Global Markets Today: The US stock market posted sharp gains on Thursday as all three major indexes ended in the green and US Treasury yields climbed as investors looked beyond signs of a weakening economic outlook after strong earnings. In Asian markets, Japanese consumer price index (CPI) data beat market estimates by reporting 3.5 per cent core inflation excluding volatile items in April 2023. Indicating a positive opening today on Dalal Street, SGX Nifty opened higher today and recaptured the psychological 18,000 level.
Here we list the important global market Triggers that may guide the Indian stock market today:
american stock market
All the three major indices witnessed gains on Thursday on strong earnings reported by listed companies in Wall Street. The Dow Jones was up 1.57 percent, the S&P 500 index saw a 1.96 percent gain, while tech heavy Nasdaq saw its biggest intraday gain since mid-March 2023 of 2.43 percent. The Dow Jones and S&P 500 also posted their biggest intraday gains since January 2023.
Citing the rally on Wall Street, Jay Hatfield, portfolio manager at InfraCap, said, “(earnings) from Meta was strong. Terrible isn’t really playing out.”
U.S. Dollar
After coming close to 101 level, the dollar index gained momentum once again on speculations of US Fed rate hike. In the morning deals, the US dollar witnessed buying interest among the bulls as the dollar index gained 0.04 per cent and touched the level of 101.267.
asian stock market
In the morning session, Japanese Nikkei rose 0.65 per cent, Shanghai index 0.69 per cent, Hong Kong’s Hang Seng rose 0.92 per cent, while South Korean KOSPI advanced 0.68 per cent.
Indicating a strong opening on Dalal Street, SGX Nifty opened higher today and retraced the psychological 18,000 level. SGX Nifty is currently trading in a long range of 230 points, which is good for major benchmark indices of Dalal Street.
Speaking on SGX Nifty today, Anuj Gupta, Vice President – Research at IIFL Securities SGX Nifty is currently trading with gains of over 75 points, indicating a strong opening indian stock market Today.”
gold price today
Gold prices started booking profits on Thursday due to gains in the US dollar against major global currencies. It seems that investors are cautious about the volatility in the price of gold as the price of the yellow metal is fluctuating around its Thursday’s closing price. In the international market, gold today traded at around $1,989 an ounce, up about 0.08 per cent from Thursday’s closing price in the international spot market.
crude oil price
Oil prices heading for second weekly loss wti crude Oil prices slipped below the $75 per barrel mark in morning deals in Asian stock markets. The price of Brent crude oil is currently running at $78.29 per barrel.
US bond yield
In the morning session, the US 10-year bond yield fell 0.11 per cent to 3.524, while the US 30-year bond yield fell 0.09 per cent to 3.753.
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