Nifty’s Opening Cues Ahead of 13 Central Bank Meetings Lined Up in The Week

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.06% or 10.5 points higher at 8:30 am on Monday amid lacklustre global markets, indicating a muted/cautious opening on Dalal Street.

Further, the declined 0.16% and fell 0.5%.

Major indices on Wall Street ended lower on Friday, dropping to two-month lows after FedEx (NYSE:) warned of an imminent global slowdown. The indices touched levels not attained since mid-July, while and recorded their worst weekly percentage plunges in 3 months.

fell 0.9%, declined 0.45% and S&P 500 tanked 0.72%. 

Stocks across Asian markets open mixed on Monday as investors prepared for an important week, lined up with 13 central bank meetings, with expectations of interest rates rising globally and an ultra-hawkish monetary tightening by the US Fed’s meeting on Wednesday, followed by the Bank of Japan and Bank of England on the next day.

At 8:24 am, Japan’s Nikkei tanked 1.11%, South Korea’s Kospi fell 1.01%, China’s rose 0.16%, Hong Kong’s declined 0.6% and Australia’s ASX 200 traded flat.

The US dollar hovered below its 20-year peak on Monday ahead of major central bank meetings. The traded at 109.5.

surged to $92.09/barrel and WTI Futures rose to $85.8/barrel at the time of writing. 

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