Stock Market Today: The markets appear to be receiving positive global signals. Asia is showing signs of strength. The SGX NIFTY is trading unchanged. Also expected to rise by about a quarter percent is US FUTURES. Yesterday’s US market close was positive. In this case, there are signals from the global market suggesting that the Indian market may start the day slowly.
US Dollar rate
The US dollar experienced some profit taking, and the Dollar Index dropped under 105. However, the US dollar was able to attract bulls’ attention during today’s early morning trades. In early Tuesday trading, the dollar index is up 0.13 percent at 104.737.
“Tuesday’s mid-Asian session sees the US Dollar Index holding lower ground near $104.60 after recording its largest daily loss in five months. It’s important to remember that the US dollar’s previous losses may have been influenced by conflicting US data and a decline in US Treasury bond yields. As of this writing, the price is $104.639 “said Marc Despallieres.
Stock Market Today: Asian Markets
South Korean KOSPI is up over 1%, Shanghai index is up 0.23 percent, Hong Kong’s Hang Seng is down 0.55 percent, and the Japanese Nikkei is up 0.39 percent in the early morning session.
Crude oil prices
In the early Asian session, WTI futures on the NYMEX have continued to rise above the immediate resistance level of $75.80. Investors’ optimism about the Wednesday release of the Caixin Manufacturing PMI data has exposed the oil price to the crucial resistance level of $76.00.
The price of crude oil was up 0.03 percent at $75.71 per barrel at the time of writing on the international spot market.
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