LIVE MARKET TRACKER :   BSE SENSEX   31698.55      |    NSE NIFTY 9884.75    
GLOBAL MARKETS :  NASDAQ 6426.922   +0.066%    |    FSI London 7310.64   +0.64%    |    NIKKEI Japan 20389.21   +0.46%
  USD GBP EUR CAD AUD INR
USD - 0.7390 0.8381 1.2330 1.2566 64.7750
GBP 1.3534 - 1.1340 1.6687 1.7004 87.6462
EUR 1.1936 0.8820 - 1.4717 1.4996 77.3105
CAD 0.8112 0.5998 0.6797 - 1.0194 52.5520
AUD 0.7960 0.5883 0.6671 0.9815 - 51.5480
INR 0.0154 0.0114 0.0129 0.0191 0.0194 -
Indian-Commodity  :  International & World Stock  :  US markets closed mostly lower on Friday

US markets closed mostly lower on Friday (29-Jul-2017)

The US markets closed mostly lower on Friday, with the S&P 500 and Nasdaq both finishing slightly lower for week, while the Dow industrials finished at a record. The pullback in the broader stock market came amid a few blemishes in relatively strong earnings season showed that investors who are skittish about high valuations are taking money off the table while those who are more confident of earnings growth are supporting levels. The failure of a Republican-led attempt to repeal or replace the Affordable Care Act in the wee hours of Friday morning - viewed as a proxy for President Donald Trump's ability to deliver on previously pledged pro-growth legislations - may also have dampened investor sentiment. The New York Federal Reserve said its estimate on US gross domestic product for third quarter was little changed at about 1.9 percent based on the latest data on durable goods orders, new home sales and inventories. The regional central bank's 'Nowcast' model calculated the economy was expanding at an annualized pace of 1.92 percent in the third quarter, compared with 1.95 percent a week earlier.

On the economy front, the US grew at a 2.6% annual pace in second quarter, rebounding from soft patch at the start of the year. Consumer spending, the main engine of the economy led the way with a 2.8% increase. Business investment in equipment rose 8.2%, while outlays on structures advanced 4.9%. In a bit of a surprise, the value of inventories fell slightly to mark the second decline in a row. Investment in new housing also sank 6.8%. Exports rose 4.1% and imports edged up 2.1%. Inflation as measured by the PCE price index increased at a 0.3% annual rate. First-quarter GDP was revised lower to 1.2%. Separately, the cost of employing the average US worker rose 0.5% in the second quarter but showed little acceleration despite the tightest labor market in years. Over the past 12 months, employment costs have risen an unadjusted 2.4%. The ECI reflects how much companies, governments and nonprofit institutions pay their employees in wages and benefits. Wages - some 70% of employment costs - rose 0.5% in the second quarter. Benefits climbed 0.6%.

Meanwhile, Minneapolis Fed President Neel Kashkari said that the Federal Reserve's $4.5 trillion balance sheet is not doing a lot to boost the US economy at this time and trimming it gradually is the right thing to do. Kashkari has dissented on both of the US central bank's rate hikes this year, saying he wanted to wait to see if the recent weakness in inflation is transitory. But earlier this week he voted with fellow policymakers on a plan to begin reducing the Fed's bond holdings relatively soon, language that Wall Street has interpreted to mean September. Kashkari's remarks shed little new light on the Fed's internal deliberations over why wage growth remains weak and inflation tepid in the face of healthy job growth.

The Nasdaq lost 7.51 points or 0.12 percent to 6,374.68, S&P 500 edged lower by 3.32 points or 0.13 percent to 2,472.10, while the Dow Jones Industrial Average added 33.76 points or 0.15 percent to 21,830.31.




Top News Today
Zydus Cadila, Oberoi Realty and Artefact Projects to see some action today
(25-Sep-2017)

Zydus Cadila, Oberoi Realty and Artefact Projects to see some action todayZydus Cadila has received the final approval from the USFDA to market Amlodipine and Olmesartan Medoxomil Tablets in strengths of 5 mg/20 mg, 5 mg/40 mg 10 mg/20 mg, and 10 mg/40 mg. The drug is indicated......click on news to read complete article.

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.

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.