yatheendradas c.k.
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Yatheendradas C.k. at 08:43 AM - Aug 25, 2015 ( ) Views: 435

Our Markets seen to open positive today following the mixed trend seen in the Asian Markets.

At 08:45 am SGX Nifty futures were trading 123.00 pints up  at 7919.00 points indicating a gap up opening of our Markets.

 

LastChgChg %HighLow
  7,919.00 +123.00 +1.55% 8,553.50 8,399.50
 
China's 'Black Monday' sends markets reeling across the globe . 

Investors Grasp for Answers Amid Wild Stock Rout. Investors try to assess whether selloff is just a short-term pullback or a signal of deeper trouble


European stocks plunged Monday, joining in a selloff in global equities spurred by worries that China’s economy is slowing down more than anticipated. Stoxx Europe 600  dropped 5.3% to close at 342.01. In Frankfurt, the DAX 30 DAX,  fell 4.7% to end at 9,648.43, marking the first time since January it’s been below 10,000. In other markets, the U.K.’s FTSE 100   lost 4.7% to 5,898.87 for its biggest loss since March 2009. France’s CAC 30   dropped 5.4% to end at 4,383.46, suffering its worst drop since November 2011.





 U S :Trading in Stocks, ETFs Was Halted More Than 1,200 Times Early Monday. Increase or decline of 5% or more triggers a five-minute pause in trading. U.S. stocks tumbled on Monday, with the Dow Jones Industrial Average dropping to an 18-month closing low in a tumultuous trading session that saw the blue-chip benchmark briefly plummet more than 1,000 points. The Dow industrials ended down 588.40 points, or 3.6%, to 15871.35, its lowest closing level in 18 months.The S&P 500 dropped 77.68 points, or 3.9%, to 1893.21, joining the Dow industrials in correction territory, defined as a decline of 10% from a recent peak. The Nasdaq Composite fell 179.79 points, or 3.8%, to 4526.25.



Oil prices plunged to fresh six-year lows Monday on concerns about a slowdown in Chinese demand and growing crude-oil supplies in the U.S. U.S. light crude closed down $2.21, or 5.5 percent, at $38.24 a barrel, which was the lowest since February 2009. Steep losses last week capped the contract's longest weekly losing streak since 1986.Brent crude was trading down $2.70, or about 6 percent, at $42.80 a barrel, after hitting a session low of $42.51, its weakest since March 11, 2009.

 

Gold turned lower on Monday, as the dollar pared losses. Spot gold was down 0.7 percent at $1,152.45 an ounce, after rising to $1,167.50 an ounce. U.S. December gold futures settled down 0.5 percent at $1,153.60 an ounce.

Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver fell 4.8 percent to the lowest since Aug. 6 at $14.57 a ounce.


Dollar index at lowest since end-January. The U.S. dollar fell 2.5 percent to its lowest since the end of January before paring losses


Asian markets are mixed today as Japanese and Hong Kong shares show gains. Chinese stocks continued to fall, though elsewhere in Asia stocks returned to gains. The Shanghai Composite is down 3.12% while the Hang Seng is up 2.64%. The Nikkei 225 is  trading positive at 1.10%. The gains came despite the losses in Europe and the US over night.


 


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