Sunday, 3 August 2014

.update

In the US markets, stocks declined on Friday, with the S&P 500 recording its worst weekly loss since June 2012, as momentum from the prior day's rout remained in play. Onto the US jobs data details, the US economy added 2.09 lakh jobs in July versus expectations of 2.33 lakh jobs. Although the number is considerably lower compared to June, it is the sixth consecutive month of jobs growth above the two-lakh mark. Meanwhile, the unemployment rate climbed slightly to 6.2 percent in July versus expectations of a drop to 6 percent.

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