Market is expected to open on a positive note and likely to witness rangebound move during the day - Nirmal Bang
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US: U.S. stocks were higher after the close on Friday, as gains in the Oil & Gas, Utilities and Consumer Services sectors led shares higher.
Asia: Asian markets were off to a mixed start in the last week of the year, with the MSCI Asia ex-Japan index flattish.
India: India stocks were lower after the close on Friday, as losses in the Power, Metals and Oil & Gas sectors led shares lower.
Market is expected to open on a positive note and likely to witness rangebound move during the day.
Global Economy: U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand is probably not cooling fast enough to discourage the Federal Reserve from driving interest rates to higher levels next year.
Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives from desperate builders, but the overall housing market remains depressed. New home sales increased 5.8% to a seasonally adjusted annual rate of 640,000 units
Canada recorded a C$174 million ($127.91 million) budget deficit for the first seven months of the 2022/23 fiscal year, partly due to higher debt charges, the finance ministry said on Friday. By comparison, Canada posted a C$72.25 billion deficit in the period from April to October 2021.
Commodities: Gold prices fall below $1,800/oz as treasury yields make an upmove.
Oil prices rose after Russia said it could cut crude output in response to the G7 price cap on Russian exports.
Currency: The Chinese yuan, weakened against the U.S. dollar on Monday.
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