US markets hit new all-time highs - ZENMoney

In US markets, Major indicies rose due to better than estimated Morgan Stanley's earnings along with a fall in US jobless claims data and a jump in regional factory activity. The indicies were further supported as the Federal Reserve again reassured investors that it was flexible on the timing for ending its stimulus program.

On the European front, the British benchmark indices rose due to bullish economic data in Britain and as US calmed fears that the global economy may not be ready for a wind down in stimulus. The catalyst for the late gains was the improved US weekly jobless claims data and an above-forecast reading on business sentiment in the U.S. Mid-Atlantic region.

Nikkei opened on a positive note during the morning session due to overnight gains on Wall Street coupled with a weaker yen against US dollar and as sentiment rose after more reassuring comments overnight from Federal Reserve Chairman Ben Bernanke. However, the indicies fell due to Future selling along with catious prevailed ahead of Sunday's upper house election.

Source : Equity Bulls

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