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Market Outlook - 01st Jun 2016

Published on Jun 01st 2016

IT

Indian Markets are expected to open on a flat note tracking the SGX Nifty and Global cues. US Markets closed on a mixed close as traders shrugged off the data from the commerce department which showed that the US consumer spending rose by 1% in May while Conference Board survey showed its consumer confidence index fell to 92.6 in May from 94.7 in April. Major European markets ended lower on Tuesday on mixed reaction to economic reports from Europe which showed that Eurozone consumer prices dropped in May while the unemployment rate was stable. The fears of Britain exiting the European Union weighed down on European markets. Indian markets edged down yesterday after five consecutive sessions of gains as investors took profits while remaining cautious ahead of annual GDP numbers which were to be released later in the day.

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