Four out of five major Asian Indices ended in negative territory today. The China’s Shanghai Composite Index inched up 0.02 percent, Singapore’s Straits Times index shed 0.2 percent, Hong Kong’s Hang Seng Index lost 0.13 percent, South Korea’s Kospi marginally down by 0.03 percent and Japan’s Nikkei fell 0.85 percent.
All three European major Indices are in Red today. Germany’s DAX slid 0.61 percent, U.K.’s FTSE -100 decreased by 0.4 percent and France’s CAC- 40 also trading at 0.46 percent down when reports last came in.
U.S. stocks ended with slight gains yesterday, sending the S&P 500 and Nasdaq to record levels, as investors assessed the latest comments from Federal Reserve officials for clues on the timing of a rate cut.
The Nasdaq gained 0.22 percent, the Dow Jones Industrial Average rose 0.18 percent and the S&P 500 increased by 0.25 percent.
Gold and silver prices declined today in the futures market. The precious metal for the June contracts was lower by 241 rupees trading at 73,780 rupees per ten grams. Silver futures for July contracts were also down by 735 rupees to trade at 93,990 rupees per kilogram when the reports last came in.
In the global markets, gold was trading lower at 2,436 dollars and 40 cents per ounce on Comex. Silver was trading down at 31 dollars and 65 cents per ounce in the intra-day session.
