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Market Review

US: US stock market ended lower last week dragged by losses in technology shares.

Asia: Asian markets traded lower on Monday tracking a fall in Wall Street on Friday, amid losses in technology shares..

India: On Friday, the Indian stock market ended higher led by banking and auto heavyweights.

Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

Japan's factory activity shrank at a slower pace in December as declines in production and new orders eased, a private-sector survey showed on Monday, edging closer to stabilisation after recent falls. The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) rose to 49.6 in December, indicating the softest contraction in three months. The index was slightly higher than 49.5 in the flash reading and 49.0 in November but stayed below the 50.0 threshold that separates growth from contraction for the sixth straight month

South Korea's factory output fell more sharply than expected in November amid slowing exports and weakening business confidence. The industrial output index fell 0.7% over the month on a seasonally adjusted basis, after no change in the prior month. That compared with a fall of 0.4% forecast. On an annual basis, the index was up 0.1%, slower than gains of 6.3% the month before and 0.4% expected by economists. Last month, South Korea's export growth slowed to a 14-month low, as shipments to the United States and China fell amid tariff uncertainty. The country's business sentiment hit this month the weakest in more than four years.

Commodities:

Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to assess growth in the world's two largest oil consumers.

Gold climbed on Monday as conflict in the Middle East lifted bullion's safe-haven appeal, while investors looked forward to U.S. Federal Reserve's interest rate outlook and Donald Trump's tariff policies, which could shape the metal's 2025 trajectory.

Currency:

The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges.

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