Major Indices in US markets rise on strong auto sales - ZENMoney

In US markets, Major indicies rose as a possible military action in Syria was seen as limited along with strong auto sales. The market further supported after Federal Reserve's "Beige Book" report said that the economy maintained a ?modest to moderate? pace of growth and after shares in the Middle East sank as the US moved closer to a military strike against Syria.

On the European front, the British Bench mark rose after a stronger open in the United States but dogged by an airline sector weakened by a profit warning from budget carrier Ryanair. The gains in the Vodafone with traders attempting to ascertain fair value for the stock after it sold its holding in a joint venture with Verizon, supported the upwards in the indices.

Nikkei opened on a positive note during the morning session on the back of overnight gains in the US markets on uncertainties about the timing of a US military strike on Syria and amid optimism for the US economy along with a weaker Yen against US dollar. However, The indicies are cautious ahead of a Bank of Japan policy decision which is scheduled during todays session.

Source : Equity Bulls

Keywords