Dow hits new high; US manufacturing data calms worries of slowdown
PUBLISHED ON: May 1, 2012 | Duration: 25 min, 20 sec
Dow Jones Industrial Average has hit a new high for 2012 as all round buying gives a fresh boost to the markets. Meanwhile, a better-than-expected manufacturing report has calmed worries over a slowdown in the recovery, which comes ahead of the larger government nonfarm payrolls report due later this week. Global investor Mark Mobius says GAAR provisions are a big mistake by Indian government.