Major US indices fell on Friday's trading - ZENMoney

In US markets, Major indicies fell during Friday's session due to comments from Federal Reserve officials stoked uncertainty about US central bank stimulus programme. Stocks extended losses late in the session after President Barack Obama said that he will make a decision on the nomination for the Federal Reserve chairman in the fall. However, the indicies rose during Thursday's session with better than expected Chinese trade data and a fall in jobless claims. A rally in Microsoft helped lift the technology sector.

On the European front, the British benchmark indices continued the rise on friday on the back of better than expected data from China and Britan. The index was also supported by news that house prices in England and Wales reached an all-time peak in July and construction output grew more in the second quarter than first thought. coupled withM&Anews. The index rose during Thursday's session with a better than expected China's imports and exports data.Afall in GlaxoSmithKline Plc and Vodafone Group Plc capped the gains.

Nikkei opened on a negative note on the back of overnight losses in US markets due to strengthening Yen after slower-than-expected April-June Japan'sGDPdata. However, the index rose during friday's session on the back of overnight gains in the US markets on the back of better than expected US joblessclaims data along with better than expected China's CPI data. However, unchanged Boj monetary policy along with strengthening Yen capped the gains in the index.

Source : Equity Bulls

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