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Globally, US markets closed narrowly mixed in low volume
trade while European markets ended higher after encouraging earnings helped
lift sentiment.
The
Indian equity market is likely to open on a positive note with the SGX
Nifty trading at 7856.50, up 32.50 points at 7:35.
Globally, US markets closed narrowly mixed in low volume
trade. US personal spending rose 0.1 percent in October while personal income
rose 0.4 percent. Durable goods soundly topped expectations with a headline
rise of 3 percent. Weekly jobless claims fell more than expected to 260,000.
European markets ended higher after encouraging earnings
helped lift sentiment. Asian markets meanwhile are trading higher in morning
trade.
In other asset classes, the dollar rose after strong
economic data further backed the case for the Fed to raise interest rates, and
after officials said the European Central Bank (ECB) was discussing additional
options for stimulating the economy.
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