The Asian markets were mixed today, and while the Japanese and Hong Kong stocks were mostly lower, the Shanghai markets continued their upwards movement which started yesterday. The Nikkei was little changed after today’s session, rising only by 0.02% and reaching the value of 19,624. The Hang Seng index was down by 1.12% after it has performed positively over the last couple of days. The negative performance of indices worldwide and the drop in the U.S. markets yesterday seem to have affected the Asian markets negatively today. The Shanghai Composite remained supported by the latest cut in the interest rates, and was higher by 1.56%, closing over the value of 4,400.
The European indices dropped sharply today, following the rise in government yield bonds. As bonds and yields move inversely, the recent raise of yields caused a sell-off in the European bond markets. The markets were lower during today’s trading, as major indices dropped by more than 1% before the closure of the session. The FTSE 100 went down by roughly 1.20% and touched the value of 6,900. The French CAC 40 and the German DAX also performed negatively during today’s trading, as most of their components were lower today. Despite the negative sentiment, a 750 million euro loan was paid by Greece to the International Monetary Fund supported the markets slightly, and strengthened the euro against other currencies.
After declining yesterday, the major U.S. indices started the session lower today. Following the release of the Jolts Job Openings today, the indices continued their downwards movement which started yesterday and fell off from their one-month-high levels. After the trading session opened, the Nasdaq dropped by more than 0.5%, the Dow Jones dropped by 0.7%, while the S&P 500 dropped by roughly 0.3%. Stocks were also lower at the beginning of today’s session; amongst those were Apple, Microsoft and Google. The U.S. markets followed the European markets in their drop, after governmental bond yields were raised unexpectedly around the world, causing a selling pressure in worldwide stock markets as a result.
May 12, 2015 – Indices News
The Asian markets were mixed today, and while the Japanese and Hong Kong stocks were mostly lower, the Shanghai markets continued their upwards movement which started yesterday. The Nikkei was little changed after today’s session, rising only by 0.02% and reaching the value of 19,624. The Hang Seng index was down by 1.12% after it has performed positively over the last couple of days. The negative performance of indices worldwide and the drop in the U.S. markets yesterday seem to have affected the Asian markets negatively today. The Shanghai Composite remained supported by the latest cut in the interest rates, and was higher by 1.56%, closing over the value of 4,400.
The European indices dropped sharply today, following the rise in government yield bonds. As bonds and yields move inversely, the recent raise of yields caused a sell-off in the European bond markets. The markets were lower during today’s trading, as major indices dropped by more than 1% before the closure of the session. The FTSE 100 went down by roughly 1.20% and touched the value of 6,900. The French CAC 40 and the German DAX also performed negatively during today’s trading, as most of their components were lower today. Despite the negative sentiment, a 750 million euro loan was paid by Greece to the International Monetary Fund supported the markets slightly, and strengthened the euro against other currencies.
After declining yesterday, the major U.S. indices started the session lower today. Following the release of the Jolts Job Openings today, the indices continued their downwards movement which started yesterday and fell off from their one-month-high levels. After the trading session opened, the Nasdaq dropped by more than 0.5%, the Dow Jones dropped by 0.7%, while the S&P 500 dropped by roughly 0.3%. Stocks were also lower at the beginning of today’s session; amongst those were Apple, Microsoft and Google. The U.S. markets followed the European markets in their drop, after governmental bond yields were raised unexpectedly around the world, causing a selling pressure in worldwide stock markets as a result.
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