#Stock #Market #Tips :: Market View for the Week 23rd May-27th May Global stock markets saw some buying interest by the investors in anticipation of more stimulus by China and Japan. Expectations have been built that the planned sales tax hike would be postponed in Japan and China has also indicated that they would boost spending to spur the growth. Investors are also eyeing the comments from U.S. Federal Reserve Chair Janet Yellen to know the timing of the next interest rate hike. Better than expected economic data out of the U.S. indicating surge in home sales and less jobless claims fueled the expectations that the economy can withstand the higher interest rates. On the commodity market front, CRB saw some rise on the continuous upside in crude prices and some rebound in base metals. Bullion counter is expected to extend its downside momentum on stronger greenback on the back of fear of interest rate hike in FOMC June meeting and also on improved economic data. However, some short covering at the lower levels cannot be denied. Gold can trade in the range of 28200- 29700 levels while silver can move in the range of 37800-41000 levels in the near term. Crude oil prices further direction will depend upon the outcome of the OPEC meeting on June 2 in Vienna, Austria. In the last OPEC gathering in mid-April, members failed to agree on a production cap. Recently supply disruptions and improved demand outlook have lifted the prices higher. Base metal counter can witness some lower level buying while Zinc may continue its upside on supply concerns. For more Info Visit: #Niveza