Major US indices fell due to mixed US data - ZENMoney

In US Markets, Major Indicies fell due to mixed US data along with concerns that the Federal Reserve may begin to scale back its bond-buying stimulus while the economy is still sluggish. However, markets remained nervous ahead of a more important monthly payrolls report due on Friday.

On the European front, The Britishbenchmark fell after comments from US Federal Reserve officials which intensified expectations thta the Fed's monetary stimulusmaybe reduced. The indices were further pressurised after an ease in euro zone's May business activity data and April retail sales pointed to weak consumer demand.

Nikkei in the morning session opened on a negative note on the back of disappointing US private jobs data which prompting retail investors to buy dipping stocks in the hope of a technical rebound.Astrengthening Yen against dollar along with growing uncertainty over Federal stimulus programme continued to pressurise the index.

Source : Equity Bulls

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