First Tick: Top global cues to watch in today’s trade

Asian currencies were trading mixed in the early trade on Tuesday with China Renminbi gained the most, while Thai Baht, and Indonesian Rupiah trading lower.

Indian benchmark indices, Sensex and Nifty, are likely to see a negative start today, December 16, with cues coming from GIFT Nifty, which was trading lower at around 26,073.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

The Indian benchmark indices started the week on a negative note, snapping two-day gaining streak with Nifty managed to close above 26,000 in the volatile session on December 15.

At close, the Sensex was down 54.30 points or 0.06 percent at 85,213.36, and the Nifty was down 19.65 points or 0.08 percent at 26,027.30. BSE midcap index ended flat, while smallcap index rose 0.4%.

The GIFT Nifty is trading at around 26,073, indicating a flat to negative start for the day.

Asian equities posted a modest decline at the open as investors reined in risk in the run-up to the release of key US economic data that may signal where interest rates are headed.

Wall Street closed lower on Monday as investors braced for a slew of economic data later this week while assessing reports on Federal Reserve candidates and commentary from policymakers for clues on the interest rate outlook.

The Dow Jones Industrial Average fell 41.49 points, or 0.09%, to 48,416.56, the S&P 500 lost 10.90 points, or 0.16%, to 6,816.51 and the Nasdaq Composite lost 137.76 points, or 0.59%, to 23,057.41.

Treasury two-year yields edged down amid bets the Fed will cut rates twice next year to support the jobs market even as inflation shows signs of stickiness.

The U.S. dollar sagged to near a two-month low at the start of the Asian trading session on Tuesday as markets awaited the release of a slew of economic data, including the delayed November U.S. jobs report.

The dollar index, which measures the currency's strength against ‌a ‌basket of six key rivals, was down 0.2% at 98.28, approaching the lowest levels since October 17.

Asian currencies were trading mixed in the early trade on Tuesday with China Renminbi gained the most, while Thai Baht, and Indonesian Rupiah trading lower.

Oil prices fell in early trading on Tuesday, adding to the previous session's losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a ‌potential ‌easing of sanctions.

Gold prices were little changed, while Silver prices down nearly 1 percent.

The Foreign Institutional Investors (FIIs) continued selling in this month, as they sold equities of Rs 1468 crore on December 15, while Domestic Institutional Investors (DIIs) bought equities of Rs 1792 crore on the same day.

Hope you're all set for today's trade. We wish you a profitable day ahead.

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