Our Markets seen opening lower today in nline with the trend observed in asian Markets. At 08:30 a.m., SGX Nifty futures were trading 17.00 points lower at 8,724.00 indicating a flat opening oF the markets.
U.S. stocks climbed, with benchmark indexes erasing declines for the year, as oil resumed a rebound and Pfizer Inc. announced a $17 billion deal. The Standard & Poor’s 500 Index added 1 percent to 2,062.52 in New York. The Dow Jones Industrial Average rose 211.86 points, or 1.2 percent, to 17,884.88. The Russell 2000 Index surged 1.5 percent.
Emerging-market stocks rose for a fourth day as rebounding oil prices boosted the outlook for energy companies and investors bet that global central bank easing will buoy demand for developing-nation assets. The MSCI Emerging Markets Index rose 0.1 percent to 982.21, taking its four-day advance to 2.1 percent. Crude gained for the fifth time in six days as volatility surged to the highest level since April 2009.
Oil’s wide swings have rippled through equity markets. Brent crude, the oil grade traders use to price Russia’s main export blend, jumped 4.4 percent to $56.57 a barrel.
Asian markets were trading mixed. Japan's Nikkei 225 index which was trading 0.7 per cent higher at 17,636, Hong Kong's Hang Seng index was trading 0.27 per cent lower at 24,703 and China's Shanghai index was trading 0.91 per cent lower at 3,107.