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Market Review US:

On Wall Streel on Friday, the Nasdaq and the S&P 500 rose to record closing highs, while the Dow declined.

Asia:

Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there.

India:

The Indian benchmark indices ended with marginal losses in the volatile session on December 6 with Nifty closing below 24,700 after RBI delivered on expected line by keeping the repo rate unchanged and cutting the CRR to improve liquidity. Market is expected to open on a negative note and likely to witness range bound move during the day.

Global economy:

Japan's economy expanded in July-September at a faster pace than initially reported thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank. Gross domestic product grew 1.2% yoy (0.3% qoq). The reading was slightly above prior estimates of 0.9%, but still remained well below the 2.2% growth seen in the prior quarter. Chinese consumer inflation shrank more than expected in November as a swathe of recent stimulus measures did little to offset a stubborn deflationary trend, while producer inflation also contracted. Consumer price index inflation shrank 0.6% mo-m in November. The reading was softer than expectations for a drop of 0.4% and worsened from the 0.3% contraction seen in the prior month.

Commodities:

Oil prices were mixed in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad. Gold prices inched higher on Monday as investors awaited U.S. inflation data, set for release this week, for insights into the Federal Reserve's monetary policy.

Currency:

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects.

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