Our Markets seen to open on a higher note taking positive cues from global markets, Investors will look at quarterly earnings of HDFC Bank and MRF during the day, ahead of holiday on Tomorrow on account of Republic Day. At 08:45 am, SGX Nifty50 futures inSingapore were trading 36.00points or 0.48% higher at 7,462.50, indicating a gap-up opening of the markets.
Asian stocks rally as Japan surges almost 6%. In Japan, the Nikkei jumped by 941.27 points, or 5.88% . The Shanghai composite tacked on 36.12 points, or 1.25%. Hong Kong's Hang Seng Index advanced 538.36 points or 2.90%. Korean Strait in Seoul, the Kospi closed up 38.90 points, or 2.11%.Australian ASX200 index added 50.39 points, or 1.04%.
European stocks posted their biggest two-day gain since October 2011 on increased investor confidence that central banks will act to support markets The Stoxx Europe 600 Index rose 3.00% to 338.36.The U.K’s FTSE 100 was lifted 2.19% to 5900.01and Germany’s DAX 30 popped up 1.99% to 9,764.88. France’s CAC 40 tacked on 3.10% to 4,336.69.
U.S. stocks posted their first weekly gain of the new year Friday as oil futures rebounded for a second day and hints of potential central-bank stimulus in Europe and Japan helped comfort nervous investors. the S&P 500 jumped 37.91 points, or 2.03%, to finish at 1,906.90 The Nasdaq closed 119.12 points, or 2.66%, higher at 4,574.93.
Oil prices rallied above $32 a barrel on Friday as the prospect of new central-bank stimulus and an upcoming snowstorm in the U.S. boosted expectations for fuel demand. Light, sweet crude for March delivery on Friday settled up $2.66, or 9%, at $32.19 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose $2.93, or 10%, to $32.18 a barrel on ICE Futures Europe.
Gold for February delivery on the Comex division of the New York Mercantile Exchange was last down $1.20 or 0.1 percent to $1,097.0 per ounce.Comex silver for March settlement slipped 2.9 cents or 0.2 percent to $14.065 per ounce. Copper futures ended the week in positive territory as calmer market conditions proved beneficial for the base metals complex.Comex copper for March settlement gained 0.60 cents to settle at $2.0025 per pound.
Asian markets traded in positive territory on Monday, extending Friday's rally and continuing to recover from the global rout since the beginning of the year.Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.95% while the Hang Seng is up 1.78%. The Nikkei 225 is trading 1.39 % in green. The Korean Strait in Seoul, the Kosp was up 0.85 % Australia's ASX200rose 1.58%in morning trade,