Major US indices rose for the week - ZENMoney

Nikkei gains for the week due to gains in the wall street on optimism on Federal Reserve which will not rapidly rein in its stimulus measures coupled with better than expected data comming from US and Japan along with a weaker yen. The lingering worries about stress in China's banking system capped the rally.

The British BenchMark rose for the week after several US central bankers offered reassuring comments about their stimulus programme along with encouraging data coming in from the US coupled. The concerns about stress in China's banking system pressurised the indicies during the week and the China's central bank pledge to prevent a credit crunch supported the market's rally. A slid in government bonds from the UK to Germany and Ireland along with continuing concern over Fed stimulus programme capped the indicies.

Major indicies in the US rose for the week due to better than expected US economic data along with comments from several Federal Reserve officials which soothed concerns that the central bank would begin to reduce its stimulus efforts in the near future. The fall in Chinese equity markets on worries about stress in China's banking system pressurised the indicies and the China's central bank pledge to prevent a credit crunch supported the market's rally.

Source : Equity Bulls

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