U.S. stocks rebounded from their biggest drop in two years as a bailout plan was announced for Banco Espirito Santo. Portugal’s Central bank gave the bank 4.9 billion Euros. Traders welcomed the news as it prevented a collapse of one of Portugal’s biggest lenders. Technology stocks also gained in response to upbeat earnings releases. At session close, the S&P 500 was 0.72% higher and the Dow Jones was 0.46% higher.
Asian markets were mixed today. The Nikkei closed 1% lower due to a stronger Yen as the Dollar slipped from ¥102.94 to ¥102.53. Losses were also seen in stocks. Nissan lost 1.1%, Honda lost 0.8% and Panasonic lost 1.2%. The Hang Seng added 0.2% boosted by strength in Chinese banks.
European markets are higher today as BMW and Deutsche Post AG report positive earnings. BMW advanced 3.2% and Deutsche Post advanced 2.5%. Currently, the DAX is up 0.60% while London’s FTSE 100 is up 0.47% and France’s CAC 40 is up 0.35%.
August 5, 2014 – Indices News
U.S. stocks rebounded from their biggest drop in two years as a bailout plan was announced for Banco Espirito Santo. Portugal’s Central bank gave the bank 4.9 billion Euros. Traders welcomed the news as it prevented a collapse of one of Portugal’s biggest lenders. Technology stocks also gained in response to upbeat earnings releases. At session close, the S&P 500 was 0.72% higher and the Dow Jones was 0.46% higher.
Asian markets were mixed today. The Nikkei closed 1% lower due to a stronger Yen as the Dollar slipped from ¥102.94 to ¥102.53. Losses were also seen in stocks. Nissan lost 1.1%, Honda lost 0.8% and Panasonic lost 1.2%. The Hang Seng added 0.2% boosted by strength in Chinese banks.
European markets are higher today as BMW and Deutsche Post AG report positive earnings. BMW advanced 3.2% and Deutsche Post advanced 2.5%. Currently, the DAX is up 0.60% while London’s FTSE 100 is up 0.47% and France’s CAC 40 is up 0.35%.
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