US Markets rise on better than expected jobless claim data - ZENMoney

In US markets, Major indicies rose on better than expected US Jobless Claim data along with upbeat data from the China and Germany. The upside in the indicies were capped with nervousness over the winding down of the Federal Reserve's stimulus program along with a fall in Hewlett-Packard after reporting a decline in the Enterprise Group's revenue. Trading was halted on the Nasdaq shortly after noon on Thursday because of technical problems.

On the European front, the British benchmark indices rose due to a rise in mining stocks on better than expected HSBC Flash August China Manufacturing PMI data to 50.1 along with Germany PMI data. The lingering negative sentiment surrounding expectations that the US Federal Reserve may start next month to tighten monetary policy measures capped the upside in the indicies.

Nikkei opened on a positive note during morning session on the back of overnight gains in US market on the back of data coming in from China and Germany. The gains in the exporter shares on the back of weaker Yen after the minutes of the Federal Reserve's July meeting indicated support for tapering along with the upbeat euro zone data supported the indices further.

Source : Equity Bulls

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