Global markets today: US stocks suffered from daily losses last Friday, witnessing heavy selling pressure and extended its weekly rout following data that showed the core PCE rose at the highest rate in six months.
On reason for weakness on Wall Street, Marc Despallieres, Chief Strategy and Trading Officer at Vantage said, "US stocks extended its weekly rout following data that showed the core PCE rose at the highest rate in six months.
Likewise, on the upper side, SGX Nifty is expected to face hurdle at 17,650 whereas 17,800 may work as major hurdle for the index."
Asian markets In Monday morning deals, the Japanese Nikkei is down 0.15 per cent, Shanghai index is down 0.42 per cent, Hong Kong's Hang Seng has corrected 0.88 per cent while South Korean KOSPI has corrected 1.19 per cent.
US dollar rates Despite profit booking in early morning session, US dollar has managed to maintain its strength as Dollar Index is sustaining above 105 levels.
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Source - MINT