Major indices in US closed in losses - ZENMoney

In US markets, Major indices closed in losses on Wednesday's session as political wrangling in Washington raised investor concerns that the stoppage could be prolonged along with fewer-than-expected September private employers data. However, The index ended with gains during Tuesday's session as investors viewed the pullback as a buying opportunity in the absence of an extended shutdown. The gains in Nasdaq were supported with a rise in Apple shares on news that billionaire activist investor Carl Icahn "pushed hard" for a share buyback.

On the European front, the British Bench mark closed on a negative note on Wednesday due to a weak trading update from Tesco and with concerns over a US government shutdown. The market ended flat on Tuesday as weakness in the gold price and poor sales from Unilever along with a partial shutdown of the US government.

Nikkei opened on a negative note during morning due to overnight fall in US markets on US political worries along with a strengthening Yen against US dollar. The index fell during Wednesday's session after Prime Minister Shinzo Abe's stimulus package unveiled the previous day offered little impetus for fresh buying. A strengthening Yen Against US Dollar added further pressure on the indices.

Source : Equity Bulls

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