12 January 2018 (8:36 AM IST)
11 January 2018 (10:07 PM EST)
- U.S. stock markets saw a massive rally in their overnight session.
- Asian markets have opened with mixed trading trend after that.
- SGX Nifty is nearly +40 points higher, indicating a gap up opening in Indian stock markets today.
- The Dollar index continues to trade negative as euro rallies.
U.S. stock markets saw a massive rally in their overnight session after reports about China not buying U.S. bonds turned out to be untrue. Dow Jones closed with +200 points gains. S&P 500 and Nasdaq also rallies to add nearly 0.80% gains to their numbers.
But not all Asian stock markets are showing higher day trading trend. There is a mixed intraday trading trend in major Asian markets with some indexes trading negative and some with positive numbers.
SGX Nifty is trading today with nearly +40 points gains, indicating a gap up opening in Indian stock markets soon.
The Dollar index continues to trade in the red as its counterpart euro has been rallying since yesterday on reports that the European Central Bank is getting ready to wind up its stimulus program. A surge in euro has put pressure on European stock markets that saw a negative intraday trend yesterday.
U.S. and European stock futures are almost flat in early session, not indicating trend.
Global stock markets are expected to continue their intraday trend on local cues and have a mixed trading pattern. Day traders should observe the trend in their local index and trade with it.