LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
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 mostly lower; Dow ekes minor gain

US markets closed mostly lower; Dow ekes minor gain (04-May-2018)

The US markets closed mostly lower on Thursday, while the Dow erased a triple-digit intraday drop to end higher, in choppy action as investors awaited a key reading of monthly employment on Friday. Unsteady trade was underpinned by quarterly results that failed to impress the street, uncertainty over the Federal Reserve's policy plan - despite its Wednesday update - and worries over a full-blown US-China trade war. The Atlanta Federal Reserve's GDPNow forecast model showed that the US economy is expanding at a 4.0 percent annualized rate in the second quarter in the wake of the latest data on domestic vehicle sales, trade balance and factory orders. The latest estimate on gross domestic product growth was a tad lower than the 4.0 percent pace calculated on Tuesday.

On the economy front, the trade deficit sank 15% in March to the lowest level in six months, but the decline is likely just temporary. The US is on track to run another large trade gap in 2018 that exceeds the deficit in the prior year. The deficit slid to $49 billion in March from $57.7 billion in February. Exports advanced 2% to $208.5 billion and set a new record. The US shipped more petroleum, passenger planes and even soybeans and corn ahead of pending tariffs by China in retaliation for US trade sanctions. Exports of autos fell, however. US imports dropped 1.8% to $257.5 billion. The US imported far few consumer goods such as TVs, computers, toys and appliances. Imports of wine and beer also fell.

Separately, one week after falling to the lowest level since 1969, initial US jobless claims rebounded but only slightly. Claims rose by 2,000 to 211,000 in the seven days ended April 28 - well below the average of 225,000 forecast. The more stable monthly average of claims decreased by 7,750 and stood at 221,500. That is the lowest level since March 1973. The number of people already collecting unemployment benefits, known as continuing claims, fell by 77,000 to 1.76 million.

Meanwhile, the Institute for Supply Management's nonmanufacturing index fell more than expected in April, dropping to 56.8, while factory orders rose 1.6% in the month. However, the Markit services purchasing managers index for April came in at 54.6, compared with 54 in March.

The Nasdaq dropped 12.746 points or 0.18 percent to 7,088.15, the S&P 500 was down by 5.94 points or 0.23 percent to 2,629.73, while the Dow Jones Industrial Average added 5.17 points or 0.02 percent to 23,930.15. 



Top News Today
Amara Raja Batteries reports 11% rise in Q4 net profit
(19-May-2018)

Amara Raja Batteries reports 11% rise in Q4 net profitAmara Raja Batteries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 10.70% in its net profit at Rs 109.80 crore for the quarter ended March......click on news to read complete article.

Inditrade Capital gets nod to acquire additional stake in JRG Fincorp
(19-May-2018)

Inditrade Capital gets nod to acquire additional stake in JRG FincorpInditrade Capital has received approval for acquisition of additional equity shares in its material subsidiary -- JRG Fincorp, of up to 10% of paid up capital, for an amount not exceeding Rs 24 crore within......click on news to read complete article.

Union Bank of India gets nod to raise funds up to Rs 7400 crore
(19-May-2018)

Union Bank of India gets nod to raise funds up to Rs 7400 croreUnion Bank of India has received approval from its board to raise capital not exceeding Rs 7400 crore by way of core equity capital or through bonds in 2018-19 (FY19). The meeting of the Board of Directors......click on news to read complete article.

International Stock News
US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......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.