European equity markets continue to rise as tensions with Russia, whilst not much improved, have not escalated further. At the time of writing, the FTSE is up 0.14%, the CAC is up 0.36% and the DAX is up by 0.4% Russia continues to deny involvement in the attack, with Lyudmila Vorobyeva, Russia’s ambassador to Malaysia, saying that the pro-Russian separatists don’t have the required long-range anti-aircraft weapons. However, the US said it believes Russia supplied the missile that downed the Malaysian jet.
In markets, crude prices dipped both in Asian and in European trading as investors watched for developments in the Middle East. Light, sweet crude futures for September fell 27 cents, or 0.3%, to $102.12 per barrel.
Overnight, Asian markets extended to a new six year peak as geopolitical concerns were put aside. Australia’s S&P/ASX 200 led the rally, rising 1% to its own six year high of 5,596. Hong Kong’s Hang Seng Index added 0.5%, while the Shanghai Composite rose 0.2% and Japan’s Nikkei 225 was flat.
The upward moves follow an overnight session that saw global equities rally, in part because sales of previously owned homes in the US rose to their highest since October, up by 2.6%. On Wall Street Tuesday, the S&P 500 touched a record intraday high but then moderated back, ending 0.5% higher at 1,983.5 – looking ahead, we have earnings from Boeing, PepsiCo and Facebook today after the closing bell.
Meanwhile, shares in Herbalife shot up as a significantly hyped-up attack on the company fell flat. Billionaire Hedge Fund CEO Bill Ackman had promised to deliver a ‘death blow’ to the firm via a presentation on Tuesday. In the event, shares in Herbalife were up by a staggering 25% at the NYSE close.
European equity markets continue to rise as tensions with Russia, whilst not much improved, have not escalated further. At the time of writing, the FTSE is up 0.14%, the CAC is up 0.36% and the DAX is up by 0.4% Russia continues to deny involvement in the attack, with Lyudmila Vorobyeva, Russia’s ambassador to Malaysia, saying that the pro-Russian separatists don’t have the required long-range anti-aircraft weapons. However, the US said it believes Russia supplied the missile that downed the Malaysian jet.
In markets, crude prices dipped both in Asian and in European trading as investors watched for developments in the Middle East. Light, sweet crude futures for September fell 27 cents, or 0.3%, to $102.12 per barrel.
Overnight, Asian markets extended to a new six year peak as geopolitical concerns were put aside. Australia’s S&P/ASX 200 led the rally, rising 1% to its own six year high of 5,596. Hong Kong’s Hang Seng Index added 0.5%, while the Shanghai Composite rose 0.2% and Japan’s Nikkei 225 was flat.
The upward moves follow an overnight session that saw global equities rally, in part because sales of previously owned homes in the US rose to their highest since October, up by 2.6%. On Wall Street Tuesday, the S&P 500 touched a record intraday high but then moderated back, ending 0.5% higher at 1,983.5 – looking ahead, we have earnings from Boeing, PepsiCo and Facebook today after the closing bell.
Meanwhile, shares in Herbalife shot up as a significantly hyped-up attack on the company fell flat. Billionaire Hedge Fund CEO Bill Ackman had promised to deliver a ‘death blow’ to the firm via a presentation on Tuesday. In the event, shares in Herbalife were up by a staggering 25% at the NYSE close.
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