Markets may open positive
05th October 2012 09:18 AM
Indian equities are likely to open flat on Friday, Oct. 04, 2012. SGX Nifty is trading at 5,844 (07.19 a.m.), 13 points higher than Thursday"s closeof 5,831.
Most Asian stocks rose and South Korea"s won climbed to an 11-month high before jobs data in the U.S. The yen slid against most of its peers and Japanese shares gained before the Bank of Japan concludes a policy meeting. Japanese benchmark index Nikkei 225 rose 31.05 points, or 0.35%, to trade at 8,855.64.
Oil prices rose above USD 91 a barrel Thursday aided by worries over clashes on the Syria-Turkey border and a weaker dollar on the eve of keenly-awaited US jobs data, analysts said. New York"s main contract, WTI light sweet crude oil for November, advanced USD 3.57 to USD 91.71 a barrel. Brent North Sea crude for delivery in November rallied USD 4.41 to stand at USD 112.58 a barrel in late London trade.
US stocks gained on Thursday putting it on the cusp of a new five-year high if Friday"s jobs report shows encouraging signs for the labor market. The Dow Jones industrial average gained 80.75 points, or 0.6%, to 13,575.36 at the close.
European stocks closed little changed on Thursday as the European Central Bank and the Bank of England left their benchmark interest rates on hold. UK"s benchmark index FTSE 100 advanced 1.97 points, or 0.03%, to end at 5,827.78.
In the spot market, the Dollar Index increased 0.03% to 79.37 (21:38 ET).
World commodity prices gained on Thursday with the increase in Reuters Jefferies CRB Index by 1.26%.
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