Dow ends marginally down - ZENMoney

In US markets, Dow ended marginally low while other indicies ended positive as investors analyzed FOMC's last meeting for signs on when the central bank might slow the pace of stimulus efforts. Financial companies lost after US regulators proposed a plan that said the eight largest firms would need to retain capital equal to at least 5% of assets. Investors appeared to be more encouraged by a speech from Fed Chairman Ben Bernanke that was delivered after the market closed.

On the European front, the British benchmark indices fell marginally due to disappointing Chinese trade data which raised fresh concerns about the pace of growth in the China. Investors traded cautiously ahead of the release of the minutes from the latest Federal Reserve meeting and a speech by the Fed Chairman Ben Bernanke. Arally in luxury brand Burberry and supermarkets supported the indicies at lower levels. Banks supported after Moody's ratings agency lifted the British banking sector outlook to "stable" from "negative".

Nikkei opened the morning session on a negative note due to a weaker dollar against basket of currencies along with a mixed close at US makets. The drop came ahead of the Bank of Japan's monetary-policy decision later in the day, where the central bank is expected refrain from adding to its stimulus. However, The comments from Federal Reserve chief Ben Bernanke supported the market at lower levels.

Source : Equity Bulls

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