The key domestic benchmarks are likely to open higher today tracking a firm trend in most Asian stocks and a record closing at Wall Street overnight as a dip in the number of Americans filing for unemployment claims last week signaled a strong labour market recovery in the world’s biggest economy, while the European Central Bank (ECB) vowed to bolster stimulus, if needed, to boost the 18-member Euro area economy. China’s Shanghai Composite was trading higher ahead of the release of October trade numbers while Hang Seng fell. Japan’s Nikkei 225 was trading higher as a weaker yen bolstered the appeal of exporter stocks. All eyes are on the US jobs data to be released today which may show that the economy added 235,000 jobs in October. Back home, markets may consolidate after hitting record highs in recent sessions while optimism over growth amid strong reforms may continue to bolster foreign fund inflows.
