← Go back May 05, 2023
Asian equity futures were mixed and the dollar held losses on Thursday after treasury yields fell on signs of easing inflationary pressure in the U.S.Contracts for the S&P 500 were little changed after the benchmark rose 0.4% Wednesday. Nasdaq 100 futures were also steady following a 1.1% rise in the tech-heavy benchmark, which closed at the highest level since August.The move in the Japanese currency weighed on the nation’s equity futures, which inched lower alongside Australian contracts. Futures for Hong Kong were marginally higher.Headline U.S. inflation eased to 4.9% in April, the first reading below 5% in two years and below consensus expectations. Core inflation remained at 5.5%.Meanwhile, the yield on 10-year treasuries in U.S. was trading at 3.43%. Crude prices traded below $77-mark, while Bitcoin declined below 28,000-level.At 6:09 a.m., the Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 0.20% at 18,395.Domestic benchmark indices picked up towards the end of session after swinging between gains and losses.The Indian rupee inched against the U.S. dollar as the greenback suffered due to cautious investor sentiment.Foreign investors were net buyers for the tenth straight day and bought equities worth Rs 1,833.13 crore. On the other hand, domestic institutional investors turned sellers, and sold stocks worth Rs 789.67 crore, snapping a two-day buying streak, the NSE data showed.Continue Reading. Read more on Markets by BloombergQuint.
Read more: bloombergquint
