Markets may see flat-to-negative opening
27th September 2012 09:18 AM
Indian equities are likely to open flat on Thursday, Sept. 27, 2012. SGX Nifty is trading at 5,647 (07.17 a.m.), 13 points lower than Wednesday"s closeof 5,660.
Most Asian stocks fell as data from the U.S. to Italy added to concern that global economic growth is waning and Spanish borrowing costs soared amid violent protests against austerity measures. Japanese benchmark index Nikkei 225 fell 41.58 points, or 0.47%, to trade at 8,865.12.
Oil fell below USD 90 a barrel Wednesday in international markets. Crude for November delivery fell USD 1.89, or 2.1%, to USD 89.48 a barrel on the New York Mercantile Exchange. Brent oil for November settlement dropped USD 1.44, or 1.3%, to USD 109.01 a barrel on the London-based ICE Futures Europe exchange.
US stocks fell on Wednesday as protests in Spain and Greece over euro zone austerity measures raised fresh concerns over Europe"s ability to get its debt crisis under control. The Dow Jones industrial average was down 44.04 points, or 0.33%, at 13,413.51.
European stocks slid on Wednesday the most in two months as Spain prepared to present its budget and Federal Reserve Bank of Philadelphia President Charles Plosser said the third round of bond buying may fail to stimulate growth. UK"s benchmark index FTSE 100 declined 91.62 points, or 1.56%, to end at 5,768.09.
In the spot market, the Dollar Index decreased 0.16% to 79.75 (21:34 ET).
World commodity prices fell on Wednesday with the decrease in Reuters Jefferies CRB Index by 0.97%.
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