Good Morning Early, Readers!!
The Good News this Monday morning is that US tock futures are pointing to sizeable gains amid signs that US lawmakers are nearing a deal to end the record-long government shutdown.
GIFT Nifty is pointing to a cautious optimistic start for the benchmark Nifty.
6:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (-30, 25549)
Dow Futures: (+157, 47144)
Nasdaq 100 Futures (+175, 25235)
Nikkei (+419, 50695)
Hang Seng (Closed, 26486)
Dow Jones (+75, 46987)
Nasdaq Composite (-49, 23005)
Bovespa (+725, 154064).
Wall Street bounces in Friday’s trade from steep losses but the negative takeaway was that the key benchmarks register big weekly losses: Selling continued on Wall Street to start Friday, with sentiment taking a hit from lofty equities valuations and the ongoing government shutdown. But two of the three main indexes finished in positive territory as media reports refreshed hope that the funding standoff could end sooner rather than later.
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