Stock Market Today: Dalal Street likely to open in red; Fed to be in focus

Stock Market Today: Around 7.40 am on the Singapore Exchange, Nifty futures were trading at 18,238.50, down 34.50 points or 0.19%, indicating a bad start for Dalal Street on Tuesday.

Asia stocks rise; eyes on Fed

As trading resumed in the majority of the region’s markets after a holiday on Monday, Asian stocks increased. The purchase of First Republic Bank by JPMorgan Chase & Co. and anticipation that the Federal Reserve would raise interest rates once more this week are factors being considered by investors. Asia Pacific Index for MSCI Inc. increased by 0.3%, helped by rising Hong Kong stock prices at opening.

Wall St ends lower after First Republic takeover

As markets processed the acquisition of the troubled First Republic Bank and looked ahead to this week’s crucial Federal Reserve policy meeting, Wall Street equities finished down on Monday. First Republic is now the second-largest bank by assets to fail in US history after being seized by financial regulators in the country on Monday and sold to JPMorgan Chase.

Stock Market Today: Oil falls as economic fears weigh

Tuesday’s light early Asian trading saw a decline in oil prices as investors processed China’s dismal economic statistics and anticipated further increases in U.S. interest rates.

By 00:21 GMT, Brent crude had decreased by 2 cents to $79.29 per barrel, while U.S. West Texas Intermediate (WTI) crude had decreased by 2 cents to $75.64. Last session, both benchmarks decreased by more than $1.

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