INSUBCONTINENT EXCLUSIVE:
In commodities, oil prices extended their decline as coronavirus outbreak hit demand in ChinaThe markets are likely to start the week on a
tepid note, given the un-enthusing cues from the global front
MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.7 per cent
Japan's Nikkei fell 0.8 per cent while South Korea's KOSPI was off 1.4 per cent and Australian shares eased 0.5 per cent
Trends on SGX Nifty indicate a negative opening for the broader index in India
from record levels on Friday
The Dow Jones slipped 0.6 per cent to 29,182, S-P 500 dropped 0.2 per cent to 3,337 and Nasdaq Composite was down 0.1 per cent at 9,559.In
commodities, oil prices extended their decline as the specter of excess supplies loomed as the coronavirus outbreak hit demand in China
Brent crude slipped 38 cents to $54.09 a barrel.In this week, the macroeconomic data announcements, Delhi poll results and the coronavirus
Wednesday, and the WPI inflation numbers on Friday
The Delhi poll results will be announced on Tuesday.And the coronavirus shows no signs of abating; the death toll in China's coronavirus
outbreak rose to 811 on Sunday, surpassing the number of fatalities in the SARS epidemic
The epidemic seems largely confined to China for the time-being, with some sporadic incidents reported elsewhere
If a global spillover takes places, that could pose a terrifying headwind risk for the global markets.Back home, Sensex had fallen 164
points to 41,141 and the Nifty had closed 39 points lower at 12,098 on Friday.
