Nifty Opening as Deadline for US Debt Ceiling Talks and Asian Trade Mix Approaches

By Malvika Gurung

Investing.com — Singapore’s SGX Exchange-listed, an early indicator of , was trading 38.5 points, or 0.21%, lower as of 8:07 a.m. Thursday, following mixed global signals and indicating an open. down on Dalal Street.

Furthermore, it fell 0.2%, while it jumped 1.4%.

Major US indices fell on Wednesday as debt ceiling talks continued without final results, sending investors tenser as the June 1 deadline to raise loomed. the country’s debt limit of $31.4 trillion.

Additionally, Fitch Ratings placed the US AAA rating on Rating Watch Negative in the evening session, citing increased uncertainty over ongoing debt ceiling talks as lawmakers struggle to reach a deal.

lost 0.61%, fell 0.77% and decreased 0.73%.

Asian stocks were mixed on Thursday amid discussions of the US debt ceiling that failed to reach a decision and the chances of another rate hike at the Fed’s upcoming policy meeting, while the Fed kept its benchmark interest rate steady at 3.5% for the third consecutive central bank meeting.

At 8:08 a.m., South Korea was down 0.35%, Japan was up 0.44%, Hong Kong was down 1.75%, China was down 0.42%, and Australia was down 0.8%.

Oil prices fell slightly on Thursday amid mounting pressure from a strong dollar and some earnings reserves. it traded at $78.37/barrel and fell 0.15% to $74.24 a barrel while trading. rose 0.43%.