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Aug 09, 2012, 08.57 AM IST
The US markets ended narrowly mixed in lackluster trading. However, the Dow and S&P 500 still managed to eke out small gains, as investors continued to wait for further action from central banks.
Dow Jones Industrial Average was up 0.05% or 7.04 points at 13175.64. Nasdaq Composite was down 0.15% or 4.61 points at 3011.25. Standard & Poor's 500 was up 0.06% or 0.87 points at 1402.22. On economic data front, non-farm productivity rose more than expected in the second quarter at 1.6% as companies expanded output. And weekly mortgage applications slipped last week amid lower demand for new purchase and refinance loans. In key data to watch out for in US today, weekly jobless claims are expected to come in at 367,000 and the international trade gap for the month of June may come in at minus 47.5 billion dollars. In the currency space, the euro edges lower against the dollar pressured by soft German economic data, but losses were limited by hopes that the ECB may soon take action to lower Spanish and Italian borrowing costs. In commodities, crude prices retreat after touching a 3 month high of USD 113 level. Brent is currently around USD 112 levels.
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