Global Market Gains Boost Domestic Stocks
Global markets showed strength on Friday, providing positive cues for domestic stocks. The U.S. market closed higher in the previous session as optimism grew over potential interest rate cuts in December. Wall Street indices gained, with the S&P 500 rising 0.53% to 5,948.43 points and the Nasdaq edging up 0.04% to 18,973.14 points. However, Dow Jones Futures traded flat, dipping slightly by 0.02% to 43,861.14 points on Friday.
European markets mirrored the bullish sentiment. The FTSE index climbed 0.79% to 8,149.27 points, while the CAC rose 0.21% to 7,213.32 points. The DAX surged 0.74%, closing at 19,146.17 points, adding 141.39 points during the session.
Meanwhile, Asian markets presented a mixed picture. Out of nine indices, six traded in the green, while three faced losses. The Hang Seng index dropped 1.23% to 19,359.45 points, and the Shanghai Composite slipped 1% to 3,336.93 points. Similarly, the SET Composite index declined marginally by 0.06%, settling at 1,439.54 points.
On the brighter side, other Asian indices posted gains. GIFT Nifty advanced 0.64% to 23,516.50 points. Japan’s Nikkei added 0.82%, reaching 38,337.02 points. Taiwan Weighted Index soared 1.69%, trading at 22,936.33 points, while the KOSPI index rose 1% to 2,505.47 points. The Jakarta Composite index gained 0.84% to reach 7,201.07 points, and the Straits Times index saw a slight increase of 0.07%, hitting 3,741.84 points.
Positive global momentum and selective regional gains suggest optimism in markets despite mixed trends. The focus remains on further developments in U.S. monetary policy and economic signals from Asia.
