LIVE MARKET TRACKER :   BSE SENSEX   31922.44      |    NSE NIFTY 9964.40    
GLOBAL MARKETS :  NASDAQ 6426.922   +0.066%    |    FSI London 7310.64   +0.64%    |    NIKKEI Japan 20296.45   -0.25%
  USD GBP EUR CAD AUD INR
USD - 0.7410 0.8370 1.2338 1.2553 64.8390
GBP 1.3498 - 1.1298 1.6647 1.6950 87.4238
EUR 1.1951 0.8856 - 1.4714 1.4981 77.4119
CAD 0.8120 0.6018 0.6793 - 1.0185 52.6090
AUD 0.7968 0.5911 0.6671 0.9833 - 51.6360
INR 0.0154 0.0115 0.0129 0.0191 0.0194 -
Indian-Commodity  :  International & World Stock  :  US markets closed higher, led by gains in tech stocks

US markets closed higher, led by gains in tech stocks (15-Jul-2017)

The US markets closed higher on Friday, with several indexes posting all-time records, led by large gains in the tech sector. This was despite a mixed batch of second-quarter earnings from three major banks. The Atlanta Federal Reserve's GDP Now forecast model showed that the US economy is expanding at a 2.4 percent annualized pace in the second quarter based on unexpectedly weak data on retail sales and consumer prices in June. The latest second-quarter GDP estimate was lower than the previous figure of 2.6 percent calculated on Tuesday. Friday's figure was the Atlanta Fed model's lowest yet for US gross domestic product in the second quarter. Its initial reading was 4.3 percent on May 1.

On the economy front, the cost Americans pay for goods and services was little changed in June, larger reflecting lower gasoline prices but also showing that a recent surge in inflation has crested. More important, the rate of inflation over the past 12 months slowed to 1.6% in June from 1.9% in the prior month, and it is down from five-year high of 2.7% just five months ago. A stripped-down measure of inflation that excludes the volatile food and energy categories rose 0.1% in June. Over the past 12 months the so-called core CPI is up 1.7%, unchanged from the prior month. Industrial production rose 0.4% in June, a touch ahead of expectations, as mining output surged 1.6%. Utilities output as flat and manufacturing output edged up 0.2%. Over the last 12 months, industrial production is up 2%. Capacity utilization rose to 76.6% from 76.4%, which was slightly below expectations.

On the other hand, sales at retailers fizzled out in the late spring after getting the season off to a fast start, likely dampening US economic growth in the second quarter. Sales at retailers nationwide fell 0.2% last month to mark the second straight drop and match the biggest decline of the year. Most retail segments posted weaker results in June. Sales at gas stations posted the biggest drop, down 1.3%, reflecting lower prices at the pump. Sales also fell at grocers, restaurants, book stores, sporting-goods stores and department stores. Retail sales have climbed a scant 2.8% in the past 12 months, about half as fast as they were rising at the start of the year.

Meanwhile, Chicago Federal Reserve Bank President Charles Evans reiterated his view that inflation that is persistently below the Fed's 2-percent goal is a serious policy outcome miss and renewed his support for very gradual interest-rate hikes. Evans repeated much of his recent comments acknowledging the strength of the real economy and supporting a reduction in the Fed's $4.5 trillion balance sheet. But he also warned that the Fed must show its commitment to hitting its inflation target sooner rather than later.

The Dow Jones Industrial Average added 84.65 points or 0.39 percent to 21,637.74, the Nasdaq added 38.03 points or 0.61 percent to 6,312.47, while S&P 500 edged higher by 11.44 points or 0.47 percent to 2,459.27. 



Top News Today
REC gets nod to raise Rs 65,000 crore via bonds
(23-Sep-2017)

REC gets nod to raise Rs 65,000 crore via bondsRural Electrification Corporation (REC) has received shareholders' approval to raise up to Rs 65,000 crore via bonds over the next one year. The special resolution was passed at the company's annual general......click on news to read complete article.

BNP Paribas Arbitrage sells 1.40 lakh shares of Matrimony.com
(23-Sep-2017)

BNP Paribas Arbitrage sells 1.40 lakh shares of Matrimony.comBNP Paribas Arbitrage has sold 1.40 lakh shares of Matrimony.com. The fund house has offloaded the same at Rs 817.73 on the NSE on September 22, 2017.Recently, BNP Paribas Arbitrage has offloaded 1,34,102......click on news to read complete article.

Corporation San Finance buys 8.77 lakh shares of Bharat Road Network
(23-Sep-2017)

Corporation San Finance buys 8.77 lakh shares of Bharat Road NetworkCorporation San Finance has bought 8.77 lakh shares of Bharat Road Network. The company has bought these shares at Rs 189.81 on the NSE on September 22, 2017.Recently, Bharat Road raised Rs 600 crore through......click on news to read complete article.

International Stock News
US markets end flat on geopolitical concerns
(23-Sep-2017)

US markets end flat on geopolitical concernsThe US markets ended the lackluster session near their neutral lines on Friday on geopolitical concerns amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump.......click on news to read complete article.

Asian markets trade lower on heightened geopolitical tensions
(22-Sep-2017)

Asian markets trade lower on heightened geopolitical tensionsThe Asian markets are showing a weak trend on Friday, on renewed geopolitical worries after a report that North Korea could respond to fresh sanctions with a hydrogen bomb in the Pacific. A news report......click on news to read complete article.

US markets closed lower; Dow snaps nine-day winning streak
(22-Sep-2017)

US markets closed lower; Dow snaps nine-day winning streakThe US markets closed lower on Thursday, with the Dow snapping a nine-day winning streak as investors found few reasons to chase equities a day after the Federal Reserve indicated it still intends to deliver......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.