Wednesday, 29 March 2017

International Market Morning Update by Ripples Advisory

In International market S&P500 rallied for second consecutive day after Conference Board released its consumer confidence index which jumped to 125.6 in March from a revised 116.1 in February. The increase was surprising as economists expected the consumer confidence index to dip to 113.8 from the 114.8 originally reported for the previous month. The S&P500 index yesterday closed at 2358, the 2 day low of the index was at 2318 and is currently trading at 2352. German Index Dax yesterday closed at 12149 at its range high of 12150. The index is trading in a narrow range of 400 points from last 2 weeks from 12150 to 11830. MSCI Emerging market index is trading at 970, recently the index made high of 978.

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