Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. markets had a mixed session as investors awaited the Labor Departments monthly jobs report on Friday. The ADP jobs report said private sector employment climbed by 178000 jobs in July against an expected increase of about 185000 jobs. In stocks natural gas stocks saw significant weakness with the NYSE Arca Natural Gas Index dropping by 2.6 percent.
UK markets moved slightly lower as mixed earnings a strong pound and larger than expected oil inventory levels affected investor sentiment. In addition survey data from IHS Markit showed that U.K. construction activity growth dropped to an 11month low of 51.9 in July. The headline index dropped to 51.9 from 54.8 in June. Mining company Rio Tinto fell 2 percent after its reported profit came in below consensus expectations.
Indian markets closed lower in spite of RBI lowering interest rates by 25 basis points and inflation coming in lower. The Consum

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