New Delhi, September 2(HS):
Global markets are sending mixed signals today as investors navigate through a patchy trading landscape. The US markets remained closed yesterday in observance of Labor Day, leading to no trading activity on Wall Street during the last session. Nevertheless, Dow Jones futures are currently down by 92.02 points, or 0.20%, trading near 45,544.88, indicating cautious sentiment ahead of the open.
European indices displayed resilience amid pressure, with the FTSE closing marginally up 0.01% at 9,188.35, CAC edging higher by 0.04% to 7,706.60, and the DAX showing robust gains of 129.29 points or 0.54%, finishing at 24,031.50.
Asian markets today are portraying a mixed picture. Of the nine major indices tracked, six are trading in green while three are in the red. The Shanghai Composite dipped 0.79% to 3,844.84, Hang Seng fell 0.54% to 25,479, and Taiwan Weighted eased 0.19% to 24,025.56. In contrast, the Straits Times index rose 0.33% to 4,290.30, and Jakarta Composite surged a notable 1.07% to 7,819.13. Meanwhile, South Korea’s Kospi stands firm with a 0.86% increase to 3,170.08, the SET Composite climbed 0.47% to 1,250.37, and the Nikkei gained 191.21 points or 0.45% to 42,380.
Back home, the Nifty futures (GIFT Nifty) show a tentative uptick of 0.04%, trading at 24,737.50, signaling cautious optimism amid an uneven global backdrop.
This blend of gains and slips across global regions underscores the prevailing investor caution as markets factor in a slew of economic data and geopolitical developments. Traders remain vigilant, balancing risk amid a backdrop of uncertainty and selective buying.
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Hindusthan Samachar / Jun Sarkar