Indian equities are likely to open flat on Friday, Oct. 12,
2012. SGX Nifty is trading at 5,759 (07.28 a.m.), 10.5 points
higher than Thursday"s closeof 5,748.5.
Asian stocks rose after U.S. jobless claims fell, boosting the
earnings outlook for the region"s exporters. Japanese benchmark
index Nikkei 225 rose 17.06 points, or 0.20%, to trade at
Oil prices rose Thursday as tension between Turkey and Syria
raised concerns that crude oil supplies from the Middle East could
be disrupted. Benchmark oil gained 82 cents to close at USD 92.07 a
barrel. It has risen 2.4% so far this week. Brent crude, which is
used to price international varieties of oil, rose USD 1.50 to USD
114.68 on the ICE Futures Exchange in London.
US stocks closed little changed on Thursday after a solid rally
sparked by surprisingly good data on weekly jobless claims fizzled
out, in part due to questions over the figures. The Dow Jones
Industrial Average was down 18.58 points, or 0.14%, at
European stocks advanced on Thursday as U.S. jobless claims fell
to a four- year low and Burberry Group Plc (BRBY) led luxury-goods
makers higher. UK"s benchmark index FTSE 100 advanced 53.04 points,
or 0.92%, to end at 5,829.75.
In the spot market, the Dollar Index decreased 0.06% to 79.73
World commodity prices gained on Thursday with the increase in
Reuters Jefferies CRB Index by 0.60%.