MARKET EYE-SGX Nifty edges higher; budget key for near term
* Nifty futures on the Singapore Exchange was 0.17 percent up. The MSCI-Asia Pacific index excluding Japan was 0.07 percent higher. * Asian shares eased on Friday with investors turning cautious as weak euro zone growth data presaged the G20 meeting in this session and on Saturday in Moscow. * Foreign investors bought 3.21 billion rupees of stocks, while domestic institutions sold 2.48 billion rupees of stocks on Thursday, when the BSE index fell 0.57 percent. * With Q3 earnings season almost over, traders speculate over whether the budget would be populist or pragmatic, in the backdrop of increasing deficit. (email@example.com /; firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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