Live Market Updates Today: 16 May

The SGX Nifty indicates a positive start for the broader index with a gain of 40 points on Tuesday. SGX futures stood at 18,443.

US Markets

U.S. stock futures were little changed on Monday evening, as all eyes on Wall Street turn to a Tuesday meeting between congressional leaders and President Joe Biden. Futures tied to the S&P 500 slipped 0.08 percent, while Nasdaq 100 futures inched lower by 0.08 percent. Futures linked to the Dow Jones Industrial Average lost 33 points, or 0.1 percent.

European Markets

European markets were mixed on Monday, with investors following U.S. debt ceiling negotiations, Turkish elections and a higher forecast for EU inflation this year.

The pan-European Stoxx 600 index provisionally closed 0.2 percent higher, with U.S. stocks similarly cautious. Most sectors posted modest gains, as mining stocks led the pack with a 1.2 percent rise, while chemicals, media, and retail all slipped around 0.2 percent. France’s CAC 40 and Germany’s DAX ended the day flat, while the U.K. FTSE 100 was up 0.3 percent.

Asian markets

Futures tied to Hong Kong’s Hang Seng index pointed to a higher open, standing at 20,185 compared to its last close of 19,971.13, pointing to further gains after jumping nearly 2 percent on Monday afternoon.

In mainland China, the Shanghai Composite and the Shenzhen Component saw their best days since May 8 and March 20, respectively. In Japan, the Nikkei 225 rose 0.71 percent, while the Topix climbed 0.42 percent and hit its highest level since August 1990.

South Korea’s Kospi and Kosdaq also saw gains on Tuesday, advancing 0.66 percent and 0.75 percent respectively, while Australia’s S&P/ASX 200 slipped 0.15 percent.

With inputs from Reuters and other agencies.