US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses. The 10-year u-s benchmark bond yields declines for a third consecutive day to 2.34 percent, the lowest level in three weeks.
The market has not yet reached a point where it looks â€œsignificantly overboughtâ€, says Gautam Shah, Associate Director & Technical Analyst at JM Financial. Shah believes there is still some juice left in the rally.
With bond yields treading higher, US dollar going stronger and US equities hitting all-time highs, gold look technically weak at least in the short term says Adrian Ash of Bullion Vault.
According to Geoff Lewis of Manulife Asset Management, risk-reward ratio is in favour of emerging markets (EMs) against developed markets. Among the developing nations, he prefers manufacturing based markets over commodity producers of Latin America and US equities over European, in the developed markets, he added.
SGX Nifty was trading at 8708.00 down 8.50 points.
Markets in Asia opened lower in early trade, following a modest finish in US equities. In addition, Bank of Korea is expected to announce its monetary policy decision this morning.
Asia markets were trading mixed mid-morning after stocks in the US closed slightly lower as investors looked ahead to earnings season. S&P 500 fell back into negative territory for the year so far.
Asian markets were trading mixed following a mild finish from US equities overnight. Revised government data showed the economy shrank at an annualized 1.1 percent in the final quarter of 2015.
Many financial advisors prefer foreign stocks because they have different risk and return characteristics than US equities. That can diversify a portfolio and prevent "home bias," the tendency investors have to invest heavily in the stocks of their own country.
Positive global cues will keep the market afloat with the Asian markets gaining following a positive lead from the Wall Street. The US market ended higher with the Dow Jones snapping a 7-day losing streak.
Investors attempting to determine whether US equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.
In an interview to CNBC-TV18, Geoff Lewis, executive director, JP Morgan Asset Management shares his pecking order.
Bullion's drop came as US equities measured by the S&P 500 index surged more than 1 percent to a record high after Russian leader Vladimir Putin ordered troops involved in a military exercise near the Ukrainian border back to their bases as he sought to ease tensions.
There has been some evidence of contagion reflected in the performance of emerging market and US equities this year
Throughout the summer, while US equities held relatively steady, riskier foreign markets were crushed, and their currencies battered by talk of a Fed pullback.
Bond yields are also set to rise as the Federal Reserve is expected to begin tapering its purchases of assets as growth improves, another factor typically heralding underperformance by US stocks, Credit Suisse says.
A better consumer confidence is likely to weigh on the trend in Bullion. Overall looking at the broader cues we are maintaining our bearish bias in both gold and silver for the day, says Karvy Commodities Broking.
Director of Technical Strategy of Barclays Dhiren Sarin says in the near-term, 6000 remains a good base but advises investors to get aggressively bullish if it conquers 6350.
This week the SandP 500 and the Dow Jones Industrial Average both surged to record highs of 1,775.22 and 15,721 respectively.
Microsoft and Google reported kind of weakish earnings. S&P is flat on the day, DAX is underperforming, there are scary headlines out of Detroit, but the market is seems to be taking things in stride.
US stock market will continue to make new highs because the earnings so far have beaten consensus forecasts. The markets seem to be shrugging of bad news and are focusing on Fed and US data, says Steve Brice
US markets took 62 eprcent of ETF inflows whereas, Indian ETFs saw only a miniscule proportion of global ETFs. Basically, hard landing in China has been responsible of emerging market investments to be under pressure, she reasons.
Patrick Legland, Societe Generale year-end euro-dollar forecast stands at 1.20 year end. He expects US dollar to reinforce and euro to weaken.
US equities traded lower and oil prices were mixed on Monday after surveys showed US and Chinese manufacturing in March expanded less than economists had expected.
John Woods, MD and chief investment strategist- APAC, Citi Private Bank told CNBC-TV18 that US markets have started to lure EM funds and global bourses begun pricing in the end of QE.