Waiting for the US job data, the US markets closed flat. The Asian markets look buoyant except for Nikkei, which is trading flat. US bond yields eased but are still high. Crude prices slipped further to consolidate around $85. The dollar index slipped 0.40% to 106.37. The Fed is giving dovish hints.
In the Indian context, markets are awaiting the RBI’s MPC. The GIFT Nifty was flat at 19,556 as of 6:15 a.m. Yesterday, the Indian markets returned to the green. Considering the global cues, our markets may open positively.