Markets Trade on a Subdued Note

The Global Markets opened mixed this morning. U.S. stocks rose, rebounding in the final minutes of trading, as data showing retail sales beat estimates helped equities withstand a surge in Treasury yields. This morning Asian stocks fell, dragging down the MSCI Asia Pacific Index from a 2 1/2-year high, as U.S. and Japanese central-bank reports cast doubt on the strength of the global economic recovery. European stocks climbed for a seventh day, their longest winning streak in almost six months, as better-than-forecast retail sales in the U.S. offset declines in basic-resource shares and car makers. In commodities, Oil dropped for a second day in New York on speculation stimulus measures in the U.S. will strengthen the dollar, limiting the appeal of commodities to investors. Gold, little changed, may decline in Asian trade as signs the U.S. economic recovery is gaining strength boosted the dollar, reducing the precious metal’s appeal as an alternative asset. Copper rebounded in London, trading within 0.2 percent of a record, on expectation that supply will lag behind demand as the global economy extends a recovery. The Indian markets opened on a subdued note this morning to trade in red this morning. Banking and Realty indices are the main draggers this morning declining more than one percentage points. Market breadth is negative with 1,235 advances against 1,282 declines. The Sensex trades in red at 19,727.46 declining 71.73 points or 0.36 percentage points. Nifty trades at 5921.45 declining by 22.65 points or 0.38 percentage points.