FTSE 100 to open after public holiday, Sensex and Nifty are up after India GDP data Business News

London’s FTSE 100 will open on Tuesday after a long week of public holidays, as the last trading session of the week ended flat, however, the blue chip index managed weekly gains.

In May, the FTSE 100 gained almost a hundred points.

Over the pond, stock futures are slightly lower in overnight trading as Wall Street remained closed due to Memorial Day, however, all three major indices posted gains in May.

Futures contracts on the Dow Jones Industrial Average fell 0.10 percent. S&P 500 futures fell 0.09% and Nasdaq 100 futures fell 0.03%.

On Tuesday, stocks in major Asia-Pacific markets were mixed in early trading after Chinese manufacturing data was higher than expected.

Japan’s Nikkei 225 fell 200 points, but almost regained the flat line by noon, trading just 22 points behind. South Korea’s Kospi edged up, gaining 0.5 percent.

Hang Seng also traded higher, nearly a hundred points higher, as mainland Chinese stocks traded below the flat line, falling more than a hundred points in the early hours of the morning.

Australian stocks slipped, with the S & P / ASX 200 falling slightly. The Reserve Bank of Australia on Tuesday announced its decision to maintain its current policy settings, including keeping the cash rate at 0.1%.

Indian indices opened higher with Nifty at a new high and Sensex above 52,000 levels after the Indian economy recorded better than expected GDP growth in FY21.

The Asian giant’s gross domestic product (GDP) contracted 7.3 percent in 2020-2021 – the biggest drop India has seen since gaining independence in 1947. However, during the January-March quarter, GDP increases by 1.6%, higher than expected.

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This notice was published: 2021-06-01 05:47:47

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