Market Pre-Opening Podcast on May 18, 2018

Moneycontrol News

The Nifty50 is expected to open flat on Friday following muted trend seen in SGX Nifty. The index closed 58 points lower at 10,682 on Thursday.

Trends on Nifty futures on the Singaporean exchange show that the Nifty could have a lower opening. SGX Nifty is currently trading around 10,670-levels.

Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices. US 10-year Treasury yields closed at 3.1131 percent, said a Reuters report.

Asian stocks edged up on Friday as investors kept a cautious watch on developments in US-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark US Treasury yield topping a seven-year high, it said.

Oil rose to $80 a barrel in London for the first time since 2014 as US crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran.