The Nikkei 225 Future is trading at 27,492.50 with +0.19% percent or +52.50 point.The Nifty Future is trading at 14,032.80 up with +0.40% percent or +55.30 point. The Hang Seng Future is trading at 27,295.50 up with +2.59% percent or +113.00 point.
TODAY’S FACTORS AND EVENTS
Asian currencies were on course to finish the pandemic-hit year on a positive note, with the Malaysian ringgit leading gains on Thursday as broader sentiment was lifted by hopes of a vaccine-led economic recovery.
The Chinese yuan CNY=CFXS , however, held back as traders suspected state-owned banks were buying dollars to curb the currency from rising too fast and breaching a key level of 6.5 per dollar. yuan has risen rapidly since May and is set to mark its first annual gain in three as a weaker dollar, the widening yield gap between China and the United States and Beijing’s effective coronavirus containment underpinned gains in the currency.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 30,409.56 up with +percent or +73.89 point. The S&P 500 is trading at 3,732.04 with + percent or +5.00point. The Nasdaq Composite is trading at 12,870.00 up with + percent or +19.78 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 27,444.17 with a loss of –percent or –123.98 point. Hong Kong’s Hang Seng is trading at 27,231.13 up with +percent or +84.02 point. China’s Shanghai Composite is trading at 3,458.89 up with + percent or +44.43 point. India’s BSE Sensex is trading at 47,787.32 up with +percent or +41.10 point at 12:15 PM.