Markets Trade in Green

The Global Markets gives out mixed clues this morning. U.S. stocks advanced this week, sending the Dow Jones Industrial Average above 11,000 for the first time since before the May 6 crash, on speculation the Federal Reserve will buy more debt to boost the economy. European stocks rose the most in four weeks as investors speculated that central banks may follow the Bank of Japan in providing more aid to stimulate their economies. This morning Asian stocks rose on speculation the U.S. Federal Reserve will join the region’s central banks in further stimulating economic growth, supporting a fragile global economic recovery. In commodities, Oil advanced for a second day in New York as the dollar fell against the euro after bigger-than- expected U.S. job losses spurred speculation that the Federal Reserve will buy more debt to boost the economy. Gold climbed to trade near a record and silver advanced to a 30-year high as a slump in the dollar increased demand for the metals as alternative assets. Copper, little changed, may climb for a second day on speculation that the Federal Reserve will increase measures to stimulate the U.S. economy, weakening the dollar and boosting demand for commodities as alternative investments. The Indian markets trade on a lacklustre note this morning. The main gainers this morning are the Metal, Oil & Gas and Realty indices gaining more than one percentage points this morning. The Sensex trades at 20,324.37 gaining 74.11 points or 0.37 percentage points. The Nifty trades at 6,127.20 gaining 23.75 points or 0.39 per cent. Market breadth is positive with 1,959 advances against 777 declines.