Indian shares look set to open on a flat note Friday amid mixed catalysts.
U.K. lawmakers voted to delay Brexit, helping ease worries over a disorderly Brexit.
At the same time, the threat of a further escalation in the U.S.-China trade conflict has risen after U.S. President Donald Trump said he was in no rush to complete a trade pact with China.
Benchmark indexes Sensex and the Nifty ended largely unchanged on Thursday after rising for three consecutive sessions.
The rupee rose by 20 paise to close at a seven-month high of 69.34 against the dollar, extending gains for a fourth straight session on robust foreign fund inflows.
Asian stocks remain broadly higher this morning as Brexit-related optimism offset a fresh flare up in U.S.-China trade tensions.
The dollar held overnight gains while oil fell slightly to hover near a four-month high reached on Thursday.
Overnight, U.S. stocks ended mixed amid reports that a meeting between President Donald Trump and Chinese President Xi Jinping has been pushed back until at least April.
The report from Bloomberg came after Trump told reporters on Wednesday that he is in “no rush” to complete a trade deal with China.
The Dow inched up marginally, while the tech-heavy Nasdaq Composite slid 0.2 percent and the S&P 500 slipped 0.1 percent.
European markets rose on Thursday as investors tracked developments on the Brexit front.
The pan European Stoxx 600 added 0.8 percent. The German DAX edged up 0.1 percent, while France’s CAC 40 index advanced 0.8 percent and the U.K.’s FTSE 100 gained 0.4 percent.
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