Market is expected to open on a flattish note and likely to witness range bound move during the day- Nirmal Bang Ltd
Market Review
US: US stocks ended higher on Thursday as investors digested a stack of key earnings reports.
Asia: Asia markets mostly rose Friday after Wall Street rose overnight as investors assessed Big Tech earnings.
India: Market continued its upward trend for the third consecutive day on Thursday, driven by strong performance in major stocks like Reliance Industries, Bharti Airtel and HDFC Bank. Market is expected to open on a flattis
Global economy: Indonesia’s foreign direct investment last year was 900.2 trillion rupiah ($55.33 billion), up 21% on a yearly basis. FDI in the fourth quarter was 245.8 trillion rupiah, a 33.3% increase from the same period a year earlier, versus the third quarter's growth of 18.6%. The data excludes investment in financial and oil and gas sectors. Japanese industrial production unexpectedly grew in December amid some recovery in manufacturing activity, while retail sales surged past expectations on strong private spending. Industrial production grew 0.3% month-on-month in December, beating expectations for a decline of 0.1% and picking up from the 2.2% contraction seen in the prior month, Government data showed on Friday. The December increase comes as several local exporters ramped up output and overseas shipments to frontload sales before the potential imposition of trade tariffs under U.S. President Donald Trump.
Commodities: Oil prices rose in Asian trade on Friday, benefiting from some dip buying, and were headed for a second week of losses as traders fretted over the prospect of trade tariffs under U.S. President Donald Trump. Gold prices hit a fresh high on Friday and were set for a fifth straight weekly gain, as market participants worried about U.S. tariff threats while awaiting a key inflation report to assess the Federal Reserve's policy path.
Currency: The U.S. dollar edged higher against some of its peers including the yen and euro on Thursday as markets weighed fresh tariff threats, slower-than-expected U.S. economic growth, and an interest rate cut by the European Central Bank.
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