Major indices in US fell on Monday - ZENMoney

In US markets, Major indicies fell due to catiousness ahead of Federal Reserve meeting on Tuesday and Wednesday along with a drop in pending home sales. The losses were led by the energy and financial sectors following a decline in natural gas prices. The news of a $1 billion stock repurchase program by Caterpillar along with some other Merger activity's supported the indicies at lower levels.

On the European front, the British benchmark indices rose marginally with healthcare and media sectors bolstered by transatlantic merger activity. Mixed corporate results along with a steep sell off in Barclays after saying it will give an update on Tuesday on plans to meet tough new UK rules that could include a multi-billion pound share issue to help plug a capital shortfall. capped the upside in the indicies.

Nikkei opened on a positive note during the morning session but sooner slipped to negative terrance on the back of a stronger Yen against US dollar on speculation over Federal reserve meet which is scheduled on Tuesday and Wednesday. However, The morning session ended on positive after the yen resumed its downward slide against dollar and ahead of the peak of the earnings season.

Source : Equity Bulls

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