Our Markets seen to may open on a negative note on to day amid weak global cues. At 08:45 am, SGX Nifty50 futures in Singapore e were trading 86.50 points or 1.18% lower at 7,350.50, indicating a gap-down opening of the markets.Investors are likely to react to key earnings of Axis Bank, JSW Energy, UltraTech Cement and KPIT Technologies, among others, which are scheduled to be announced during the day and Tuesday's better-than-expected December quarter earnings of Reliance Industries.
Asian equities bounced back in afternoon trade after having a mixed but volatile reaction to a slew of key Chinese data, even though the numbers were mostly in line with expectations. Chinese stocks jumped in late trade, with the Shanghai Composite closing up 94.70 points, or 3.25 %. . Hong Kong's Hang Seng Index closed up 398.36 points, or 2.07%. In Japan, the Nikkei225 wavered between gains and losses throughout the session before closing up 92.80 points, or 0.55%. South Korea's Kospi erased losses to close 11.19 points, or 0.60 %, higher . Australia's ASX200 extended gains in late-afternoon trade to close in positive territory, up 44.39 points, or 0.91%.
European stocks rose the most in three weeks amid optimism China will act to support its weakening economy.The Stoxx Europe 600 Index climbed 1.3 percent at the close of trading. The CAC 40 is up 1.97% while London's FTSE 100 is up 1.65% and Germany's DAX is up 1.50%.
U.S. equities erased losses that brought them to the brink of lows not seen since last August’s selloff, with gains in consumer and utility shares outweighing losses among commodity stocks as oil resumed its tumble. The S&P 500 closed up 1 point, or 0.50%, at 1,881.33. The Dow Jones Industrial Average gave up most of a nearly 200-point gain to close 27.94 points higher, or 0.17%, at 16,016.02. The Nasdaq Composite closed down 11.47 points, or 0.26%, at 4,476.95.
In an abrupt turnaround, U.S. oil prices plunged 3.3 percent after gaining more than 1 percent Tuesday. U S Crude Futures closed down 96 cents, or 3.26 percent, at $28.46 a barrel after earlier reverting to a discount to Brent prices. Brent Crude futures, the global benchmark, posted their strongest daily gains in four months, before easing back to trade up 32 cents, or 1.12 percent, at $28.88 a barrel.
Gold futures were near unchanged on Tuesday as the market lacked the jolt needed to make another charge towards $1,100 per ounce. Gold for February delivery on the Comex division of the New York Mercantile Exchange was last down 80 cents or 0.1 percent to $1,089.90 per ounce. Comex silver for March settlement rose 20.4 cents or 1.5 percent to $14.100 per ounce.
Asian stocks resumed declines to day as Japanese equities retreated and a gauge of energy shares traded near its lowest since 2008. The Shanghai Composite is off 0.80% while the Hang Seng is down 3.10%. The Nikkei 225 is trading.below 2.15. South Korea's Kospi has lost 1.52%I Australia’s S&P/ASX 200 Index lost 0.71%