IMF`s Strauss-Kahn resigns; Baltic Dry Index up 4.5%
Global Cues for Friday Morning: US markets end marginally high amid mixed economic data. IMF's Strauss-Kahn resigns.
Global Cues for Friday Morning: US markets end marginally high amid mixed economic data. IMF's Strauss-Kahn resigns.
Dow Jones ends up 45 points at 12605, NASDAQ up 8.3 points at 2823, S&P500 up 3 points at 1344. NYSE total shares traded only at 872 million. US Advancing Sectors: Industrials up 0.7%, Telecom up 0.6%, Consumer Staples up 0.5%. CBOE VIX was down 4.5% at 15.52Asian markets open mixed; Kospi, Nikkei were up 0.3%, Hang Seng, Straits Times & Taiwan were trading flat. Shanghai was down 0.1%. European markets continue to gain for 2nd day. CAC was up 1.25%, DAX was up 0.75%, FSTE was up 0.55%. Global Economic News: US initial jobless claims fell by 29,000 to 409,000, market expected 420,000. US Philadelphia Fed Index for May came at 3.9 Vs 18.9 in April, market expected 18.0. US leading Indicators for April fell by 0.3%, market expected no change. US existing home sales fell to an annualized rate of 5.05 million in April Vs 5.09 in March, market expected 5.23 million units. UK manufacturers see output rising in coming months. Currencies: Dollar Index was down 0.4%. Dollar was down 10 bps Vs Euro at 1.43. Yen was down 11 bps Vs USD at 81.67. Commodities: June natural gas was down 2.3% at USD 4.10/MMBtu. July crude oil was down 1.7% at USD 98.93/bbl. June gold was down 0.2% at USD 1492.2/ounce. July silver was down 0.6% at USD 34.9/ounce. Baltic Dry Index was up 4.5%. Data To Watch: Expiration day for stock index and equity options in the US Markets. JCPenney shareholder meeting, Macy's shareholder meeting, Time Warner shareholder meeting. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
