MTECHTIPS GLOBAL HAPPENINGS

MTECHTIPS:-GLOBAL HAPPENINGS

The number of Americans applying for unemployment benefits fell by 23,000 to 340K last week, further evidence that the job market is slowly returning to health. Still, much of the improvement has come from fewer layoffs, not robust hiring. So this will still be a cause of worry for the Fed which hinted at stimulus pull backs .Global stock markets fell after weak Chinese economic data and concerns the US may scale back monetary stimulus efforts but the Dow Jones closed flat. China's export sector is slowing down, and its manufacturing sector is also slowing down.