11 September 2013

Global Markets Update

US Mkts on TUE
Dow: 15191 +127 +0.85%
Nasdaq: 3729 +22 +0.62%
S&P500:1683 +12 +0.73%
Nikkei: 14503 +80 +0.56%
Infy: +3.89%, Wit: -2.49%
Ttm: +5.93%, Rdy: -0.46%
Hdb: +2.47%, Ibn: +2.06%
SBID:+0.48%, RIGD +4.56%
Us/Inr $63.63, Eu/Us 1.33
Dix: 81.81, Us/JPY 100.29
Gold: $1364,Silver: $23.07
Oil: $107.14 Brent: $111.33
SGX Nifty last night : 5938.00 +27.00
The reduced geopolitical tension and healthy economic data also sparked gains in Asian and European markets.
Politicians in Washington continue to debate the pros and cons of a strike on Syria. In addition, Secretary of State John Kerry raised the possibility Monday of avoiding an attack if Syria were to give up its chemical weapons.

Markets were encouraged by more evidence that the Chinese economy has stabilized. Industrial output rose a robust 10.4% in August, the strongest in over a year. Retail sales and fixed asset investments last month also rose more than expected.

Apple revealed two new iPhones: the iPhone 5S and less expensive "iPhone 5C. Apple closed more than 2% lower, but the stock has run up nearly 20% in the past two months in anticipation of the announcement.

Nike, Goldman Sachs and Visa were in focus, as the three will be the newest members of the Dow, replacing Alcoa, Hewlett-Packard and Bank of America. Goldman, Nike and Visa all rose on the news. Alcoa and HP fell slightly while BofA was up more than 1%.

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