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10 things you need to know before the opening bell on June 10

Updated : June 10, 2019 08:41 AM IST

Indian benchmark indices BSE Sensex and NSE's Nifty 50 are set for a strong start on Monday following gains in global markets after the US and Mexico agreed to end their trade dispute. Moreover, week US jobs data on Friday raised prospects of an interest rate cut by the US Federal Reserve. Meanwhile, the Reserve Bank on Friday issued its much-awaited revised circular for resolving stressed assets, offering lenders a 30-day period to label an account an NPA, among other provisions. Investors in India will await key inflation and manufacturing data due to be released this week. At 7.05 AM, the SGX Nifty futures traded 53 points, or 0.45 percent, higher at 11,950, indicating a positive start for the Sensex and the Nifty 50.

Global Markets: US stock futures jumped after a migration deal between the United States and Mexico late last week to avert a tariff war added to a weak US job data which cemented expectations of Federal Reserve rate cuts. S&P500 mini futures rose 0.6% in early trade while Japan’s Nikkei looks set to gain 1.5 percent, based on Chicago-listed futures price. On Friday, the Dow rose 1.02%, the S&P 500 gained 1.05% and the Nasdaq added 1.66%, to 7,742.10. (Stock Image)
Global Markets: US stock futures jumped after a migration deal between the United States and Mexico late last week to avert a tariff war added to a weak US job data which cemented expectations of Federal Reserve rate cuts. S&P500 mini futures rose 0.6% in early trade while Japan’s Nikkei looks set to gain 1.5 percent, based on Chicago-listed futures price. On Friday, the Dow rose 1.02%, the S&P 500 gained 1.05% and the Nasdaq added 1.66%, to 7,742.10. (Stock Image)
Oil prices rose after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies. Front-month Brent crude futures, the international benchmark for oil prices, were at $63.71 at 5:47AM, 42 cents, or 0.7 percent, above Friday’s close. US WTI crude futures were at $54.43 per barrel, 44 cents, or 0.8 percent, above their last settlement. (Image: Reuters)
Oil prices rose after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies. Front-month Brent crude futures, the international benchmark for oil prices, were at $63.71 at 5:47AM, 42 cents, or 0.7 percent, above Friday’s close. US WTI crude futures were at $54.43 per barrel, 44 cents, or 0.8 percent, above their last settlement. (Image: Reuters)
Indian Markets on Friday: The BSE Sensex and the NSE’s Nifty 50 settled 0.2 percent higher at the closing hour on Friday. The rupee fell by 18 paise to close at 69.46 against the US dollar.
Indian Markets on Friday: The BSE Sensex and the NSE’s Nifty 50 settled 0.2 percent higher at the closing hour on Friday. The rupee fell by 18 paise to close at 69.46 against the US dollar.
Foreign investors have pumped in a net amount of Rs 7,095 crore into the Indian capital markets during the first week of June in anticipation of continued policy reforms. They had invested a net Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and debt). (Image: Reuters)
Foreign investors have pumped in a net amount of Rs 7,095 crore into the Indian capital markets during the first week of June in anticipation of continued policy reforms. They had invested a net Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and debt). (Image: Reuters)
The Reserve Bank of India issued a revised circular on the resolution of stressed loans replacing all the earlier resolution plans such as the framework for revitalising distressed assets, corporate debt restructuring scheme, flexible structuring of existing long-term project loans, strategic debt restructuring scheme (SDR), change in ownership outside SDR, and scheme for sustainable structuring of stressed assets (S4A), and the joint lenders' forum with immediate effect. (Image: AP)
The Reserve Bank of India issued a revised circular on the resolution of stressed loans replacing all the earlier resolution plans such as the framework for revitalising distressed assets, corporate debt restructuring scheme, flexible structuring of existing long-term project loans, strategic debt restructuring scheme (SDR), change in ownership outside SDR, and scheme for sustainable structuring of stressed assets (S4A), and the joint lenders' forum with immediate effect. (Image: AP)
After a delay of a week, the monsoon hit the Kerala coast on Saturday, marking the official commencement of the four-month rainfall season in the country. The pre-monsoon rainfall in the country was the second lowest in 65 years, private weather forecaster Skymet Weather said. The three-month pre-monsoon season March, April and May ended with a rainfall deficiency of 25 percent. All the four meteorological divisions - Northwest India, Central India, East-Northeast India and South Peninsula - recorded deficit rainfall of 30 percent, 18 percent, 14 percent and 47 percent, respectively, Skymet said. (Image: PTI)
After a delay of a week, the monsoon hit the Kerala coast on Saturday, marking the official commencement of the four-month rainfall season in the country. The pre-monsoon rainfall in the country was the second lowest in 65 years, private weather forecaster Skymet Weather said. The three-month pre-monsoon season March, April and May ended with a rainfall deficiency of 25 percent. All the four meteorological divisions - Northwest India, Central India, East-Northeast India and South Peninsula - recorded deficit rainfall of 30 percent, 18 percent, 14 percent and 47 percent, respectively, Skymet said. (Image: PTI)
The Ministry of Corporate Affairs is looking to revisit the framework of credit rating agencies as strong corporate governance structure is essential for a market economy, corporate affairs secretary Injeti Srinivas said on Saturday. (Image: IANS/PIB)
The Ministry of Corporate Affairs is looking to revisit the framework of credit rating agencies as strong corporate governance structure is essential for a market economy, corporate affairs secretary Injeti Srinivas said on Saturday. (Image: IANS/PIB)
US-Mexico Trade Dispute: The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants. US President Donald Trump had threatened to impose 5% import tariffs on all Mexican goods starting on Monday if Mexico did not commit to do more to tighten its borders. (Image: AP)
US-Mexico Trade Dispute: The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants. US President Donald Trump had threatened to impose 5% import tariffs on all Mexican goods starting on Monday if Mexico did not commit to do more to tighten its borders. (Image: AP)
G20 Meeting: Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of the deepening U.S.-China trade conflict. (Image: AP)
G20 Meeting: Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of the deepening U.S.-China trade conflict. (Image: AP)
US-China Trade Deal: U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China - but absent a deal, Washington would maintain tariffs to cut its deficit. (Image: AP)
US-China Trade Deal: U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China - but absent a deal, Washington would maintain tariffs to cut its deficit. (Image: AP)
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