On Monday, the Japanese government bond futures saw a fall, which led to its thinning further from a two month high. After the US government put forward the decision to support the mortgage lenders, the Tokyo shares rose and Treasuries fell.
The troubled mortgage giants Fannie Mae and Freddie Mac on Sunday were offered help by the U.S. Treasury and Federal Reserve when the latter two offered its emergency cash to the former two. The U.S. Treasury and Federal Reserve said that to build the investors confidence, they will buy shares in the companies.
Indian stock markets opened flat on Monday and NSE Nifty touched an intraday high of 4072 till 11.30 am. NSE Nifty touched an intraday low of 4004. At 11.40 am, stock markets were trading flat.
After ending the week with a loss of 456 points on Friday (July 11) at 13,469.85, the 30-share index, Sensex today (July 14) opened negatively at 13,322, down 142 points as investors brace for another round of monetary contraction after inflation climbed up to around 12%, and a mixed Asian market providing little comfort.
13,469.85, the 30-share index, Sensex today (July 14) opened negatively at 13,322, down 142 points as investors brace for another round of monetary contraction after inflation climbed up to around 12%, and a mixed Asian market providing little comfort.
New York - Major US stoc
