Chanakyanipothi.com is India`s Oldest & most Trusted Investment Blog.
Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 20 Years
Now Chanakya`s own YouTube Channel
To get notifications of New Video Analysis,click Subscribe on Channel
This Review & analysis of US stock market & Asian Stock Markets is being updated every day regularly by 8 in the morning.
Review of US stock Market
Dow jumps more than 200 points to 28,000
The DJIA rallied to record levels on Friday, reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow indicated China and the U.S. are close to reaching a trade deal.
The 30-stock average closed 222.93 points higher, or 0.7% at 28,004.89. It took the Dow just over four months to go from 27,000 for the first time to 28,000.The S&P 500 and Nasdaq Composite made new all-time highs as well, climbing 0.8% to 3,120.46 and 0.7% to 8,540.83, respectively.
There’s quite a bit of optimism that we’re going to get a deal which would take away some of the uncertainty off the table.
Kudlow, the National Economic Council director, said that a deal between the two nations was approaching, highlighting constructive discussions with Beijing. His comments came after multiple reports suggested both sides were at loggerheads over the terms of a phase one trade agreement.
Investors also digested mixed data on the U.S. consumer. Retail sales grew by 0.3% in October, topping an estimate of 0.2%.
Analysis of Asian Markets
Asia stocks mostly higher
Asia markets were mostly higher on Friday, as investors digested recent developments on U.S.-China trade.
The Nikkei 225 in Japan rose 0.7% to close at 23,303.32 .South Korea’s Kospi closed 1.07% higher at 2,162.18 . Hong Kong’s Hang Seng index closed largely flat at 26,326.66, as shares of life insurer AIA gained 0.79%.The S&P/ASX 200 in Australia gained 0.87% to close at 6,793.70 as the heavily weighted financial subindex rose 0.51%.
Mainland Chinese stocks, on the other hand, declined on the day. The Shanghai composite was 0.64% lower to around 2,891.34
Overall, the MSCI Asia ex-Japan index was 0.56% higher.
For Short term Equity Calls, Subscribe to our magazines Chanakya English or Chanakya Gujarati ( Profitable Reading for every stock-market Investor & Trader ) http://chanakyanipothi.com/shop/
To get Insight of Nifty Trend & the World Markets ,Click: Market Analysis
To Read Long Term Investment Calls,Click : My Investment Choice
Do Take benefit of this Blog`s Unique feature : Question & Answer ?
Interested in Our Other Ventures ??
( Only Platform for buying or selling of Used Commercial Vehicles, Taxis & Construction Equipments )
(No. 1 Platform for Overseas Jobs,Household Jobs,Drivers & SME Jobs )