US markets gained on good eco data

The US markets gained on good economic data and details of Greece financial rescue package. The Dow Jones Industrial Average ended up 143 points at 11152. The Nasdaq Composite was up 38 points at 2499 and S&P 500 up 16 points at 1203.

US Advancing Sectors: Consumer Discretionary was up 2.1%, Industrials up 2.1%, Financials up 1.8% and Tech up 1.4%.

European markets ended higher. The CAC was up 0.3% and DAX up 0.5%. FTSE closed yesterday. CBOE VIX was down 8.5% at 20.19. Asian markets opened marginally higher. Taiwan was up 0.25% and Straits Times up 0.2%. SGX Nifty rose 0.5%. Nikkei stock markets closed today.

Global Movers & Shakers:

In global metal stocks, Vedanta was down 3.8%, Xstrata was down 3.8% and BHP Billiton was down 3%. Alcoa and Rio Tinto fell 2%.

Global Economic News:

US ISM manufacturing index rose to 60.4 in April from 59.6 in March, fastest pace since 2004. US personal income for March increased 0.3%, rose for a sixth straight month in March. US construction spending for March up 0.2%, expected to fall by 0.5%. Australian manufacturing growth accelerated in April to the fastest pace in almost eight years.

Currencies:

Dollar Index rose 0.6%. Dollar was up 17 bps versus Euro at 1.3212. Yen depreciated 1% versus USD at 94.85. Korean Won depreciated 2% versus USD.

Commodities:

CRB Commodity Index rose 0.1%. Crude oil futures ended marginally higher at $ 86.19/bbl, gained for a fourth session. Gold hit another 2010 high, settled above $ 1,180/ounce. Natural Gas Futures rose 2.3% at $ 4 per MMBtu. Gold was down 0.2% at $ 1183.3/ounce. Silver gained 1.1% at $ 18.84/ounce.

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