There are mixed signals from overseas markets. The S&P 500 flat closed in yesterday’s business after touching a record high.
There are mixed signals from overseas markets. The S&P 500 flat closed in yesterday’s business after touching a record high. At the same time, the DOW saw a drop of 80 points. Traders are now waiting for the relief package. Jobless claims in the US have been better than expected.
The lowest jobless claims figures have come since March. The number of jobless claims last week has been less than 1 million. At the same time, weak business is visible in Asian markets. SGX Nifty is also trading below.
Meanwhile, there has been a surge in gold and silver. Gold on COMEX rose 2.5 percent yesterday. Silver also gained about 5 percent. The weak dollar and good employment data in the US are supported. Meanwhile, crude is showing softness. IEA has reduced demand outlook.
Today Asian markets are also seeing weakness. SGX NIFTY is shown below 8 digits. At the same time, Nikkei is seen around 23,268.13 with a slight gain of 0.08 per cent. Strait Times also sees a weakness of 0.24 per cent.
At the same time, Taiwan market is trading at a level of 12,749.41 with a decline of 0.11 percent. While Hangseng is seen at a level of 25,213.87 with a weakness of 0.07 percent. At the same time, Kospi is seeing weakness of 1.23 percent. However, the Shanghai Composite is showing a gain of 0.42 per cent at 3,334.70.
On the other hand, Corona’s furore continues in the world. The total corona cases in the country have reached 24 lakh. In the last 24 hours, 67 thousand new cases have been reported.
