Money Tree

GLOBAL MARKETS

US Markets

The US markets rallied about 1 percent on Friday.

Dow Jones closed at 13357.74 up 119.01 points or 0.90 percent.
Nasdaq Composite closed at 2596.36 up 31.06 points or 1.21 percent.

Europian Markets

The Europian markets also posted more than 1 percent gains on Friday.

FTSE (UK) closed at 6303.30 up 91.30 points or 1.47%.
DAX (Germany) closed at 7638.17 up 118.23 points or 1.57%
CAC (France) closed at 5662.70 up 70.17 points or 1.25%.

Asian Markets

The Asian markets closed in the green Friday.

NIKKEI(JAPAN) closed at 16569.09 up 415.27 points.
HANG SENG (HONG KONG) closed at 23984.14 up 266.42 points.
KOSPI (SOUTH KOREA) closed at 1872.83 up 30.74 points.
STRAITS TIMES (SINGAPORE) closed at 3392.91 up 71.76 points.
SENSEX (INDIA) closed at 15318.60 up 196.86 points.
NIFTY (INDIA) closed at 4464.00 up 51.70 points.

FOREX

USD/ INR 40.88
EUR/ USD 01.36
USD/ JPY 115.25

GOLD

8945/ 10gm

CRUDE

$74.04/ Bbl

Today’s Market outlook

Our markets have seen a sharp pull back in the last one week and the overall outlook is still bullish. The US markets have closed firm on friday on the back of some reassuring statements from US President, however the Asian markets, except China, have opened weak today morning. We expect some consolidation during the day before a further upmove.