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Indian shares look set to open flat to slightly higher on Monday, as better than expected U.S. jobs data allayed fears of a global economic slowdown but stirred anxiety over the pace of future rate increases. <\/p>\n
The release of PMI data as well as the outcome of RBI’s MPC meeting may sway sentiment as the week progresses. <\/p>\n
The RBI’s MPC meeting is scheduled during December 5-7, with the central bank expected to moderate the interest rate hikes after three consecutive increases interest rates of 50 basis points. <\/p>\n
Asian markets<\/span> traded mostly higher this morning, with Chinese and Kong stocks leading regional gains, after more Chinese cities eased COVID-related restrictions. <\/p>\n The dollar slipped on improved risk sentiment amid China reopening hopes while oil prices jumped more than 1 percent after OPEC+ nations reaffirmed their output targets.<\/p>\n An EU embargo on seaborne Russian oil will likely take effect today after the Group of Seven clinched a last-minute deal to cap the price of Russian crude at $60 per barrel. <\/p>\n U.S. stocks ended narrowly mixed on Friday as robust jobs data added to uncertainty about the outlook for interest rates. <\/p>\n Non-farm payroll employment beat expectations, adding 263,000 jobs in November led by the service sector. <\/p>\n While the jobless rate held steady at 3.7 percent, the retail trade and transportation and warehousing categories both lost jobs last month, highlighting weak spots in the economy<\/span>. <\/p>\n The Dow inched up 0.1 percent, while the S&P 500 slipped 0.1 percent and the tech-heavy Nasdaq Composite eased 0.2 percent.<\/p>\n European markets ended Friday’s session mostly lower after having hit a six-month high in the previous session.<\/p>\n The pan-European STOXX 600 eased 0.2 percent. The German DAX rose 0.3 percent, France’s CAC 40 index slid 0.2 percent and the U.K.’s FTSE 100 finished marginally lower. <\/p>\n<\/p>\n<\/div>\n