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International Market Morning Update: by Ripples Financial Advisory
Last week in international market S&P500 took support of its 6 week low of 2313 and rebound from 2318. The index yesterday closed at 2357 after making a new weekly high of 2367. The based rally happened after traders experience better than expected data's in US market, Quarterly GDP data was registered at 2.1 were expectation was at 2. Similarly labour market data and housing data also gave huge positive outlook in market.
German Index Dax continued to trade above its breakout level of 12150 and is heading towards its all time high of 12454. Last week 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 yesterday closed at 958. Recently the index made a high of 979 and recent low was at 917.