The Dow traded near flat Thursday, despite a post-earnings Disney rally and a key inflation reading showing slightly less year-over-year inflation growth than expected. The Dow rose 0.15%. The S&P 500 inched up 0.03%. The Nasdaq gained 0.12%.
India's central bank has held its policy repurchase rate for the third straight meeting in a row at 6.5%, in line with expectations from economists polled by Reuters.
The RBI said that the vegetable shock may reverse quickly, but possible El Niño weather conditions along with global food prices need to be watched closely. expanded 4.3% year-on-year in the second quarter, surprising expectations from economists polled by Reuters, who expected a 6% expansion. The country's statistics authority said the main contributors to the second quarter growth were wholesale and retail trade, financial and insurance activities as well as transportation and storage.wholesale inflation rateWholesale inflation is measured by the corporate goods price index, which tracks the price companies charge each other for goods and services.
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