Major indices in US rise marginally - ZENMoney

In US markets, Major indices rose marginally with better than forecasted GDP data along with a drop in US weekly jobless claim data. Talks that could lead to a major deal in which U.S. phone company Verizon buys the part of Verizon Wireless it doesn't already own from Vodafone helped push stocks higher. However, the uncertainty over possible military action against Syria continued to pressure markets.

On the European front, the British Bench mark rose on a jump in Vodafone Group Plc to an 11-year high after saying Verizon Communications Inc. is in talks to acquire its stake in their Verizon Wireless venture and after better than expected US GDP data along with a drop in US jobless weekly claims data.

Nikkei opened on a positive note during the morning session on the back of overnight gains in US markets along with better-than-expected US and local economic data. A strengthening US dollar against Yen supported the rise further However, The morning session ended in red on uncertainty over the stability of emerging markets persisted and the possibility of a military strike against Syria remained a concern despite indications a delay might be in the offing.

Source : Equity Bulls

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