Stock Market Today: Amid encouraging global cues, domestic indices may open in the green. In the first trade of the day, the Nifty futures on the Singapore Exchange (SGX) were up 88 points, or 0.48%, at 18,652. Asian markets were trading in the green, with the Hang Seng in Hong Kong jumping 2.71%, the Shanghai Composite index in China rising 0.37%, the Asia Dow soaring 1.61%, the KOSPI in South Korea soaring 0.94%, and the Nikkei 225 in Japan soaring 0.79%.
Oil prices rise as market awaits possible OPEC+ cuts
As markets assessed the potential of price-supportive OPEC+ production cuts over the weekend despite good mood over U.S. monetary policy and Washington’s debt ceiling deal, oil prices increased on Friday in early Asian trade.
Following two straight days of falling petroleum prices, Brent crude futures increased by 13 cents, or 0.18%, to $74.41 a barrel by 01:15 GMT, while U.S. West Texas Intermediate crude (WTI) increased by 15 cents, or 0.21%, to $70.25 a barrel.
Stock Market Today: Dollar wallows as June Fed bets ebb, debt ceiling deal close
The U.S. dollar slumped against key rivals on Friday, heading for its worst week since late March, as expectations that the Federal Reserve won’t raise interest rates this month increased.
The U.S. dollar index, which compares the value of the dollar to a basket of six foreign currencies, fell 0.62% on Thursday, its weakest day in nearly a month, but was little changed at 103.57 in early Asian trading.
US market open in green
The Dow Jones Industrial Average (DJIA), the S&P 500, and the tech-heavy Nasdaq all closed the overnight session in the black for the US market. The BSE Sensex fell 193.70 points or 0.31% to 62,428.54 on Thursday, while the NSE Nifty 50 dropped 46.65 points or 0.25% to settle at 18,487.75.
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