Live Market Updates Today: 10 May

The SGX Nifty indicates a positive start for the broader index with a gain of 33 points on Wednesday. SGX futures stood at 18,344.

US Markets

Stock futures were flat in overnight trading as Wall Street braced for a key inflation report. Futures tied to the Dow Jones Industrial Average added 7 points, while S&P 500 futures and Nasdaq-100 futures inched slightly higher.

Major averages finished Tuesday’s regular session lower, with the S&P 500 and Nasdaq Composite falling 0.46 percent and 0.63 percent. The Dow Jones Industrial Average declined 0.17 percent.

European Markets

European stock markets closed lower Tuesday, pulled down by lower oil prices, a retreat in luxury stocks following weak Chinese trade data, and steep declines in several property firms — triggered by a sell-off of SBB shares. France’s CAC 40 closed down 0.7 percent, with the UK’s FTSE 100 down 0.3 percent and Germany’s DAX down 0.1 percent.

The pan-European Stoxx 600 index ended the session 0.42 percent lower provisionally, slightly trimming earlier losses, with sectors mostly in negative territory. Tech stocks had the steepest fall, down 1.2 percent, as the oil and gas sector fell 1 percent, tracking a retreat in crude prices. Travel and media were the lone sectors to move higher, up 1.05 percent and 0.86 percent, respectively.

Asian markets

Asia-Pacific markets fell on Wednesday as investors look ahead to US inflation figures for clues on the path ahead for inflation and by extension, the US Federal Reserve’s moves.

Japan’s Nikkei 225 also opened 0.23 percent lower, with the Topix also falling 0.2 percent. Mitsubishi Corp recorded record earnings for a second-straight year, with net profit coming in above 1 trillion yen for the first time at 1.18 trillion yen ($8.72 billion).

South Korea’s Kospi inched down 0.14 percent, while the Kospi bucked the wider downtrend and gained 0.3 percent. Hong Kong’s Hang Seng index looks set to extend its Tuesday losses, with futures tied to the Hang Seng trading at 19,850 compared with its last close of 19,867.58.