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Market Outlook - 03rd Jun 2016

Published on Jun 03rd 2016

IT

Indian Markets are expected to open on a Positive note tracking the SGX Nifty and Global Markets. US Markets closed higher Thursday as oil prices rebounded from its lows and job data indicated a tightening labor market. Oil prices came under pressure after OPEC countries failed to reach an agreement to cap oil production but later recovered after Energy Information Administration said that stockpiles and production both declined. Markets also improved on reports from payroll processor ADP where employment rose by 173000 jobs in May against 166000 in April and on decline in Initial Jobless Claims. European markets ended Thursdays session on a mixed note. Oil and gas shares were the top losers as OPEC failed to change its output policy. Markets awaited announcement from ECB where interest rates as expected were kept low and quantitative easing was left unchanged. Indian shares rose on Thursday on late rally by index heavyweights. Markets also reacted positively to comme

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