Personal Finance

Financial Market Review

Indian equity markets trading flat as investors stayed on the sidelines in a holiday-truncated week. They also looked forward to U.S. Federal Reserve”s 2-day policy meeting, ending May 1, 2019, and U.S. payroll data, scheduled to be released on May 3, 2019.

Asian equity markets were mixed after China reported a slower pace of factory activity for Apr 2019. This made investors worry over slowing global growth. Investors also looked forward to a series of economic data from Europe, the U.S. Federal Reserve”s (Fed) monetary policy decision and the latest developments on U.S.-China trade front. Today (as of May 2), Asian markets opened on a mixed note after the U.S. Fed indicated that it is not currently considering a cut in interest rates.

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As per the last close, U.S markets on a lower note after U.S. Fed’s Chairman dashed investors’ hopes of interest rate cut in the near-term. Weakness in energy, steel, software and gold stocks weighed on the indices.

 

Disclaimer
Although this report is based upon sources we believe to be reliable, we do not guarantee its accuracy or completeness. Unless otherwise stated, all statements, tables, figures, graphs and other information included in this report are as of the date of this report and are subject to change without notice. The contents of this report are not intended in any way to indicate or guarantee future investment results. Further, this report is not intended as a solicitation or recommendation with respect to the purchase or sale of any particular investment.
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Categories: Personal Finance

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