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Market Outlook - 07th Jun 2016

Published on Jun 07th 2016

IT

Indian Markets are expected to open in green tracking SGX Nifty Global Markets. U.S. stocks closed higher on Monday with energy stock leading as oil rose after comments from Fed remained positive on economy while omitting specific reference to the timing of rate hike. Dow Jones was up 113pts higher off the session highs with 3.6% rise seen in Boeing stock on potential 100 jet order from Iran Air. SP 500 closed at its highest since Nov. 3 and 1.1% below its 52week intraday high set last July. Energy jumped about 2% in its best day since April as U.S. crude oil futures settled at their highest since July. U.K. stocks climbed up led by gains seen across mining shares while the pound touched 3week low after polls showed the Brexit campaign gaining ground. Shares in Anglo American jumped 11% and Glencore was 6.2% higher. Mining shares were lifted by rising metal prices which were boosted by the fall in the value of the dollar following Fridays weakerthanexpected

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