Major share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields and punishing tech stocks. That made for cautious trading with S&P 500 futures off 0.1% and Nasdaq futures up 0.1%. Japan’s Nikkei index edged lower by 9.31 points to 28,478.56 in early trade, while Hang Seng index was up by 193.72 points, or 0.82 per cent, at 23,687.10. The dollar index was flat at 95.764, after falling0.5% on Friday, but has support at 95.568. The euro bounced to $1.1354, leaving it near the topof the recent $1.1184/1.1382 trading range.

Source: The Hindu January 10, 2022 16:17 UTC