Nifty’s Pre-Open Triggers As Wall-St Ends Higher and Asian Markets Trade Mixed
By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.22% or 40 points lower at 8:48 am on Friday, tracking mixed global cues.
Further, the Dow Jones Futures and Nasdaq 100 Futures dropped 0.13% each while writing.
Major US indices rose sharply on Thursday following strong revenue guidance from the chipmaking giant Nvidia, which sent its stock soaring over 29% in the session. Meanwhile, investors continued tracking progress for any signs in the ongoing debt ceiling negotiations, which is on its way to approaching the June 1 deadline date.
Nasdaq Composite rallied 1.71%, Dow Jones dipped 0.11% and S&P 500 rose 0.88%.
Asian markets traded mixed on Friday, with Japanese stocks gaining in the morning session. Hong Kong’s market remained closed on account of Buddha’s birthday.
At 9:05 am, South Korea’s KOSPI gained 0.18%, Japan’s Nikkei 225 surged 1%, China’s Shanghai Composite slipped 0.14% and Australia’s ASX 200 traded flat.
Oil prices crept lower on Friday and extended a sharp drop from the prior session as traders awaited more clarity on OPEC's plans for future production cuts. Brent crude dropped 0.33% to $76/barrel and WTI Futures slipped to $71.74 a barrel. Natural Gas Futures declined 0.57%.
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