The global forecast for the Asian markets is cautiously optimistic, although the upside is likely to be limited by apprehension ahead of earnings news this week. The European and U.S. markets were slightly higher on Friday, and the Asian bourses figure to open in similar fashion today.
The SCI finished modestly higher on Friday, nudged into the green by support from the gold miners and the automobile producers.
For the day, the index advanced 8.62 points or 0.42 percent to finish at 2,046.96 after trading between 2,033.00 and 2,051.74 on turnover of
Among the actives,
The lead from
The Dow rose 28.74 points or 0.2 percent to 16,943.81, while the NASDAQ climbed 19.29 points or 0.4 percent to 4,415.49 and the S&P 500 edged up 2.89 points or 0.2 percent to 1,967.57. For the week, the NASDAQ tumbled 1.6 percent, while the Dow and the S&P 500 dropped 0.7 percent and 0.9 percent, respectively.
The strength at the close of trading may have reflected bargain hunting following the notable pullback earlier this week. But traders largely seemed reluctant to make any significant moves ahead of the release of a slew of earnings news this week.
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