Tuesday, 16 May 2017

International Market Morning Update by Ripples Financial Advisory- 16th May 2017

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In International Markets yesterday S&P 500 made new record high of 2401 and is currently trading at 2396. If the index trades above 2400, we might see new buying coming in the international market. Today’s economic reports on new residential construction and industrial production will be announced for the month of April. Housing starts are expected to climb to an annual rate of 1.260 million, while industrial production is expected to rise by 0.3 percent.

German index Dax the made new record high of 12832 and closed at 12807. The index has recently given breakout of its all-time high of 12456.

MSCI Emerging Market Index is currently trading at 1010, the index has been rising from last 3 months. The index was trading at 689 on 1st Jan 2017.

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