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International Market Morning Update: By Ripples Financial Advisory
Last week, S&P500 took support of its 6 week low of 2313 and rebound from 2318. The index on Friday, closed at 2357 after making a new weekly high of 2367. The rally happened after traders experienced better than expected data's in US market, Quarterly GDP data was registered at 2.1, where expectation was of 2. Similarly labour market data and housing data also gave huge positive outlook to markets. German Index Dax continued to trade above its breakout level of 12150 and is heading towards its all time high of 12454. On Friday the index closed at 12312.
MSCI Emerging market which is a mixed bag of emerging markets index has given correction of almost 10 points and on Friday closed at 958. Recently the index made a high of 979 and recent low was at 917.
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