Global Markets In The Red, SGX Nifty Hinting At Marginally Negative Start | Latest Market Update

US markets closed lower on Thursday as key US economic data pointed at better than expected job losses. This will mean that the Fed has more bandwidth to push the pedal on rates and focus on bringing down inflation. What is key here is that despite the hiking rates, the US jobs market continues to remain resilient and strong. Investors though, saw US markets fall sharply in trade yesterday. All 3 US indices closed over 1% lower in trade yesterday. European indices came under pressure as well with UK and the bond market in the UK in the spotlight. Oil prices have remained volatile on the back of multiple factors. The dollar index has slipped back to the 112 mark which has led gold to strengthen. Hersh Sayta gives us a round-up of global cues.

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