INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Indian equity, forex, money and commodity markets are closed on Friday on account of Guru Nanak Gurpurab.
Other Asian shares
barely budged in early Friday trade as investors were reluctant to make any big bets in the face of trade tensions, signs of slowing
earnings and Brexit negotiations, reports Reuters.
A draft deal between Britain and the European Union on future relations offered some hope
for battered markets, though more evidence of pressure on corporate earnings in Europe kept equity investors sidelined.
MSCI’s broadest
index of Asia-Pacific shares outside Japan was up 0.1 per cent in early trade
Australian shares were up 0.23 per cent, and Seoul's Kospi was flat, said the report
Despite small gains, US equity futures were pointing to weakness on Wall Street when trading resumes Friday
SP E-mini futures were down 0.24 per cent at 2,642.75
US financial markets were closed for Thanksgiving on Thursday
On Thursday, stock markets in Europe were hit by disappointing earnings on further signs that corporate profit growth is peaking
globally.
Crude oil weakOil markets remained weak on Friday, pressured by concerns that producers are churning out more oil than the world
needs amid a bleak economic outlook
US West Texas Intermediate (WTI) crude futures, were at $54.07 per barrel, down 56 cents, or 1 percent, below their last settlement
Front-month Brent crude oil futures were at $62.64 per barrel, 4 cents above their last close amid thin trading due to a holiday in Japan
“Oil prices fell as concerns of further oversupply drove sentiment lower,” ANZ bank said on Friday
Rupee on a highThe rupee extended its upward momentum against the US dollar to the seventh day on Thursday, strengthening past the
psychological 71-a-dollar mark
Amid easing crude oil prices, the rupee closed at 70.69 to the dollar, its highest in three months
The domestic currency had closed at 71.46 a dollar on Tuesday
The foreign exchange market was closed on Wednesday for a public holiday.
Dalal Street on ThursdaySustained capital outflow, triggered by
prevailing pessimism in global markets over concerns of weak global economic growth and lingering US-China trade tussle, made the market
suffer losses for the third consecutive day on Thursday
Participants went for across-the-board selling spree, with metals, telecom, banking and financial stocks taking the biggest hit
Subdued US dollar and soft crude oil prices pushed the rupee higher, but it failed to give the market a booster dose
After opening in the green, Sensex traded in the positive terrain during the first half of the session, but a fresh spell of selloff in
most sectors in the second half spoiled the session
The 30-share index fell 219 points, or 0.62 per cent, to end the day at 34,981, while Nifty50 finished 73 points, or 0.69 per cent, lower
In line with Sensex, BSE Midcap and Smallcap indices, too, shut shop with losses, falling 0.74 per cent and 0.44 per cent, respectively.
