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All You Need To Know Going Into Trade On November 18 – BloombergQuint

Asian stocks were mixed Thursday as the prospect of faster monetary-policy tightening to tackle inflation looms over the global recovery.

Equities slipped in Japan and edged up in Australia. S&P 500 contracts fluctuated and Nasdaq 100 futures edged up. U.S. shares pulled back overnight amid home building data signaling high materials prices and labor shortages.

The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, was little changed at 17,858, as of 6:30 a.m.

A dollar gauge was little changed after slipping from the highest level in more than a year, while the yen edged lower following a bout of volatility.

Oil extended losses on the prospect of a release of supplies from strategic reserves. Gold climbed on the drumbeat of concerns about inflation, while Bitcoin pushed past $60,000 again.