Equitymaster submits: The Indian stock market opened on a strong positive note today, on the back of better than expected results by software major TCS. However, soon after the opening bell, things took a turn for the worse, and the markets traded below the dotted line. The Indices could not recover much after that and ended the day, and consequently the week, on a negative note. The BSE-Sensex closed 2% lower this week.
WASHINGTON – The United States economy likely expanded slightly in the fourth quarter, according to data on Friday that suggested a surprise drop in GDP reported by the government last week was overstated.
The U.S. trade deficit narrowed to its lowest point in nearly three years in December on a drop in oil imports and a surge in exports.
Trade data for December paint a reassuring and encouraging picture of the U.S. economy at the end of last year
The Simple Accountant submits:The risk-off trade appeared to temporarily have run its course last week, as several major indexes and asset classes approached long term support levels. Let's look back at the week's action, and consider what may lie in store for us in the week to come.
Week in Review