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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 29th Aug 2016

Published on Aug 29th 2016


Indian markets are likely to open flat with negative bias tracking SGX Nifty. US stocks ended modestly lower after volatile session on Friday having bounced between gains and losses as investors wrestled with likely timing of US rate hike following comments from top Fed officials. SP 500 rose after Fed Chair Janet Yellen said case for raising rates had strengthened but did not indicate when Fed would act. Yellen told that US economy was nearing central banks goals of maximum employment and price stability but that future hikes should be gradual. Stocks later traded lower after hawkish comments from Fed Vice Chair Stanley Fischer raised possibility of rate hike as soon as next month. FTSE 100 closed up following bout of volatility as traders digested Fed boss Yellens remarks on future US rate moves. Londonlisted miners Rio Tinto and Glencore rebounded following poor performance in recent sessions. Restaurant Group was among biggest risers on the FTSE 250 despite reporti

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