Indian markets are likely to open positive tracking the SGX Nifty and Asian markets.
US stocks had another mixed trading session as traders wait for the release of economic data. The Labor Department released a report showing that import prices rose by 0.5 percent in April against an expectation of an increase of 0.2 percent. Crude oil prices jumped 1.45 per barrel which helped energy stocks. The NYSE Arca Oil Index climbed by 1.3 percent.
UK stock indices continued their move up as energy prices moved higher. Insurer Aviva rose 1.21 percent after announcing the sale of its shareholdings in its Spanish life insurance and pension joint ventures. Barratt Developments jumped 2.26 percent as the company announced that it expects pretax profit for the full year 2017 to be at the top end of current analyst estimates.
Indian markets hit new alltime highs on news of a possibility of better than average monsoon. The Oil Gas and metal indices were the biggest gainers for the session and
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