Indian Stock Market

Global Market Analysis (24-09-07 to 28-09-07):

1)    =   US & EU Markets:

=B7 = ;        For the week, US Market en= ded flat with S&P 500 gained 0.07 %, DJIA added 0.57 % and Nasdaq climbed 1.15 %.

=B7 = ;        According to data compiled= by the Stock Trader’s Almanac going back to 1950, U.S. stocks can advance in the October to December period, if we go by the historical data. The S&P 50= 0 has bigger gains on average during the fourth quarter than at any other tim= e of the year. The index has posted gains in 11 of the past 12 fourth quarters. =

=B7 = ;        The European Central Bank&= #39;s interest-rate decision and reports on manufacturing and service industries = in Europe may move stock markets next week. Earnings from Tesco Plc may also affect markets next week.

=B7 = ;        The European Central Bank = will leave the benchmark refinancing rate unchanged at 4 %, as per the median estimate of 44 Economists surveyed by Bloomberg.

 2)    Asian Markets:

=B7&nb= sp;        Asian stocks climbed this = week and ended the week by gaining 2-5%, driving a regional benchmark to a record, o= n speculation the U.S. Federal Reserve will trim borrowing costs to help aver= t a recession in the world’s biggest economy.

• Japan’s Nikkei 225 St= ock Average fell, led by domestic demand-oriented shares, on signs the world’s second-large= st economy is faltering after unemployment unexpectedly rose and consumer prices dropped for a seventh month.

 =

3)       Emerging Markets:

= =B7 =         China’s CSI 300 Index = rose to a record, rounding out its best quarterly performance to date, after a newspaper repo= rt showed the central bank has raised its economic growth forecast for this ye= ar.

= =B7 =         Emerging markets performed= best in the week gaining 2-4% except Mexico.

4)          = Commodity Markets:

 =

= =B7 =         Gold rose, extending a ral= ly to the highest price since January 1980, as the declining value of the dollar = and surging energy costs boosted the appeal of the precious metal as an alterna= tive investment. Silver also gained.

 

 

 5)    Currency Markets:

 

• The dollar fell to a reco= rd low against the euro for a seventh straight day as slowing inflation encouraged trader= s to speculate that the Federal Reserve will cut borrowing costs a second t= ime this year.

 

  6) Bond:

=B7 = ;        Asian bond sales plunged 7= 5 % in the third quarter, the biggest fall in six years, as losses sparked by defa= ults on U.S. subprime mortgage securities prompted investors to shun all but the most creditworthy borrowers.

Global Market Statistics 280907.pdf