LIVE MARKET TRACKER :   BSE SENSEX   32584.35      |    NSE NIFTY 10210.85    
GLOBAL MARKETS :  NASDAQ 6631.8970   +0.1244%    |    FSI London 7542.87   +0.36%    |    NIKKEI Japan 21363.05   +0.13%
  USD GBP EUR CAD AUD INR
USD - 0.7579 0.8478 1.2474 1.2749 65.1090
GBP 1.3199 - 1.1197 1.6465 1.6822 85.7660
EUR 1.1793 0.8936 - 1.4711 1.5030 76.5908
CAD 0.8022 0.6078 0.6804 - 1.0221 52.0670
AUD 0.7847 0.5947 0.6655 0.9788 - 50.9800
INR 0.0154 0.0117 0.0131 0.0193 0.0197 -
Indian-Commodity  :  International & World Stock  :  US markets closed higher; Dow post 9th straight record closing high

US markets closed higher; Dow post 9th straight record closing high (08-Aug-2017)

The US markets closed higher on Monday, with the S&P 500 ending at a record and the Dow extending its streak of such closing highs to nine. The day's gains were modest but broad-based. Eight of the 11 primary S&P 500 sectors ended higher on the day, with consumer staples and technology shares leading on the day. Tech was supported by a broad rally in semiconductor stocks. St. Louis Fed President James Bullard said that the level of short-term interest rates is fine where it is for now. The current level of the policy rate is likely to remain appropriate over the near term. Bullard added that he doesn't believe that the unemployment rate, which is running at a 16-year low at 4.3%, will be enough to push inflation toward the central bank's 2% target. Even a further steep decline in the jobless rate wouldn't boost prices. Bullard said a key driver of US inflation appears to be global commodity prices, especially crude oil prices. Bullard said the question of whether financial stability should be a goal of monetary policy remains a hot topic.

On the economy front, consumer borrowing slowed a bit in June from the torrid growth in the prior month, but continued at a solid pace. Total consumer credit increased $12.4 billion in June to a record seasonally adjusted $3.86 trillion, posting an annual growth rate of 3.9%. This is down from a revised $18.3 billion gain in May, which was the strongest rate in six months. Consumer borrowing slowed a bit in the second quarter as a whole, continuing a trend in place since last fall. Credit rose at a 4.5% annual rate during the second quarter, down slightly from a 5% pace in the first quarter. The historical main source of credit growth, non-revolving credit, which covers loans for education and cars, rose at an annual rate of 4.9% in June, down from 8.2% in May. Revolving credit, which is mostly made up of credit-card loans, increased at an annual rate of 3.9% in June, down from 5.7% in May.

The Dow Jones Industrial Average added 25.61 points or 0.12 percent to 22,118.42, the Nasdaq gained 32.21 points or 0.51 percent to 6,383.77, while the S&P 500 edged higher by 4.08 points or 0.16 percent to 2,480.91.



Top News Today
Suven Life Sciences secures product patent in Singapore
(18-Oct-2017)

Suven Life Sciences secures product patent in SingaporeSuven Life Sciences has secured one product patent from Singapore corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents......click on news to read complete article.

Jubilant Life Sciences issues commercial papers worth Rs 50 crore
(18-Oct-2017)

Jubilant Life Sciences issues commercial papers worth Rs 50 croreJubilant Life Sciences has issued Commercial Papers (CPs) aggregating to Rs 50 crore on October 17, 2017. The company has issued two commercial papers of Rs 25 crore each providing an interest rate of......click on news to read complete article.

Peninsula Land receives Rs 200 crore from Godrej Skyline for Pune land
(18-Oct-2017)

Peninsula Land receives Rs 200 crore from Godrej Skyline for Pune landPeninsula Land has received Rs 200 crore out of the total consideration of Rs 226 crore from Godrej Skyline Developers for sale of property situated at Village Mamurdi, Taluka Haveli, District - Pune,......click on news to read complete article.

International Stock News
Asian markets trade mostly lower in early deals on Wednesday
(18-Oct-2017)

Asian markets trade mostly lower in early deals on WednesdayMost of the Asian equity benchmarks are trading lower in the early deals on Wednesday with investors trading cautiously as China's President Xi Jinping spoke at the beginning of the Communist Party's 19th......click on news to read complete article.

US markets closed mostly higher on round of positive earnings report
(18-Oct-2017)

US markets closed mostly higher on round of positive earnings reportThe US markets closed mostly higher on Tuesday, with both the Dow and the S&P 500 finishing at records as a round of positive earnings report from major companies boosted positive sentiment and......click on news to read complete article.

Asian markets trade mostly higher in early deals on Tuesday
(17-Oct-2017)

Asian markets trade mostly higher in early deals on TuesdayMost of the Asian equity benchmarks are trading in green in the early deals on Tuesday, with the fresh record highs on Wall Street and firm commodity prices boosting investors' sentiments. Comments by......click on news to read complete article.

 

     
  
Recent International & World Stock News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.