MoneyVidya.com Morning Update, 01 July 2009
Published on Wednesday, July 1st, 2009 at 10:59 AMAuthor: MoneyVidya.com (168 Articles)
On Tuesday, participants sent all 10 major sectors in the S&P 500 into the red following the release of the June Consumer Confidence Index, which came in at 49.3 to miss expectations and mark a decline from the previous reading. Meanwhile, the Expectations Index also missed the consensus estimate and declined from the previous reading. The Dow closed 82.38 points lower (-0.97%) to end the day at 8,447. The index fell rapidly as it opened and then continued to lie low through the day. The NASDAQ closed 9.02 points lower (-0.49%) to finish at 1,835.04.
Most of the Indian ADRs ended in the red on Tuesday. Dr. Reddy’s (RDY) was the biggest gainer, up 0.19%, closing at $16.95. HDFC Bank (HDB) was the biggest loser, down 2.24%, closing at $103.13.
Disappointing US consumer confidence data affected the European markets as well. The UK’s FTSE closed 44.82 points down (-1.04%), ending at 4,249. Germany’s DAX closed 76.45 points down (-1.56%), ending trading at 4,809.
As of 9:45 am IST, the Asian markets were witnessing mixed results. While Japan’s Nikkei is currently trading 95.14 points higher, up 0.96%, the Hang Seng is currently trading 149.78 points lower, down 0.81%.
WTI Brent crude oil closed at $70.61 per barrel, up $0.72 (+1.03%). Nymex light crude August futures closed at $70.47, up $0.48 (+0.83%). August COMEX gold futures closed at $929.50 per ounce, up $2.10 (+0.23%).
As of 9:50 am IST, the Yen (¥) fell against the USD, by ¥0.43 to ¥96.75. The Euro (€) rose €0.0003 to €0.7123 against the dollar. The Pound (?) fell ?0.0001 to ?0.6077 against the dollar.
The rupee rose by Rs. 0.20 to Rs. 47.90/91 on Tuesday, against the greenback.
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