By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.84% or 142 points higher at 8:42 am on Thursday amid strong global cues, indicating a positive opening on Dalal Street.
Investors will look forward to the initial jobless claims and FOMC Member Bullard’s speech released later in the day. Further, the market might witness volatility today, induced by the monthly expiry of Futures & Options contracts during the day.
Further, the dipped 0.12% and declined 0.3%.
Major indices on Wall Street made sharp gains after tumbling for multiple sessions on Wednesday, thanks to a dip in US Treasury bond yields from multi-year highs that lifted rate-sensitive growth stocks.
The S&P 500 index posted its first gain in seven sessions and highest single-day gain since Aug 10 after falling to its lowest since late 2020.
jumped 2.05%, surged 1.88% and S&P 500 rallied 1.97%.
Stocks across Asian markets advanced on Thursday, tracking an overnight rally on Wall Street after the BoE’s emergency bond-buying programme.
At 8:40 am, Japan’s Nikkei was up 0.25%, South Korea’s Kospi surged 1.02% each, China’s gained 0.4%, Hong Kong’s jumped 1.09% and Australia’s ASX 200 soared 1.8%.
Oil prices slipped on Thursday amid a strengthening US dollar and economic concerns. fell 0.4% to $87.7/barrel and WTI Futures dipped 0.5% to $81.77/barrel at the time of writing. Futures surged 0.65%.