Asian markets are trading positive after U.S. markets soared on the back of an unexpected decline in core inflation numbers in December and strong bank earnings. Nikkei is trading higher by 0.37%, Hang Seng is trading higher by 1.72% and Shanghai Composite is trading higher by 0.83%.

In December 2024, Consumer Price Index (CPI) inflation eased to a four-month low of 5.2%, while Wholesale Price Index (WPI) inflation ticked up to 2.4%. The manufacturing Purchasing Managers' Index (PMI) declined marginally compared to the previous month, while services PMI increased.

The unemployment rate fell in December 2024. Foreign Institutional Investment (FII) and mutual funds (MF) witnessed outflows during the month. Crude oil prices rose on a MoM basis in December.

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Asian Market are trading mixed after Wall Street's mixed moves saw investors rotate out of tech stocks. Nikkei is trading higher by 0.39% while Hang Seng is trading lower by 0.21% and Shanghai Composite is trading lower by 0.29%.

End of Day Summary

Asian markets are trading mixed after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks. Nikkei is trading lower by 2.05% while Hang Seng is trading higher by 0.64% and Shanghai Composite is trading higher by 0.89%.

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Techno-Derivative Outlook