Global cues mixed for the market, pressure on Asia, SGX NIFTY firm

GLOBAL signals are MIXED on the first trading day of the week. Most of the Asian markets are looking sluggish. SGX NIFTY is trading flat. Light pressure is being seen in DOW FUTURES. On Friday, there was a great rally in the US markets. The DOW closed up by 480 points.

signals from overseas market

On Friday, the Dow saw a rise of 483 points and it crossed 34000. The S&P 500 also saw a jump of more than 1%. Nasdaq saw a strength of about 120 points. The 10-year US bond yield stands at 1.46%. Brent is trading close to $80 before the meeting of OPEC+ countries. Here OPEC + countries will meet today on increasing production. Crude is getting support from the weak dollar on increased demand. At the same time, the price of natural gas has reached $ 5.72. There is a recovery in gold and the price on Comex is seen near $ 1765 an ounce. Markets in China and Korea are closed today.

Amidst all this, today most Asian markets are seeing mixed business. SGX NIFTY is trading with a gain of 30.50 points. Strait Times is showing a gain of 1.45%. A weakness of 0.48 percent is being seen in Taiwan and it is seen at the level of 16,491.04. With weakness of 1.92 percent in HANG SENG, it is seen at the level of 24,104.00. At the same time, a decline of 0.95 percent is being seen in NIKKEI.