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
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
World commodity prices fell on Wednesday with the decrease in
Reuters Jefferies CRB Index by 0.73%.