Tuesday 16 April 2019

Wall Street Lost Ground On Monday, Dragged Down By Financials

Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 17 points or 0.14 percent. Nifty futures were trading around 11,754-level on the Singaporean Exchange.

Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.

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