Cues that can direct Indian market today
The US markets closed higher amidst thin, choppy session, but ongoing worries over the Euro zone crisis limited gains. Both the Dow and S&P 500 clocked gains, but lacklustre action among tech stocks left the Nasdaq to end narrowly above the neutral line.
November 11, 2011 / 08:48 IST
Moneycontrol Bureau
The US markets closed higher amidst thin, choppy session, but ongoing worries over the Euro zone crisis limited gains. Both the Dow and S&P 500 clocked gains, but lacklustre action among tech stocks left the Nasdaq to end narrowly above the neutral line.US economic data:The latest weekly initial jobless claims count totaled 390,000, which is less than 400,000 claims that had been expected, on average. The latest tally is also 10,000 less than the prior week's total.The trade deficit contracted to USD 43.1 billion in September from USD 44.9 billion in the prior month. This is lower than the USD 45.9 billion deficit expected.Data to keep an eye on:Watch out for the University of Michigan's Consumer Sentiment Index for November. There are expectations that it will be higher, around 61.5 as compared to the previous month's 60.9.European markets:European markets ended lower in choppy trade as concerns that political wrangling in debt-laden Italy to form a national unity government and high bond yield levels in the country may deepen the region's two-year old debt crisis.Former ECB vice president Lucas Papademos has been confirmed at Greece
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