U.S. stocks ended the week lower. Volatility was low and the session cut short due to the Thanksgiving Holidays. Energy shares were hit as oil prices plummeted on the back of OPECs decision not to cut production; Exxon, for example, lost 4.17%. Transportation companies, however, benefited from the prospect of lower costs; Delta airlines climbed 5.49%. At the end of the session, the S&P 500 was 0.25% lower at 2,067.56 and the Dow Jones was even at 17,828.24.
Asian markets were mixed today. The Nikkei added 0.75% as the Dollar remained high against the Yen and investors welcomed falling energy prices. The Dollar continued to trade above 118 after almost reaching 117 last week. The Hang Seng, however, dropped 2.58% after Manufacturing PMI came out below expectations. Growing protests in Hong Kong, rumours of insured deposits and falling oil prices also hit stocks.
European markets are lower today after a range of data. The market is weighing the impact falling oil prices will have on the economy. Attention will turn to Thursday’s ECB meeting where investors are eager to see if further stimulus measures will be introduced. In mid trade, the FTSE is down 1%, the DAX is 0.33% lower and the CAC 40 is 0.4% lower.
December 1, 2014 – Indices News
U.S. stocks ended the week lower. Volatility was low and the session cut short due to the Thanksgiving Holidays. Energy shares were hit as oil prices plummeted on the back of OPECs decision not to cut production; Exxon, for example, lost 4.17%. Transportation companies, however, benefited from the prospect of lower costs; Delta airlines climbed 5.49%. At the end of the session, the S&P 500 was 0.25% lower at 2,067.56 and the Dow Jones was even at 17,828.24.
Asian markets were mixed today. The Nikkei added 0.75% as the Dollar remained high against the Yen and investors welcomed falling energy prices. The Dollar continued to trade above 118 after almost reaching 117 last week. The Hang Seng, however, dropped 2.58% after Manufacturing PMI came out below expectations. Growing protests in Hong Kong, rumours of insured deposits and falling oil prices also hit stocks.
European markets are lower today after a range of data. The market is weighing the impact falling oil prices will have on the economy. Attention will turn to Thursday’s ECB meeting where investors are eager to see if further stimulus measures will be introduced. In mid trade, the FTSE is down 1%, the DAX is 0.33% lower and the CAC 40 is 0.4% lower.
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