Markets Trade on a Flat Note

The Global Markets emanate mixed vibes this morning. U.S. stocks fell a fourth straight week, the longest slump in 15 months, as concern Europe’s debt crisis is worsening overshadowed rallies by commodity producers and a Group of Eight forecast for faster economic growth. European stocks fell for a fourth straight week as mounting sovereign-debt concern in Greece and Italy and the worst election defeat for Spain’s ruling Socialist Party in 30 years weighed on investor sentiment. This morning Asian stocks swung between gains and losses after reports showed consumer spending in the U.S. increased less than economists’ estimates and sales of previously owned homes fell. In commodities, Oil fluctuated in New York as speculation that fuel demand will increase after the start of the U.S. summer driving season countered concern that the economy of the world’s biggest crude consumer is slowing. Silver futures gained, after climbing last week by the most since February, and gold may extend its two-week rally as Europe’s debt crisis and accelerating inflation draw investors seeking to protect their wealth. Copper in New York fell for the first time in five days before reports this week that may show the economy is slowing in the U.S., the worlds second-largest consumer of the metal after China. The Indian markets after opening in green are witnessing a subdued trade as the day progressed. BSE Realty and Bankex were the top sectoral gainers, up 0.9% reach. From the realty pack, Sobha Developers gained 2%, DLF advanced 1.9% and Ackruti City surged 1.8%. Market breadth was positive 1103 stocks advanced for 439 stocks which declined.