Major indices in US end in red on Friday - ZENMoney

On the US markets, major indices ended the day in the red as weakness in technology shares outweighed gains in other shares spurred by relief a premature pullback of central bank stimulus measures was unlikely. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment was 84.1 points, slightly below a near six-year high of 84.5 in May.

On the European front, the British benchmark indices fell as technology companies retreated and a measure of business activity in the US fell more than economists had projected.Amoderate rhetoric on stimulus from Federal Reserve officials supported the market at lower levels. However, the concerns about when central banks would stop pumping money into the markets pushed the indices lower.

Nikkei opened the session on a positive note and seesawed between gains and losses on the back of China's June PMI data which was 50.1 along with uncertainty about China's economic outlook triggered selling of shares in companies that do a lot of business in China, including Fanuc Corp.

Source : Equity Bulls

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