Indian equities are likely to open flat on Monday, Oct. 15,
2012. SGX Nifty is trading at 5,685.5 (07.29 a.m.), 8.5 points
lower than Friday"s closeof 5,694.
Most Asian stocks fell, led by material shares, as concern
European leaders will struggle to make progress on the region"s
debt crisis when they meet this week offset better-than-estimated
China exports. Japanese benchmark index Nikkei 225 fell 1.78
points, or 0.02%, to trade at 8,532.34.
The price of oil rose slightly above USD 92 a barrel Friday
after a big fall in U.S. unemployment benefit claims suggested some
improvement in the world"s biggest economy, raising expectations
for increased demand for energy. By early afternoon in Europe,
benchmark oil for November delivery was up 21 cents to USD 92.28 a
barrel in electronic trading on the New York Mercantile Exchange.
The contract gained 82 cents to close at USD 92.07 a barrel in New
York on Thursday. rent crude, which is used to price international
varieties of oil, was down 53 cents to USD 115.18 on the ICE
Futures exchange in London.
US stocks settled narrowly mixed on Friday, ending the worst
week in four month, amid concerns over sluggish economy and weak
earnings season. The Dow Jones Industrial Average added 2.46
points, or 0.02%, to 13,328.85.
European stocks declined on Friday as International Monetary
Fund Managing Director Christine Lagarde said global growth is not
fast enough to curb unemployment, and Chinese new lending missed
estimates, outweighing better-than-expected U.S. consumer
confidence data. UK"s benchmark index FTSE 100 declined 36.43
points, or 0.62%, to end at 5,793.32.
In the spot market, the Dollar Index increased 0.28% to 79.89
World commodity prices fell on Friday with the decrease in
Reuters Jefferies CRB Index by 0.78%.