Investing.com — Nifty 50 Futures, an early Nifty50 indicator listed on Singapore-based exchange SGX, was trading flat at 8:20 am on Monday. Global markets are indicating a muted start to the new week on Dalal Street.
Besides, Dow Jones Futures and Nasdaq 100 Futures also traded flat.Wall Street’s major indexes jumped sharply on Friday, posting their first of four weekly gainsweeks, as investors looked past worries about the economic outlook and joined a buying spree.
Investors are now waiting for CPI data for August, which is scheduled to be released on September 13, to get any indication of any slowdown in inflation.
The Nasdaq Composite jumped 2.11%, the Dow Jones 1.19% and the S&P 500 jumped 1.5% on Friday, and ended the week up by 4.1%, 2.7% and 3.6%. higher, respectively.
Stocks in Asian markets were trading higher on Monday following strong cues from Wall Street on Friday, on hopes the US CPI data would shed some light on a potential cooling inflation, while the euro hit a 3-week peak versus the US dollar and kript. Gone. Highs hit in September amid prospects of an aggressive monetary tightening by the ECB.
At 8:15 am, Japan’s Nikkei gained 1.13% on the Australian ASX 200 and 1 guadagnato.02%, while markets in China, Hong Kong and South Korea were off Monday.
Oil declined on Monday amid concerns over easing demand and US-led prices on Russian crude exports. Brent crude fell 1.4% to $91.5/barrel and WTI futures fell 1.56% to $85.5/barrel. Natural gas futures rose 0.6%.