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Market Outlook - 19th May 2016

Published on May 19th 2016


Indian markets are expected to open in negative tracking SGX Nifty and Asian indices. U.S markets erased gains to close off session highs on Wednesday after the Federal Reserves April meeting minutes revealed most members are ready for a rate hike as early as June. While the Nasdaq and SP 500 closed higher the Dow Jones ended slightly lower The European markets closed mostly higher on Wednesday as investors reacted to volatile oil markets and awaited the minutes of the latest Federal Reserve meeting. Indian markets fell on Wednesday mirroring weak global cues as a string of optimistic data prints out of the U.S. and hawkish comments from three Federal Reserve officials brought the issue of interest rate rises in the U.S. back into focus.

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