iCharts Discussions

[manishds]

The Global Markets gives out mixed clues this morning. U.S. stocks fell after a downgrade of Greece halted an early rally and the Standard & Poor’s 500 Index failed to hold above levels monitored by traders who base investment decisions on charts. European stocks advanced for a fourth day to a one-month high as a report showed the regions industrial production increased more than forecast in April. This morning Asian stocks fell for the first time in four days after a cut to Greece’s credit rating renewed concern that Europe’s debt crisis will hinder a global economic recovery and sap demand for resources. In commodities, Crude oil traded near $75 a barrel, reversing earlier losses, on expectations for higher economic growth in the U.S., the world’s largest energy user. Gold, little changed, may advance as a Greece’s credit rating was slashed, raising concerns the global economic recovery may slow and boosting demand for the precious metal as a means of protecting wealth. Copper dropped for the first time in six days, snapping its longest rally in more than five months, on concern that Europe’s..

To read full market analysis you can refer to:
http://www.dsij.in/tabId/376/itemId/982/Markets-Trade-Flat-in-Early-Trade.aspx

Source: Dalal Street investment journal
www.dsij.in