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Indian shares look set to open on a positive note Monday ahead of central bank meetings in the U.S., Japan and the U.K. due later in the week. <\/p>\n
Benchmark indexes Sensex and Nifty ended Friday’s session marginally lower due to profit booking at higher levels.<\/p>\n
Asian stocks struggled for direction this morning, with markets<\/span> in mainland China, South Korea and Japan closed for holidays. <\/p>\n Growth worries returned to haunt investors after Chinese factory output, retail sales and investment numbers for August all missed expectations. <\/p>\n The yen held firm against the dollar and gold edged higher on expectations of a more aggressive rate cut by the Federal Reserve at its policy meeting this week while oil held steady, after having eked out its first weekly gain in a month. <\/p>\n U.S. stocks closed higher on Friday amid growing expectations of interest rate cuts by the Federal Reserve and other central banks. <\/p>\n Sentiment was aided after a survey showed consumer sentiment rose to a four-month high in early September and one-year inflation expectations fell for the fourth straight month.<\/p>\n The tech-heavy Nasdaq Composite gained 0.7 percent and the S&P 500 added half a percent to log their best weekly gains of 2024 while the Dow climbed 0.7 percent. <\/p>\n European stocks advanced on Friday after former New York Fed President Bill Dudley said that there was a strong case for a 50-basis point reduction.<\/p>\n The pan European STOXX 600 jumped 0.8 percent. The German DAX rallied 1 percent, while France’s CAC 40 and the U.K.’s FTSE 100 both rose about 0.4 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n