SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US market slips amid European political concern

24 Apr 2012 Evaluate

The US markets declined on Monday, as investors reacted to political uncertainty in Europe and a report alleging that Wal-Mart Stores Inc. hindered an investigation of bribery in Mexico. Also, the mounting concern over Europe’s ability to get a handle over its sovereign debt will derail global growth and the combination of some weaker-than-expected US economic reports has led to increased volatility. Wal-Mart Stores Inc. was under pressure after the firm stated over the weekend that it is looking into a newspaper’s claims that employees at a subsidiary bribed Mexican officials over several years.

Besides, Euro-area services and manufacturing contracted more than estimated, while data indicated China’s production will shrink for a sixth month. Euro-area services and manufacturing declined, according to a Market Economics index that fell to a five-month low of 47.4. Also, the French President Nicolas Sarkozy lost the first round of his re-election bid, with the politician facing an uphill battle in a May 6 runoff against François Hollande, the Socialist front-runner in Sunday’s balloting. Hollande has vowed to renegotiate a deficit-cutting agreement touted by German Chancellor Angela Merkel that has yet to be ratified. While Dutch Prime Minister Mark Rutte offered his cabinet’s resignation amid a revolt against spending cuts. Separately, the Netherlands may face another election after the opposition Freedom Party led by Geert Wilders withdrew its support to the country´s ruling coalition in protest at the government´s proposed austerity budget of nearly €10 billion.

The Dow Jones Industrial Average closed lower by 102.09 points, or 0.78 percent, at 12,927.20. The S&P 500 lost 11.59 points, or 0.84 percent, at 1,366.94, while the Nasdaq was down by 30.00 points, or 1.00 percent, at 2,970.45.

Indian ADRs closed in red on Monday; HDFC Bank was down 1.23%, Infosys Technologies was down 0.99%, Dr. Reddy’s Lab was down 0.55%, ICICI Bank was down 0.38% and Tata Motors was down 0.29%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×