Asian stock market indexes are trading mostly higher on Friday as investors are concerned about the US sticky inflation data and are looking for the Bank of Japan’s interest rate decision later in the day. Economists expect the BoJ to keep the interest rate unchanged but would closely monitor the central bank’s steps to support the Yen against the US dollar.

Japan’s Nikkei 225 is trading higher by 0.46% as the Tokyo inflation declined in April from the previous month. Australia’s S&P ASX 200 down 1.22%. South Korea’s Kospi index is up by 0.97%. Shanghai and Hang Seng indexes are trading higher, by 0.65% and 1.22% respectively. Meanwhile, the Straits Times is slightly lower, while Taiwan trades higher at 7.05 am IST.

Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 99 points or 0.44 percent. The Nifty futures were trading around 22669.5 level.

The US stock market indexes trimmed some intraday losses and closed lower on Thursday. The markets fell sharply in the morning session after the fresh data showed sticky inflation in the first quarter despite a drop in economic growth. This pushed the Treasury yields to a six-month high and a sharp fall in equity.

The key US stock market indexes closed lower by 0.98%, while the S&P 500 and Nasdaq were down by 0.46% and 0.64% respectively on Thursday.

Here's the trade set-up for today.


#tradesetupfortoday #marketoutlookfortoday #sensex #nifty #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday


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