LIVE MARKET TRACKER :   BSE SENSEX   31406.79      |    NSE NIFTY 9807.45    
GLOBAL MARKETS :  NASDAQ 6216.5269   -0.0866%    |    FSI London 7323.98   -0.86%    |    NIKKEI Japan 19413.98   -0.29%
  USD GBP EUR CAD AUD INR
USD - 0.7770 0.8517 1.2598 1.2625 64.1000
GBP 1.2870 - 1.0958 1.6213 1.6246 82.4446
EUR 1.1744 0.9126 - 1.4795 1.4825 75.2314
CAD 0.7943 0.6173 0.6762 - 1.0026 50.8690
AUD 0.7922 0.6157 0.6747 0.9980 - 50.7500
INR 0.0156 0.0121 0.0133 0.0197 0.0198 -
Indian-Commodity  :  International & World Stock  :  US markets closed higher on strong economic data

US markets closed higher on strong economic data (19-May-2017)

The US markets closed higher on Thursday, as investors' sentiment, battered by political uncertainty surrounding President Donald Trump, stabilized on a positive reading on jobless claims. The number of Americans on unemployment fell mid-May to the lowest level since 1988, underscoring the strongest labor market in years. So-called continuing claims, or the number of people collecting jobless benefits, fell by 22,000 to 1.9 million in early May. That's the lowest level in 29 years. The US economy has been creating new jobs at a rapid clip for the past six years, knocking the unemployment rate below 5% and helping millions of Americans to recover from the worst recession in decades. Applications for unemployment benefits have registered less than 300,000 for 115 straight weeks, the longest run since the early 1970s. The more stable monthly average of jobless claims fell slightly to 240,750.

Separately, manufacturing in the Philadelphia region showed unexpected strength in May, a sign that the factory sector could be on solid ground. The Philadelphia Fed said its manufacturing index jumped to a reading of 38.8 in May from 22 in April. It marked the tenth month above zero on an index where any positive reading indicates improving conditions. The level of the index in May is just below the recent peak of 43.3 hit in February. The new-orders index dipped to 25.4 in May from 27.4 in April. On the other hand, the shipments index jumped to 39.1 from 23.4 in the prior month. The leading economic index rose 0.3% in April and pointed to faster growth in the spring after a weak first-quarter reading on gross domestic product. The increase in April follows a 0.5% gain in March. The recent trend in the US LEI, led by the positive outlook of consumers and financial markets, continues to point to a growing economy, perhaps even a cyclical pickup. A measure of current conditions rose 0.3%, as did a lagging index. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.

Meanwhile, Cleveland Federal Reserve Bank President Loretta Mester repeated her call for further US-interest rate hikes now that the economy has reached full employment and inflation is nearing the Fed's 2-percent goal. Mester added that it's important for the FOMC to remain very vigilant against falling behind, especially given the low level of interest rates and the large size of our balance sheet. Mester said that while the Fed need not raise rates at every meeting, it should raise rates more than once this year. Mester enlightened that she is comfortable with the Fed beginning to trim its $4.5 trillion balance sheet this year, and that once the Fed has detailed its plan to reduce its holdings, it should stick to the plan and rely only on short-term rate policy to manage its response to changing economic conditions.

The Dow Jones Industrial Average gained 56.09 points or 0.27 percent to 20,663.02, Nasdaq added 43.89 points or 0.73 percent to 6,055.13, while S&P 500 edged higher by 8.69 points or 0.37 percent to 2,365.72.

The Indian ADRs closed mixed; Wipro was up 1.27%, Infosys was up 0.60% and HDFC Bank was up 0.44%. On the other hand, ICICI Bank was down 1.05% and Dr. Reddy's was down 1.03%.


Top News Today
Kotak India Growth Fund sells 23.68 lakh shares of Minda Corporation
(21-Aug-2017)

Kotak India Growth Fund sells 23.68 lakh shares of Minda CorporationKotak India Growth Fund II has sold 23.68 lakh shares of Minda Corporation at Rs 112 per share on the BSE on August 18, 2017. However, Steinberg India Emerging Opportunities Fund has bought 24.90 lakh......click on news to read complete article.

Aurobindo Pharma planning to broaden portfolio in US
(21-Aug-2017)

Aurobindo Pharma planning to broaden portfolio in USAurobindo Pharma is planning to broaden portfolio in the US through accelerated growth in injectable, OTC and higher complexity products. The company is also planning to expand presence into new geographies......click on news to read complete article.

WHV-EAM International buys 23.15 lakh shares of Meghmani Organics
(21-Aug-2017)

WHV-EAM International buys 23.15 lakh shares of Meghmani OrganicsWHV-EAM International Small Cap Equity Fund has bought 23.15 lakh shares of Meghmani Organics. The company has purchased these shares at Rs 70.70 per share on the NSE on August 18, 2017.Meghmani Organics......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......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.