By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.21% or 38.5 points lower at 8:07 am on Thursday, tracking mixed global cues and indicating a lower opening on Dalal Street.
Major US indices declined on Wednesday as the debt ceiling negotiations continued to yield no definite result, making investors tense as the deadline for raising the country’s $31.4 trillion debt limit approaches the June 1 deadline date.
Further, Fitch Ratings placed the US’ AAA rating on Rating Watch Negative in the overnight session, citing increased uncertainty over the ongoing debt ceiling talks as lawmakers struggle to reach a deal.
Asian shares moved mixed on Thursday amid the US debt ceiling discussions failing to reach a decision and chances of another rate hike at the Fed’s next monetary policy meeting, while the Bank of Korea held its benchmark interest rate steady at 3.5% for the third consecutive central bank meeting.
Oil prices dipped slightly on Thursday amid growing pressure from a strong dollar and some profit booking. Brent crude traded at $78.37/barrel and WTI Futures slipped 0.15% to $74.24 a barrel while writing. Natural Gas Futures rose 0.43%.
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