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By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , slipped 0.2% or 37 points higher at 8:42 am on Tuesday, indicating a negative-to-flat opening on Dalal Street.
Further, the declined 0.24% and slid 0.37%.
Major indices on Wall Street ended mixed as gave away early gains as inflation worries offset the likelihood of less aggressive rate hikes in the US. Investors await Fed Chair Jeremy Powell’s comments on Tuesday.
“The CPI report this week is going to be essential for fine-tuning the Fed funds futures market,” said Quincy Krosby of LPL Financial.
rose 0.63%, S&P 500 lowered 0.08% and declined 0.34%.
Asian markets traded on a mixed note on Tuesday, tracking mixed cues for Wall Street’s overnight session as analysts expect Powell to say more time is needed to show inflation is under control.
At 8:40 am, South Korea’s Kospi gained 0.21%, Japan’s Nikkei rose 0.87%, Hong Kong’s declined 0.6%, China’s slipped 0.18% and Australia’s ASX 200 contracted 0.27%.
Oil prices declined on Tuesday in anticipation of Powell’s speech, while markets also sought more clarity on the restocking of the U.S. Strategic Petroleum Reserve this year.
Futures declined 0.44% to $79.3/barrel and WTI Futures lowered to $74.36/barrel at the time of writing. Futures declined 1.64%.
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