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10-07-2022 09:11 AM | Source: Nirmal Bang Ltd
Nifty is expected to open on a flattish note and likely to witness sideways move during the day - Nirmal Bang
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US: U.S. stocks fell Thursday, as traders weighed sharp swings in stocks and rates to start the month.

Asia:Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.

India: India stocks were higher after the close on Thursday, as gains in the Metals, Capital Goods and Real Estate sectors led shares higher. 

Nifty is expected to open on a flattish note and likely to witness sideways move during the day.

Global Economy: China's foreign exchange reserves fell in September. The country's foreign exchange reserves - the world's largest - decreased to $3.029 trillion last month, compared with $3.055 trillion at the end of August.

Japan's foreign reserves fell by a record to $1.238 trillion at the end of September as a result of the government's dollar-selling intervention during the month to arrest a sharp decline in the yen. The amount compared with $1.409 trillion seen a year ago. Japanese households increased spending in August compared with a year earlier as the economy continued to recover from COVID-19 restrictions, but rising prices are clouding the outlook for further gains. Household spending rose 5.1% in August from a year earlier

Commodities: Gold prices moved little on Friday as investors awaited key U.S. nonfarm payrolls data for more cues on the world's largest economy, but were headed for a second straight week of gains as pressure from the dollar eased.

Oil prices fell on Friday as markets awaited more economic cues from a closely-watched U.S. payrolls report, but were headed for strong weekly gains after the OPEC+ announced its biggest supply cut since the 2020 COVID pandemic.

Currency: The dollar remained elevated after multiple Federal Reserve officials continued to talk up additional rate hikes ahead of a crucial U.S. jobs report later in the day.

 

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