year yield at 4.4740, Germany 10-year yield at 2.8833
News & Data:
- (USD) Final GDP q/q 4.4% to 4.3% expected
Markets Update:
Gift Nifty futures point to a muted opening for Indian equity markets, even as global cues remain supportive following strong U.S. economic data that highlighted the resilience of the world’s largest economy. On Thursday, benchmark indices Sensex and Nifty gained around 0.5 percent each, snapping a three-day losing streak, helped by easing tensions between the European Union and the United States over Greenland.
The Indian rupee recovered slightly from record low levels, ending 3 paise higher at 91.62 against the U.S. dollar, reportedly aided by intervention from the Reserve Bank of India. Foreign institutional investors continued to offload equities, selling shares worth ₹2,550 crore, while domestic institutional investors provided support with net purchases of ₹4,223 crore, according to provisional exchange data.
Asian markets traded higher on Friday after U.S. stocks extended gains for a second straight session amid reduced geopolitical and trade-related concerns between the U.S. and Europe. The Japanese yen hovered near one-week lows ahead of the Bank of Japan’s policy decision, where rates are expected to remain unchanged with a cautious outlook.
Gold prices stayed firm above $4,950 per ounce, hitting a record high as the dollar index weakened sharply. Oil prices edged up modestly in early Asian trade after sharp losses in the previous session on hopes of a Ukraine peace deal and ongoing oversupply worries.
Overnight, U.S. markets advanced on optimism around economic data and easing policy tensions. The Dow Jones and S&P 500 rose 0.6 percent each, while the Nasdaq gained 0.9 percent. European markets also rebounded, with the Stoxx 600 climbing 1 percent, led by gains in Germany and France.
Upcoming Events:
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