Indian markets are expected to open flat tracking the SGX Nifty.
US stock indices closed slightly lower due to profit booking and low volumes. The National Association of Realtors(NAR) released a report showing an unexpected continued increase in existing home sales in the month of November. Existing home sales climbed 0.7 percent to an annual rate of 5.61 million in November against an expectation of existing home sales rate of 5.54. Biotechnology stocks were down significantly dragging the NYSE Arca Biotechnology Index down by 1.9 percent.
The FTSE 100 had a flat trading session due low volumes. Barclays fell by 0.22 percent while Royal Bank of Scotland advanced 0.93 percent. This was after news that both banks were fined by the Swiss competition regulator for interest rate rigging. The U.K. budget deficit narrowed in November. Public sector net borrowing excluding intervention dropped by GBP 0.6 billion from prior year to GBP 12.6 billion in November. The expected level was GBP

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