Friday, 26 May 2017

International Market Morning Update by Ripples Financial Advisory

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In International markets, S&P500 has given breakout of its all time high of 2401 and is currently trading at 2408. The market rallied after Fed minutes where members said, it would be prudent to await additional evidence indicating that the recent slowing in the pace of economic activity had been transitory before raising rates. The minutes of the meeting identified that growth in economic activity had slowed.

German Index Dax yesterday closed at 12643, recently the index made a low of 12489.

MSCI emerging market index is trading at 1011, recently the index made a low of 984. If index trades above 1015, we might see big movement upside.

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