Weakness is seen in major Asian markets in today’s trade. On the other hand, after a weak performance last week, there is a slight change in the stock futures and it is trying to rebound.
Stock Market Update Today: Global market sentiments are looking mixed for the domestic stock market. Weakness is seen in major Asian markets in today’s trade. On the other hand, after a weak performance last week, there is a slight change in the stock futures and it is trying to rebound. Talking about Friday, there was a mixed trend in the US markets. Dow Jones gained 138 points and closed at the level of 34721. The S&P 500 index declined 0.27 percent and closed at 4488.28. While the Nasdaq Composite fell 1.34 percent and closed at the level of 13711. There was weakness in all the major indices last week. The S&P 500 declined 1.27 percent, the Nasdaq 3.86 percent and the Dow 0.28 percent. The market is watching the decisions of the Federal Reserve. The US Fed has indicated that strict steps can be taken to deal with inflation. Talking about crude, it has softened. Brent crude is close to $100 per barrel. On Friday, it was settled at $102.78. On the other hand, US crude was settled at $ 98.26 per barrel on Friday.
There is a lot of selling in Asian markets today. SGX Nifty has a weakness of 0.42 percent, while the Nikkei 225 index has lost about 0.57 percent. The Strait Times saw a decline of 0.71 percent and the Hang Seng by 1.90 percent. There is a 0.31 percent weakness in Taiwan Weighted, while the Kospi is down about 0.27 percent. The Shanghai Composite is seeing a weakness of 1.28 percent.
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