US markets continue with their bull run

US markets continued with their bull run yesterday. Nasdaq closed the day, 17^th July, up by 155.16 points or 0.75%. Dow Jones closed the day, up by 229.71 points or 0.52%. S&P 500 closed, up by 33.66 points or 0.54%.

US Congress passed the bill yesterday to create regulatory framework for stablecoins pegged to US dollar. Stablecoins are a type of cryptocurrency.

European markets also ended in green

European markets closed in green yesterday. Euro Stoxx 50 ended the day, up by 79.08 points or 1.49%. Dax ended the day, up by 361.55 points or 1.51%. FTSE 100 ended the day, up by 46.09 points or 0.52%.

Asian markets begin on a mixed note

Asian markets have started the day today, 18^th July, on a mixed note. At 8:50 a.m. Nikkei 225 is down by 122.34 points or 0.31%.  Hang Seng is up by 233.64 points or 0.95%. Shanghai composite is up by 14.22 points or 0.40%. Kospi index is down by 12.16 points or 0.38%.

Elections for the upper house of Japan will take place on Sunday, 20^th July. It is expected that the ruling Liberal Democratic Party will face defeat. That is causing Nikkei to be in red today.

Indian equity markets ended the day in red, yesterday. This, after disappointing June quarter results of some IT companies. Today, a large number of companies will be coming out with their June quarter results. Market direction will be largely guided by these results.

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Source: Dow Jones