The Nikkei continued its upwards trend during today’s session, rising by 0.4% by the end of the session. The latest business plan of Sony Corp. aiming at increasing its growth, along with other Japanese stocks being on the rise, has contributed to the Nikkei’s performance, which reached the value of 18,264 by the end of the Asian session. The Chinese markets were closed today due to the Lunar New Year, lowering volatility in global markets and dampening demand for precious metals.
The American session ended with mixed results, as the Nasdaq was up by 0.09% while both the S&P 500 and the Dow Jones 30 dropped by 0.10%. The recent drop in oil prices which is now near the value of 50.7 affected the Energy companies such as SolarCity Corp. which dropped by 6.3%. Today, investors will be awaiting the release of the Philadelphia Fed Manufacturing Index, which measures the business conditions in Philadelphia, which may affect the American Currency.
Elsewhere, the Greek request for extending the loan agreement has been rejected by Germany, one day before the finance ministers’ meeting that is aimed at discussing this request more thoroughly. So far, the FTSE 100 and the German DAX were negatively impacted by this rejection, adding to the negative performance from companies in the Energy sector which added to the negative sentiment. Any development in the tensions between Greece and the euro zone may affect the European markets before they close.
February 19, 2015 – Commodities News
The Nikkei continued its upwards trend during today’s session, rising by 0.4% by the end of the session. The latest business plan of Sony Corp. aiming at increasing its growth, along with other Japanese stocks being on the rise, has contributed to the Nikkei’s performance, which reached the value of 18,264 by the end of the Asian session. The Chinese markets were closed today due to the Lunar New Year, lowering volatility in global markets and dampening demand for precious metals.
The American session ended with mixed results, as the Nasdaq was up by 0.09% while both the S&P 500 and the Dow Jones 30 dropped by 0.10%. The recent drop in oil prices which is now near the value of 50.7 affected the Energy companies such as SolarCity Corp. which dropped by 6.3%. Today, investors will be awaiting the release of the Philadelphia Fed Manufacturing Index, which measures the business conditions in Philadelphia, which may affect the American Currency.
Elsewhere, the Greek request for extending the loan agreement has been rejected by Germany, one day before the finance ministers’ meeting that is aimed at discussing this request more thoroughly. So far, the FTSE 100 and the German DAX were negatively impacted by this rejection, adding to the negative performance from companies in the Energy sector which added to the negative sentiment. Any development in the tensions between Greece and the euro zone may affect the European markets before they close.
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