MUMBAI: Markets are likely to be cautious on Friday while trends in SGX Nifty suggest a flat opening of Indian benchmark indices. Markets in India were shut for trading yesterday.
Investors will also react to the minutes from the US central bank’s last meeting showed the increasing prospect of reduced monetary stimulus this year.
Asian stocks fell Friday as the fast-spreading delta virus strain stoked concerns about economic growth and China’s regulatory curbs sapped sentiment. The dollar was firm and commodities held a decline.
Equities slid in Japan, Hong Kong and China, where Beijing is deepening a crackdown on private industry. US futures retreated after modest S&P 500 and Nasdaq 100 gains during a choppy overnight session. Treasuries held a climb and the dollar was around a nine-month high.
Commodities have slumped, flashing a warning about the impact of covid-19’s resurgence on…