Concerns of an economic slowdown caused wariness among investors, causing stock movements to be limited. US stocks initially started with strong downward momentum, but began to correct upwards as the day progressed. The Dow Jones Industrial inched 0.02% upwards to 17,515.23. The S&P 500 increased 0.15% to 2,022.55. While most assets either paired off or had little volatility, technological stocks improved dramatically, including a 19.44% rise on TigerLogic Corp, which helped the Nasdaq climb 0.44% to 4,654.85.
European markets opened with price corrections following a four-day rally. HeidelbergCement AG is down 2.34%, LANXESS AG is down nearly 2%, and Unibail-Rodamco SE is down 1.66%, all of which contributing to a slump in European averages. Growth to offset these losses has been slow today, though tomorrow’s meeting of the European Central Bank chairpersons could influence stronger sentiments later on today and tomorrow. The UK reported larger than expected drops in unemployment today, and stock values there have been much more rosy. Pearson PLC improved 4.7%. The CAC 40 has declined 0.48% to 4,424.88, the DAX is down a similar percent to 10,208.46. The FTSE 100 has been boosted 0.59% to 6,658.84.
Despite a jump in the value of the yen following a press conference given by the Bank of Japan weighing down values, stock markets were split based on the continued plans for steady Bank of Japan stimulus. The People’s Bank of China has also shared plans to continue stimulus. Between shared plans from the two large economies, Asian stocks experienced strong market average growth. The Hang Seng index increased another 1.68% today, bringing it to 24,352.58 after the Bank of Communications Co Ltd improved by nearly 3%. Japanese stocks were mixed. Pacific Metals Co Ltd fell almost 5% after the reversal of the yen, while Fujikura Ltd fell 4.45%, These losses were met with a rally of 5.48% in Sony Corp, which helped to curb the lowering average. The Nikkei closed at 17,280.48, with a slide of just under 0.5%.
January 21, 2015 – Indices News
Concerns of an economic slowdown caused wariness among investors, causing stock movements to be limited. US stocks initially started with strong downward momentum, but began to correct upwards as the day progressed. The Dow Jones Industrial inched 0.02% upwards to 17,515.23. The S&P 500 increased 0.15% to 2,022.55. While most assets either paired off or had little volatility, technological stocks improved dramatically, including a 19.44% rise on TigerLogic Corp, which helped the Nasdaq climb 0.44% to 4,654.85.
European markets opened with price corrections following a four-day rally. HeidelbergCement AG is down 2.34%, LANXESS AG is down nearly 2%, and Unibail-Rodamco SE is down 1.66%, all of which contributing to a slump in European averages. Growth to offset these losses has been slow today, though tomorrow’s meeting of the European Central Bank chairpersons could influence stronger sentiments later on today and tomorrow. The UK reported larger than expected drops in unemployment today, and stock values there have been much more rosy. Pearson PLC improved 4.7%. The CAC 40 has declined 0.48% to 4,424.88, the DAX is down a similar percent to 10,208.46. The FTSE 100 has been boosted 0.59% to 6,658.84.
Despite a jump in the value of the yen following a press conference given by the Bank of Japan weighing down values, stock markets were split based on the continued plans for steady Bank of Japan stimulus. The People’s Bank of China has also shared plans to continue stimulus. Between shared plans from the two large economies, Asian stocks experienced strong market average growth. The Hang Seng index increased another 1.68% today, bringing it to 24,352.58 after the Bank of Communications Co Ltd improved by nearly 3%. Japanese stocks were mixed. Pacific Metals Co Ltd fell almost 5% after the reversal of the yen, while Fujikura Ltd fell 4.45%, These losses were met with a rally of 5.48% in Sony Corp, which helped to curb the lowering average. The Nikkei closed at 17,280.48, with a slide of just under 0.5%.
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