What's Hot?
By IRIS
25th October 2012 09:18 AM
Indian equities are likely to open flat on Wednesday, Oct. 25, 2012. SGX Nifty is trading at 5,676 (07.22 a.m.), 13.5 points higher than Tuesday"s closeof 5,689.5.
Asian stocks rose as sales of new homes in the U.S. climbed to a two-year high, helping to support what the Federal Reserve described as modest growth in the world's biggest economy.Japanese benchmark index Nikkei 225 rose 40.55 points, or 0.45%, to trade at 8,994.85.
The price of oil hovered under USD 87 a barrel Wednesday as hopes that the slowdown in Chinese manufacturing might be stabilizing helped shore up sentiment across financial markets. By early afternoon in Europe, benchmark oil for December delivery was down 12 cents to USD 86.55 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent crude was up 22 cents to USD 108.47 a barrel on the ICE Futures exchange.
US stocks ended lower on Wednesday as investors soured on another round of underwhelming corporate results and the Federal Reserve said it would stick to its stimulus plan until the job market improves. The Dow Jones industrial average shed 25.19 points, or 0.19%, to close at 13,077.34.
European stocks advanced on Wednesday as technology companies rallied, outweighing worsening economic data from the euro area. UK's benchmark index FTSE 100 advanced 6.87 points, or 0.12%, to end at 5,804.78.
In the spot market, the Dollar Index increased 0.03% to 79.93 (21:40 ET).
World commodity prices fell on Wednesday with the decrease in Reuters Jefferies CRB Index by 0.73%.
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