Major indices in US rise on Monday - ZENMoney

In US markets, Major indicies rose as investors watched data to gauge the outlook for stimulus before a two-day Federal Reserve meeting that starts on Tuesday and as large deals boosted optimism. However, stronger economic data of late, including the November payroll report, led some to believe the tapering could come as soon as at the Fed's meeting this week.

On the European front, the British Bench mark rose due to better than expected economic data coming in from Euro zona along with gains in Aggreko on an upbeat profit outlook coupled with technical support following a recent sell-off and as investors awaited a Federal Reserve meeting starting on 17th December to gauge the timing of stimulus cuts.

Nikkei opened on a positive note during morning session on the back of overnight gains in the wall street on the back of rising US manufacturing output and a jump in euro zone business activity and ahead of FOMC meeting which starts on Tuesday. A strengthening Yen against US dollar limited the gains in the indicies further.

Source : Equity Bulls

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