Nifty Pre-Open Cues Indicate Positive Open on US Debt Bill Deal, Asian Trade

  • Investing.com
  • Stock Market News
Nifty Pre-Open Cues Indicate Positive Open on US Debt Bill Deal, Asian Trade

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.43% or 80 points higher at 9 am on Friday, tracking positive global cues and indicating a higher opening on Dalal Street. 

Further, the Dow Jones Futures gained 0.13% and Nasdaq 100 Futures advanced 0.18%.

Major US indices jumped on Thursday as investors celebrated the vote for suspension of the debt ceiling, while sentiments boosted on signs of slowing wage pressure, which raised expectations of the Fed pausing the interest rates in the upcoming June policy meeting.

Investors now await the unemployment data for May, set to be released by the Labour Department. 

Nasdaq Composite jumped 1.3%, Dow Jones rose 0.47% and S&P 500 surged 0.99%.

Asian shares rose sharply on Friday amid positive vigour in the overnight session on Wall Street and suitable economic expectations coming from the US market.

At 9:05 am, Japan’s Nikkei 225 gained 0.76%, South Korea’s KOSPI jumped 0.84%, Hong Kong’s Hang Seng index soared 3.65%, China’s Shanghai Composite rose 0.76% and Australia’s ASX 200 gained 0.36%.

Oil prices rose on Friday after dipping in early trade, with Brent crude gaining 0.6% to $74.71/barrel and WTI Futures rising 0.57% to $70.5 a barrel while writing. Natural Gas Futures gained 0.3%.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles