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Showing posts with the label : RTTNews Market Analysis; June 13

Positive Data May Tone Down Negative Sentiment: RTTNews Market Analysis; June 13, 2013.

Market Analysis Positive Data May Tone Down Negative Sentiment The major U.S. index futures are pointing to a lower opening on Thursday, with sentiment recovering from the extreme negativity that was perceptible for much of the overnight session following the release of some better than expected domestic economic data. Retail sales growth was stronger than expected and jobless claims unexpectedly fell- pointers towards the economic momentum that is intact despite remaining feeble. That said, earlier in the day, the World Bank issued a muted forecast for the global economy, which set in motion a steep sell-off in the Asian markets and later in the European markets. Though the domestic markets may attempt to claw back some of the losses in the past three sessions, the major averages may be confined in recent trading ranges, given the uncertainty surrounding the economic outlook