Markets may open flat
01st October 2012 09:18 AM
Indian equities are likely to open flat on Monday, Oct. 01, 2012. SGX Nifty is trading at 5,718 (07.37 a.m.), 5 points lower than Friday"s closeof 5,723.
Asian stocks dropped after Japan"s largest manufacturers became more pessimistic and a report showed China"s factory output shrank for an 11th month amid a global economic slowdown that has sapped export demand. Japanese benchmark index Nikkei 225 fell 56.93 points, or 0.64%, to trade at 8,813.23.
Oil prices rose above USD 92 a barrel Friday in international markets. Benchmark oil for November delivery was up 61 cents to USD 92.46 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose USD 1.87 to finish at USD 91.85 a barrel on the Nymex on Thursday. Brent crude gained USD 1.28 to USD 113.29 on the ICE Futures Exchange in London.
US stocks declined on Friday amid concerns about a review of Spain"s credit rating and uninspiring readings on U.S. wage gains and manufacturing. The Dow Jones Industrial Average shed 48.84 points, or 0.4%, to 13,437.13.
European stocks fell on Friday as investors awaited the results of stress tests on the Spanish banking system. UK"s benchmark index FTSE 100 declined 37.35 points, or 0.65%, to end at 5,742.07.
In the spot market, the Dollar Index increased 0.18% to 80.08 (21:55 ET).
World commodity prices gained on Friday with the increase in Reuters Jefferies CRB Index by 0.64%.
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