Major indices rebound in US markets - ZENMoney

In US markets, Major indicies rebounded as earnings from Best Buy and TJX Cos helped buoy retailers and consumer discretionary stocks. Investors have been grappling with uncertainty over when the Federal Reserve might begin to wind down its stimulus measures. The market is catious ahead of Fed Reserve Mins of meeting scheduled on Wednesday for further cues. The fall in HomeDepot shares kept the Dow downwards.

On the European front, the British benchmark indices fell due to a fall in miners on the back of a lower-than-expected BHP Billiton's profit along with a write-down on Glencore Xstrata assets. The persistent concerns of a reduction in US economic stimulus measures along with profit booking pushed the indicies further downwards.

Nikkei opened on a positive note during morning session with a rebound in US markets along with buying back stocks after the indicies slid more than 300 points on Tuesday and with a pause in the rise in US long-term interest rates. However, the market slid to negative terrance on persistent concerns that the US Fed Reserve will start tapering its stimulus soon, ahead of Fed minutes meeting along with strengthening Yen.

Source : Equity Bulls

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