Global Markets Attempt Recovery, Asian Markets In The Green

US markets attempted a rebound but closed largely flat on the back of slowing economic growth, high inflation and Fed rate hikes continuing to pressure markets. The S&P 500 closed lower on the back of tech stocks proving to be a drag. The Nasdaq fell over 1%. US Futures though have turned green and Asian indices are also marginally higher. The Hang Seng is leading the gains for major Asian indices. The SGX Nifty is only marginally higher. On the commodities side, Oil and Gold are both largely unchanged but oil continues to remain elevated. The Dollar Index is holding up smartly. Cryptos are continuing to see pressure with Bitcoin just about holding out above USD 30k.Read More