Indian markets are likely to open flat with negative bias tracking SGX Nifty.
US stocks ended modestly lower after volatile session on Friday having bounced
between gains and losses as investors wrestled with likely timing of US rate hike
following comments from top Fed officials. SP 500 rose after Fed Chair Janet
Yellen said case for raising rates had strengthened but did not indicate when Fed
would act. Yellen told that US economy was nearing central banks goals of
maximum employment and price stability but that future hikes should be “gradual”.
Stocks later traded lower after hawkish comments from Fed Vice Chair Stanley
Fischer raised possibility of rate hike as soon as next month.
FTSE 100 closed up following bout of volatility as traders digested Fed boss Yellens
remarks on future US rate moves. Londonlisted miners Rio Tinto and Glencore
rebounded following poor performance in recent sessions. Restaurant Group was
among biggest risers on the FTSE 250 despite repor

Download Full Report View Full Report in Browser