The key domestic benchmarks are likely to open higher today tracking a mostly positive trend in Asian markets as the US economy added over 200K jobs for the ninth straight month. China’s trade data which showed a year on year 11.6 per cent rise in exports in October 2014, against an expected 10.6 per cent increase signaled an easing slowdown in the world’s second biggest economy. China’s Shanghai Composite surged as consumer inflation stood steady at 1.6 per cent in October 2014, unchanged from the previous month, giving policymakers enough room to step up easing, if required. Japan’s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex will be supported by the decision to reshuffle the Union Cabinet which is seen as a further step towards reforms. Investors will be eying the consumer and wholesale inflation data for October, industrial output data for September and quarterly earnings from Tata Motors, ONGC and SBI this week.
