Global Markets Update for June 2019
I could have written – US markets are up and all Asian markets and European markets are UP for the June 2019
Have taken the Pain, so that you know the Index name and from next few months down the line you do it yourself!
US Markets
Dow Jones
Dow Jones Index after seeing downside of 7 % in May, as taken a complete U turn in June –it’s a 7.5 % Upside for the month
It has closed at an all-time high of 26672 Price
With Trade War – Interest rate cut in US by Federal Reserve, G20 Meet
US Markets are trading near 18 month high!
European Markets
UK markets (FTSE) is UP 4 % for the month
France markets (CAC) is UP 6.5 % for the month
Germany markets (DAX 30) is UP 6 % for the month
Asian markets
China Shanghai is UP 2.5%
Japanese Markets (Nikkei) up 4.5 % for the month
Singapore Markets (Straits Times) up 6.5 % for the Month
Hong Kong (Hang Seng) up 6 % for the month
Taiwan Index is up 2 %
South Korea Kospi Index is up 4.5 %
Thailand Index SET is 6.5%
Australia S&P ASX is up 4.5 %
Time to Think – INDIA INDEX
Nifty is down 1.5 % for the month
Sensex is down 1 %
Bank Nifty is down 1 %
Major Events
US GDP for 1st Quarter was at 3.1 %
UK GDP was at 1.8 % for the 1st Quarter
Next Week
US markets would be off for a day on account of their Independence Day
Coming to Our Markets (India)
4th July Economic Survey would be released
5th July Budget
From 1st to 5th Automobile Sales data
PMI Manufacturing and Service data would be released
G20 Event Reaction would be on Monday
India’s current account deficit (CAD) widened to $57.2 billion, or 2.1% of GDP, in FY19 from 1.8% a year ago, the Reserve Bank of India (RBI) said on Friday, amid a general slowdown in the economy.
CAD is one of the key indicators of an economy’s health and measures the difference between the value of the goods and services a country imports and the value of its exports
India also reported a fiscal deficit of ₹3.66 trillion during the first two months of the current financial year
The Centre has pegged fiscal deficit—the difference between the government’s revenue and expenditure—at 3.4% of the GDP for this fiscal year, the same as in 2018-19
On July 5th – Major Data to look is Fiscal Deficit!
Index is trading at high levels, however there are number of stocks trading way below their high price
Always Track Few Stocks and Expertise
Trade From Savings Money
Trade Less
Invest Regularly
Sagar U.S
Small Aim is A Crime
