Weighed down by concerns about the slowing Chinese economy, Hong Kong struggled before posting slight gains when Mainland stocks rebounded from early losses.
Wall Street sagged in mid-day trading today but was able to retake some ground before the closing bell. The Dow managed to eek out a gain, while the Nasdaq and S&P 500 came close.
Intraday suggestion-
MCX Copper April: Sell around 436 levels with a stop loss placed above 440 levels for targets of 431 levels.
Get more here @ http://commodity-intraday.blogspot.com
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Concerns of slow down of China economy growth which might depress corporate earnings, coupled with other concerns will continue to hurt the market sentiment in the near term.
SINGAPORE: Brent crude extended losses toward $124 a barrel on Wednesday after the U.S. central bank dashed hopes of further economic stimulus, while news that Saudi Arabia is likely to keep output high in the event of a strategic stocks release also weighed.
MCX CRUDE OIL TREND, MCX COPPER TREND, MCX GOLD SILVER TREND TIPS. SUPPORT RESISTANCE LEVEL FOR 7 JULY 2012.Sell MCX Gold at 29660 Place a stop loss of 29720, & Target between 29450-29400. Sell MCX Copper at 429, with Stop loss of 431 and Target of 426-425.Source :- http://live-mcx.blogspot.in/
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The rise of online shopping is helping shipping companies to have some of their best days yet. Its continued growth in the coming years my help negate some losses from broader economic weakness.
Hong Kong stocks posted a slight rise in weak turnover after U.S. market erased early losses. Chinese oil producers gained on the back of rising oil prices.
The housing market in the US has battled very challenging market conditions, but opportunities for good investments could outweigh the risk of further losses for the coming year.
Stocks closed flat after recovering from early losses as Wall Street watches the first trading week of 2012 closely for any indication of the January Barometer.
U.S. stocks were able to shake-off the morning dip caused by more bad news from Europe, thanks mostly to investors shopping for discount opportunities in the market.
Stocks went through a volatile day of trading as investors await tomorrow's key jobs numbers. Wall Street managed to recoup earlier losses to end flat.