Global market update: SGX Nifty to US stocks — key triggers that may dictate Dalal Street on Thursday 2 min read .

As investors gear up for another day of trading, a number of key triggers are likely to impact the global markets on Thursday, from SGX Nifty to US stocks. Here are some of the most important factors to keep an eye on.

SGX Nifty

The SGX Nifty is an important indicator of the Indian stock market, and it is likely to be closely watched on Thursday. The SGX Nifty futures traded up 0.46% at 14,889.50 at the time of writing, indicating a positive start for the Indian equity markets. This could be driven by a number of factors, including positive global cues and a renewed focus on Indian equities following the recent correction.

US Stocks

US stocks are also likely to be in focus on Thursday, as investors continue to monitor the impact of rising interest rates and inflation concerns. The Dow Jones Industrial Average closed up 1.35% on Wednesday, while the S&P 500 gained 1.14% and the Nasdaq Composite rose 0.99%. These gains came amid a rally in technology stocks and other high-growth sectors, as investors sought out companies that could benefit from the ongoing shift towards a digital economy.

Inflation concerns

Inflation concerns continue to weigh on the global markets, as rising prices for goods and services threaten to erode the value of investments and reduce consumer purchasing power. In the US, the Consumer Price Index (CPI) rose 0.3% in January, slightly below expectations, while the Producer Price Index (PPI) surged 1.3%, indicating that inflationary pressures are building at the wholesale level. This has raised concerns that the Federal Reserve may need to hike interest rates sooner than expected, which could have a negative impact on the equity markets.

Interest rates

Rising interest rates are another key concern for investors, as higher borrowing costs could reduce corporate profitability and slow down economic growth. The yield on the benchmark 10-year Treasury note rose to 1.31% on Wednesday, up from 1.28% the previous day. This indicates that bond investors are expecting higher inflation and faster economic growth, which could prompt the Federal Reserve to raise interest rates sooner than expected.

Oil prices

Oil prices are another important factor to watch on Thursday, as they can have a significant impact on global economic activity and corporate earnings. Brent crude futures rose 0.2% to $67.68 a barrel at the time of writing, while US crude futures gained 0.2% to $64.50 a barrel. This comes amid concerns over supply disruptions in major oil-producing regions, including Texas and the Middle East.

Corporate earnings

Corporate earnings are always an important factor for investors, as they provide a snapshot of a company's financial health and growth prospects. A number of companies are set to report earnings on Thursday, including Coca-Cola, Baidu, and Airbnb. These reports could have a significant impact on the equity markets, particularly if companies beat or miss analysts' expectations.

COVID-19 developments

Finally, COVID-19 developments are likely to remain a key focus for investors, as the pandemic continues to disrupt global economic activity and corporate earnings. On Wednesday, the World Health Organization (WHO) warned that the pandemic is far from over, despite the rollout of vaccines in many countries. This underscores the ongoing risks posed by the virus, particularly as new variants emerge and vaccination efforts face logistical and supply chain challenges.

Overall, Thursday is likely to be a busy day for investors, with a number of key triggers likely to impact the global markets. From rising interest rates and inflation concerns to corporate earnings and COVID-19 developments, there are a range of factors that could dictate market movements over the coming hours