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Global cues positive; Nifty likely to take a breather today

S&P 500 is less than half a percent from its all-time high. All eyes are now on the upcoming Jackson Hole symposium and the minutes of the July FOMC meet to be released today.

The Indian equity market is likely to open flat today after a day of closing at a fresh record high. The SGX Nifty, an indicator of the market opening, was trading at 7898.00, down 15 points.

Global cues are positive as the US markets extended gains on optimism that the Federal Reserve will keep rates lower for longer. The S&P 500 is less than half a percent from its all-time high. All eyes are now on the upcoming Jackson Hole symposium and the minutes of the July FOMC meet to be released today.

European shares closed in the green on Tuesday as Ukraine worries eased and companies posted robust earnings. Asian markets, meanwhile, were trading mixed over higher-than-expected Japan trade deficit and despite gains from the US markets.

Stay tuned for more.

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