INTERNATIONAL MARKET MORNING UPDATE AT 8.40 AM ON 26 JULY 2012

ALERT :- GAP OPENING IS EXPECTED IN INDIAN MARKET DUE TO SOME POSITIVE MAJOR INTERNATIONAL NEWS LIKE EUROPEAN CENTRAL BANK PRESIDENT SPEAKS AND SOME POSITIVE ECONOMIC DATA FROM UNITED STATES YESTERDAY.


Asian stocks rose for a second day, with the regional benchmark index headed for the biggest gain in four weeks, after European Central Bank President Mario Draghi said policy makers will do whatever is needed to preserve the euro. 


Asian stocks rose the most in a week and bond risk fell on speculation central banks from Europe to Japan and the U.S. will boost efforts to spur economic growth. The won trengthened against the dollar. 

Mario Draghi, president of the European Central Bank (ECB).  

European Central Bank President Mario Draghi pledged to preserve the euro, suggesting policy makers may intervene in bond markets. 


There’s a fear things are getting out of control, and so Draghi came out with a very strong statement in support of the market that they are going to do everything necessary to support the euro.


The ECB is under pressure to lower borrowing costs after three interest-rate cuts since November failed to stop bond yields rising to records in Spain and Italy, threatening the survival of the euro.