US Markets end the week with decent gains - Eastern Financiers

US Markets ended the week with decent gains after the US Federal reserve signaled that the economy has embarked on a steady recovery and would be requiring lesser of the monetary stimulus, going forward. The Dow Jones Industrial average ended at 16221.14, up 456.78 points or 2.96 percent. While the the broad-based S&P 500 inched up 2.42 percent to close at 1818.32, the tech-rich Nasdaq index climbed 2.59 percent to conclude trade at 4104.74.

European indices ended the week in green as investors bought equities on the back of good economic data. The Germany's DAX emerged as the biggest regional gainer, moving up 4.37 percent to end at 9400.18. While the FTSE-100 gained 2.59 percent to shut shop at 6606.58, the CAC gained 3.30 percent to draw curtains at 4193.77.

Asian markets ended mixed as the announcement by the US Federal Reserve to start cutting back its monetary stimulus created doubts amongst investors about the future course of fund flows into the emerging markets. While the Sanghai was the biggest loser, shedding 5.07 in the week's trade, the Hangseng also shrugged-off close to 2-percent to finish at 22812.18. All the other major regional indices gained between 0.38-3.03 percent.

Source : Equity Bulls

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