The Global Markets give out mixed cues this morning. U.S. stocks rose, giving the Standard & Poors 500 Index its first back-to-back gains since April, as speculation a jobs report tomorrow will bolster optimism in the economy overshadowed concern about slowing growth in China. European stocks rose for a fourth day, the longest stretch of gains in three months, as reports on U.S. service industries and jobless claims indicated the recovery of the worlds largest economy is broadening. This morning Asian stocks fell for the third time in four days, after the worlds two largest copper producers warned Chinas plans to curb its economy will lower demand for the metal. In commodities, Oil traded above $74 a barrel in New York after rising on a government report that showed U.S. crude and gasoline inventories dropped more than expected as fuel consumption surged. Gold sales to Europe from the Perth Mint surged in May as the Greek sovereign debt crisis triggered a flight to haven investments, draining stockpiles at the producer...

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Markets Witness Consolidation

Source: Dalal Street Investment Journal
Dalal Street Investment Journal