Mixed reaction is being seen in major Asian markets in today’s trade. On the other hand, after Friday’s fall, the stock futures are looking flat.
Stock Market Update Today: Global cues are looking mixed for the domestic stock market today. Mixed reaction is being seen in major Asian markets in today’s trade. On the other hand, after Friday’s fall, the stock futures are looking flat. Weakness was seen in the US markets on Friday. Dow Jones declined by 349 points and closed at the level of 32,899.70. The S&P 500 index declined 1.6 percent and closed at 4,108.54. Whereas Nasdaq closed at the level of 12,012.73 with a loss of 2.5 percent. The main concern of investors is about inflation and rate hike. Job data has been better, but it is already expected. This factor was a discount for the market. Concerns about growth remain.
Brent crude is seeing a rise. In the international market, crude is trading around $121 per barrel. While US crude is close to $ 120 per barrel. The 10-year bond yield in the US stands at 2.948 per cent. Talking about Asian markets, SGX Nifty has a weakness of 0.46 percent, while Nikkei 225 is up by 0.25 percent. The Strait Times has weakened 0.38 per cent, while the Hang Seng is up 0.74 per cent. Taiwan Weighted is down 0.16 percent, while Shanghai Composite is seeing a gain of 0.24 percent.