International Market Morning Update by Ripples Financial Advisory

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In International markets, S&P500 took resistance of its all-time high of 2451 and witnessed profit booking. The Index is trading at 2418.

Yesterday Labour Department released initial jobless claims. The report said initial jobless claims inched up to 244,000, an increase of 2,000 from the previous week's revised level of 242,000. Economists had expected jobless claims to edge down to 240,000.

Yesterday German Index Dax witnessed huge selloff. The Index fell by almost 400 points from its 12727 and Index made low of 12342.

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