LIVE MARKET TRACKER :   BSE SENSEX   33462.97      |    NSE NIFTY 10333.25    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  International & World Stock  :  US markets closed lower on Tuesday

US markets closed lower on Tuesday (06-Dec-2017)

The US markets closed lower on Tuesday, driven by losses in utilities, telecoms and industrials sectors. An earlier rebound in the technology sector fizzled out, sending the Nasdaq Composite into negative territory, reversing solid gains in the morning. Republicans in US House of Representatives began staking out their positions on final tax legislation, days ahead of talks with the Senate to shape the tax package lawmakers hope to send to President Donald Trump by year end. Separately, Federal Reserve Governor Jerome Powell, facing a Senate committee vote on his nomination to become the central bank's chairman, won strong bipartisan support that suggests he'll sail through the full Senate.

On the economy front, the US trade deficit in October jumped 8.6% to a ninth-month high of $48.7 billion from $44.9 billion. Imports climbed 1.6% to a record $244.6 billion. Exports were unchanged at $195.9 billion. OPEC was a big winner. Nearly half of the increase in the US trade deficit was tied to larger imports of petroleum at higher prices. The average cost of a barrel of oil rose to a more than two-year high of $47.26. The sharp increase in the trade deficit might be the only thing to prevent the US economy from topping 3% for the third quarter in a row. If it doesn't recede in the next two months, fourth-quarter GDP could take a hit.

Meanwhile, the Institute for Supply Management's index of service-oriented companies such as banks and retailers fell to 57.4% in November from a 12-year high of 60.1% in October. Numbers over 50% are viewed as positive for the economy, however, and anything over 55% is considered exceptional. The new orders index fell 4.1 points to 58.7%, production slipped 2.7 points to 57% and employment declined 2.2 points to 55.3%. Inventories also fell. Still, 16 of the 17 industries tracked by ISM said their businesses were expanding in another show of strength for a US economy.

The Dow Jones Industrial Average lost 109.41 points or 0.45 percent to 24,180.64, the Nasdaq dropped 13.153 points or 0.19 percent to 6,762.21, and the S&P 500 edged lower by 9.87 points or 0.37 percent to 2,629.57. 


Top News Today
Petronet executes revised commercial understanding for purchase of LNG from Mobil Australia
(16-Dec-2017)

Petronet executes revised commercial understanding for purchase of LNG from Mobil AustraliaPetronet LNG has executed the relevant agreements to record the revised commercial understanding on the agreement for purchase of 1.44 MTPA of LNG from Mobil Australia Resources Company (LNG Supplier),......click on news to read complete article.

Asian Granito to give corporate guarantee of Rs 2.5 crore in favor of Camrola Quartz
(16-Dec-2017)

Asian Granito to give corporate guarantee of Rs 2.5 crore in favor of Camrola QuartzAsian Granito India has received an approval to give the Corporate Guarantee of Rs 2.5 crore in favor of Camrola Quartz, subsidiary of the company. The Administrative Committee of the company in its meeting......click on news to read complete article.

Tinna Rubber gets NCLT's nod for composite scheme of arrangement
(16-Dec-2017)

Tinna Rubber gets NCLTTinna Rubber and Infrastructure has received National Company Law Tribunal's (NCLT) approval for the Composite Scheme of Arrangement between the company and Tinna Trade and their respective shareholders......click on news to read complete article.

International Stock News
US markets closed higher on tax-cut optimism
(16-Dec-2017)

US markets closed higher on tax-cut optimismThe US markets closed higher on Friday and booked weekly gains, as investor expectations grew for passage of Republican-backed tax-cut legislation. Politics surrounding the tax bill continued to influence......click on news to read complete article.

Asian markets trade mostly in red in early deals on Friday
(15-Dec-2017)

Asian markets trade mostly in red in early deals on FridayMost of the Asian equity benchmarks are trading in red in the early deals on Friday with the overnight weak close on Wall Street amid uncertainty about the outlook for the Republican tax reform plan weighing......click on news to read complete article.

US markets closed lower on Thursday
(15-Dec-2017)

US markets closed lower on ThursdayThe US markets closed lower on Thursday, with the selling pressure coming from health-care, materials sectors and telecoms sectors. Details of the Republican tax deal have started to trickle out, with......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.