By Malvika Gurung
Investing.com — The Gift Nifty index, formerly Singapore-based Exchange SGX Nifty, an early indicator for , traded 0.07% or 14.5 points higher at 8:03 am on Wednesday, indicating a flat or muted opening on Dalal Street.
Further, the and dipped 0.09%, each.
Asian shares fell on Wednesday ahead of the US from the June policy meeting set to release later in the day for cues on the central bank’s rate-hike direction.
Further, China’s service sector grew less than expected in June amid soft exports and weak local demand, as the came at 53.9 in June compared to Investing.com’s forecast of 56.2.
At 7:50 am, Japan’s declined 0.43%, South Korea’s dropped 0.4%, Hong Kong’s tanked 1.14%, China’s contracted 0.42% and Australia’s slipped 0.33%.
US markets remained closed on July 4, on account of Independence Day.
Investors will also track the UK and data for June, scheduled to release on July 5. Investing.com forecasts the two economic data at 52.8 and 53.7, respectively.
Oil prices dipped on Wednesday as traders awaited the US FOMC meeting minutes, while fears of a renewed US-China trade war dented sentiment, an Investing.com report noted.
lowered 0.5% to $75.88/barrel, while traded at $70.92 a barrel. climbed 0.36%.
