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22 April, 2018 19:36 IST
Markets likely to open flat with positive bias: Angel Broking
Source: IRIS | 08 May, 2017, 09.04AM
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Indian markets are likely to open flat with positive bias tracking the SGX Nifty and Asian markets, said Angel Broking in its report.

US stocks reacted positively to a strong jobs report. US non-farm payroll employment increased by 211,000 in April, against an expectation of an increase of 185,000. The unemployment rate moved lower to 4.4 percent in April from 4.5 percent in March. The unemployment rate had been expected to increase to 4.6 percent. The unemployment rate has fallen to its lowest level since May 2007.

UK stocks reacted positively to a strong jobs report from the US. European markets also reacted positively to opinion polls which showed Emanuel Macron having a strong lead over Le Pen. UK Retail sales saw April's YoY sales grow just 1.9 percent, the BDO's High Street Sales Tracker report said.

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