U.S markets dropped, suffering their largest losses seen in 3 months. The selloff was triggered by crude oil prices as they fell through $50/barrel. Concerns also mounted as the Euro declined on political developments in Greece and monetary stimulus expectations. The S&P 500 lost 1.83%, its largest daily loss for 3 months, and closed at 2,020.58. The Dow Jones dropped 1.86% with almost every component posting losses, and finished at 17,501.65. The biggest movers in the Dow were Caterpillar which lost 5.28%, Chevron which lost 4%, Goldman Sachs which lost 3.12%, JP Morgan Chase which lost 3.1% and Exxon Mobil which lost 2.74%.
Asian markets were mostly lower across the region. The Nikkei lost 3.02% as the Dollar moved lower against the Yen, falling from 120.6 to 118.7. Losses were seen as the Yen strengthened as a safe haven asset due to fears over Europe and falling oil prices. All stocks in the index declined with many posting large losses. Toyo Seikan Group Holdings lost 6.17%, Screen Holdings lost 5.87% and Inpex Corp lost 5.8%. The Hang Seng lost 0.99% as traders tracked the direction of global markets. Energy companies were hit with CNOOC losing 3.2%, Kunlun energy Co losing 2.83%, PetroChina co losing 2.4% and China Petroleum and Chemical Corp losing 1.89%. The Shanghai Composite, however, recovered its losses and climbed 0.03% after the release of better than expected HSBC Services PMI.
European markets are mixed today. The FTSE is down 0.47% with Ashtead losing 6.6%, Travis Perkins losing 2.48%, and Sports Direct losing 2.45%. The DAX is up 0.56% and the CAC 40 is up 0.08%. In the DAX, Daimler is up 1.18%, Volkswagen is up 0.63% and Deutsche Bank is up 0.43%.
January 6 2015 – Indices News
U.S markets dropped, suffering their largest losses seen in 3 months. The selloff was triggered by crude oil prices as they fell through $50/barrel. Concerns also mounted as the Euro declined on political developments in Greece and monetary stimulus expectations. The S&P 500 lost 1.83%, its largest daily loss for 3 months, and closed at 2,020.58. The Dow Jones dropped 1.86% with almost every component posting losses, and finished at 17,501.65. The biggest movers in the Dow were Caterpillar which lost 5.28%, Chevron which lost 4%, Goldman Sachs which lost 3.12%, JP Morgan Chase which lost 3.1% and Exxon Mobil which lost 2.74%.
Asian markets were mostly lower across the region. The Nikkei lost 3.02% as the Dollar moved lower against the Yen, falling from 120.6 to 118.7. Losses were seen as the Yen strengthened as a safe haven asset due to fears over Europe and falling oil prices. All stocks in the index declined with many posting large losses. Toyo Seikan Group Holdings lost 6.17%, Screen Holdings lost 5.87% and Inpex Corp lost 5.8%. The Hang Seng lost 0.99% as traders tracked the direction of global markets. Energy companies were hit with CNOOC losing 3.2%, Kunlun energy Co losing 2.83%, PetroChina co losing 2.4% and China Petroleum and Chemical Corp losing 1.89%. The Shanghai Composite, however, recovered its losses and climbed 0.03% after the release of better than expected HSBC Services PMI.
European markets are mixed today. The FTSE is down 0.47% with Ashtead losing 6.6%, Travis Perkins losing 2.48%, and Sports Direct losing 2.45%. The DAX is up 0.56% and the CAC 40 is up 0.08%. In the DAX, Daimler is up 1.18%, Volkswagen is up 0.63% and Deutsche Bank is up 0.43%.
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