Major indices in US rally - ZENMoney

In US markets, Major indicies rose with a rally in energy stocks and world oil prices on concerns about supply as the United States and its allies appeared to edge closer to attacking Syria. The downbeat US pending home sales data for the month of July had sligthly impacted the indicies.

On the European front, the British Bench mark fell as tension mounts over Syria and the likelihood of a Western intervention. However, energy stocks supporting the market after an oil price spike Stock market reaction was mixed after new Bank of England governor Mark Carney recommitted to an extended period of lower rates and said he could pump more money into the British economy.

Nikkei opened on a positive note during the morning session on the back of overnight gains in US markets with a rally in energy stocks and world oil prices on concerns about supply as the United States and its allies appeared to edge closer to attacking Syria. A weaker yen against US dollar supported the rise further.

Source : Equity Bulls

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