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Friday, December 2, 2016

TEN GLOBAL DATA THAT MAY GIVE FILLIP TO INDIAN STOCK MARKETS

This week brought about a stew of encouraging economic data from different countries around the world. Although all eye are set on US jobs growth report it would not be wrong to say economies moved gracefully in Nov 2016.

Let us check out the top ten positive macroeconomic numbers that may boost Indian Stock markets.

1. China Manufacturing purchasing Index rose to 51.7 beating market expectations.

2. US Manufacturing data expanded at the fastest pace in last five months.

3. US consumer sentiment at the highest level of this year. Bloomberg consumer comfort Index that ended 27Nov to 44.9 from 44.8.

4. Jobs growth in EURO ZONE

5. Acceleration in Industrial output in EURO ZONE.

6.Canada GDP grow 3.5% during 3rd qtr.

7. South Korea Exports rose 2.7%^ year on year basis in Nov after 3.2% decline in Oct 2016.

8. Japanese Corporate profits rose 11.5% in July- Sep Qtr.

9. PMI reading by HIS Market for Austria-Netherlands and Russia are both at highest level.

10. PMI for Spain-Italy-France-Germany although unevenly but slowly improving.

 Source ET-Dec2




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