U.S markets climbed slightly as energy shares were boosted. Energy companies benefitted from the rise in oil prices which occurred due to speculation that supplies may reach a peak fairly soon and start to decline. Data from the API was also released and reaffirmed this belief as it showed a significantly lower climb than last week. Markets shrugged off weaker than expected data; U.S Retail Sales increased by just 0.9%during the month of March when analysts had predicted a 1.1% increase. At session close the S&P 500 was 0.2% higher at 2,095.83 and the Dow Jones was 0.3% higher at 18,036.7. Earnings season has also began and J.P Morgan added 1.6% after beating expectations and Wells Fargo dropped 0.7% after missing expectations.
Asian markets were mixed today. The Nikkei declined by 0.2% as the Dollar trades lower against the Yen. The Yen received a boost after a Japanese advisor commented that the Yen was already weak enough and was supporting the economy. JGC Corp lost 6.57%, MEIJI Holdings Co lost 3.53% and Chugai Pharmaceuticals lost 2.98%. The Hang Seng added 0.21% despite the fact that data missed expectations. The quarterly GDP increased by just 1.3% when analysts expected to see a 1.4% increase. Retail Sales were also off and came out at 10.2% instead of 10.9%. Industrial & Commercial Bank of China added 4.86%, China Construction Bank Corp added 4.39% and Bank of Communications Co added 4.31%.
European markets are higher today. Traders were awaiting the ECB Press conference and expecting news regarding when the QE could end. The bank left the rate unchanged as expected and commented that the program is running smoothly and effects can be seen in the economy. Stocks also benefited from a decision by the bank to boost the amount of money banks can borrow from emergency- lending. Currently, the FTSE 100 is 0.35% higher, the DAX is 0.47% higher and the CAC 40 is 0.93% higher. In the FTSE, J Sainsbury is up 3.89%, Sports Direct International is up 3.64% and CRH PLC is up 3.05%. In the DAX, E.ON is up 1.48% and Siemens is up 1.27%.
April 15, 2015 – Indices News
U.S markets climbed slightly as energy shares were boosted. Energy companies benefitted from the rise in oil prices which occurred due to speculation that supplies may reach a peak fairly soon and start to decline. Data from the API was also released and reaffirmed this belief as it showed a significantly lower climb than last week. Markets shrugged off weaker than expected data; U.S Retail Sales increased by just 0.9%during the month of March when analysts had predicted a 1.1% increase. At session close the S&P 500 was 0.2% higher at 2,095.83 and the Dow Jones was 0.3% higher at 18,036.7. Earnings season has also began and J.P Morgan added 1.6% after beating expectations and Wells Fargo dropped 0.7% after missing expectations.
Asian markets were mixed today. The Nikkei declined by 0.2% as the Dollar trades lower against the Yen. The Yen received a boost after a Japanese advisor commented that the Yen was already weak enough and was supporting the economy. JGC Corp lost 6.57%, MEIJI Holdings Co lost 3.53% and Chugai Pharmaceuticals lost 2.98%. The Hang Seng added 0.21% despite the fact that data missed expectations. The quarterly GDP increased by just 1.3% when analysts expected to see a 1.4% increase. Retail Sales were also off and came out at 10.2% instead of 10.9%. Industrial & Commercial Bank of China added 4.86%, China Construction Bank Corp added 4.39% and Bank of Communications Co added 4.31%.
European markets are higher today. Traders were awaiting the ECB Press conference and expecting news regarding when the QE could end. The bank left the rate unchanged as expected and commented that the program is running smoothly and effects can be seen in the economy. Stocks also benefited from a decision by the bank to boost the amount of money banks can borrow from emergency- lending. Currently, the FTSE 100 is 0.35% higher, the DAX is 0.47% higher and the CAC 40 is 0.93% higher. In the FTSE, J Sainsbury is up 3.89%, Sports Direct International is up 3.64% and CRH PLC is up 3.05%. In the DAX, E.ON is up 1.48% and Siemens is up 1.27%.
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