Mixed signals are being seen from the global market today. All three Wall Street indices closed with losses during the last trading session. But today US futures are showing a strength of 0.27 percent. European markets, on the other hand, managed to close with minor gains during the previous trading session. At the same time, there is a mixed trend in the Asian markets as well. Apart from India, five of the nine major markets in Asia are currently trading with gains, while the pressure situation remains in four markets.
Wall Street remained bearish during the previous trading session. Dow Jones closed at 32,394.25 points, down 0.12 percent due to selling pressure. Similarly, the S&P 500 index ended its trading session at a level of 3,971.27 points with a weakness of 0.16 percent. Apart from this, the Nasdaq lost 52.76 points, or 0.45 percent, to close at the level of 11,716.08 points.
Wall Street remained under pressure during the last trading session, but the banking sector has started showing signs of relief. After the announcement of considering a relief package by the US administration, there is hope of returning stability in the banking sector. However, it has also been clarified by the US administration that the government will intervene in the banking sector only when the situation seems to be getting out of hand. Due to this, it is also being speculated that in the recent past, the US administration may not issue a relief package for the banking sector.
European markets managed to close with minor gains during the previous trading session. The FTSE index closed at a level of 7,484.25 points with a strength of 0.17 percent. Similarly, the CAC index ended the previous session’s trading at a level of 7,088.34 points with a gain of 0.14 per cent. Apart from this, the DAX index gained 0.09 percent and closed at the level of 15,142.02 points.
Today, a mixed trend is visible in the Asian markets as well. SGX Nifty is trading at a level of 17,010 points with a gain of 0.11 percent. Similarly, the Nikkei index remains at the level of 27,676.21 points with a strength of 157.96 points i.e. 0.57 percent. The Hang Seng index is seen trading at the level of 20,163.58 points with the highest gain of 378.93 points i.e. 1.92 percent in the business so far. Apart from this, the Straits Times Index is trading at a level of 3,260.33 points with a gain of 0.15 percent and the Jakarta Composite Index is trading at a level of 6,815.08 points with a gain of 0.81 percent.
On the other hand, the Taiwan Weighted Index is trading at a level of 15,695.75 points with a weakness of 0.04 percent. Similarly, the Kospi index has also remained at the level of 2,430.92 points, falling 0.17 percent in the business so far. Apart from this, the SET Composite Index is trading down by 0.03 percent at the level of 1,606.43 points and the Shanghai Composite Index is trading at the level of 3,243.94 points by slipping 0.04 percent.
