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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 05th Feb 2016

Published on Feb 05th 2016


Indian markets are expected to open flat to positive tracking the SGX Nifty and its asian peers. US markets ended in positive after a relatively lackluster performance. The lack of direction seen for much of the day came as traders kept a close eye on the price of crude oil. Traders may also have been reluctant to make any significant moves ahead of the release of the Labor Department monthly jobs report today. The European markets ended mixed. A rebound in commodity prices provided a boost to the markets which aided Mining and energy stocks. However mixed corporate earnings results and an EC growth downgrade limited gains. Indian shares snapped a threeday losing streak on Thursday as a rebound in oil prices helped to revive global sentiment and the rupee edged higher on sluggish U.S. data and dovish comments from a top Federal Reserve official suggesting the Federal Reserve will not raise rates again anytime soon.

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