Friday, November 2, 2012

MARKET TO OPEN AND STAY IN POSITVE TERRITORY

Markets across globe closed in green. There were two big positive news. First America's consumer confidence has jumped to five year high and secondly China's manufacturing growth expanded in the last three months and the country is on the path of recovery. In the last three years China's manufacturing activities were subdued. Dow Jones, yesterday was up by 136 and NASDAQ by 43 points. Automobile manufacturers are likely to report very robust numbers for the month of October. Bank stocks are slowly recovering from rate cut blues and will lead the indices surge.

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