While the Japanese markets remain closed for the day, the Asian session was yet another negative one for the Chinese indices. The Shanghai Composite index dropped by 1.62% and the Hang Seng index dropped by 0.41%, closing the session at a value lower than 28,000. Despite the continuous drop, both the indices are still near record levels, and the outlook remains positive for their performance. Amongst the movers today was the Bank of China Ltd. which was down by 1.53%, in addition to Lenovo Group Ltd. which dropped by 2.37%. Elsewhere, the Australian interest rates were dropped for the second time this year, and were changed to 2.0% instead of the previous 2.5%, pushing the Australian stocks lower.
The European session performed positively today, as the major indices were higher during the trading hours. The FTSE 100 was supported by the release of a better-than-expected Services PMI data, and managed to climb above the value of 6,950. The German DAX and the French CAC 40 were also higher during this session, with the CAC approaching the psychological level of 5,000. The euro was higher against most currencies, trading as high as $1.129 against the dollar.
The American indices were lower during yesterday’s trading, moving further away from their record levels as traders digest the different releases from the U.S., causing indecisiveness in the market. The ADP Nonfarm Employment Change was released below expectations today, weakening the dollar against most currencies and increasing the futures for indices. Traders are waiting for the release of Tesla Motor’s earnings report eagerly, which is to be announced after the market hours. Earnings reports have been an important factor in the indices’ movement lately, as the majority of the indices’ constituents were affected by the reactions to these reports.
May 6, 2015 – Indices News
While the Japanese markets remain closed for the day, the Asian session was yet another negative one for the Chinese indices. The Shanghai Composite index dropped by 1.62% and the Hang Seng index dropped by 0.41%, closing the session at a value lower than 28,000. Despite the continuous drop, both the indices are still near record levels, and the outlook remains positive for their performance. Amongst the movers today was the Bank of China Ltd. which was down by 1.53%, in addition to Lenovo Group Ltd. which dropped by 2.37%. Elsewhere, the Australian interest rates were dropped for the second time this year, and were changed to 2.0% instead of the previous 2.5%, pushing the Australian stocks lower.
The European session performed positively today, as the major indices were higher during the trading hours. The FTSE 100 was supported by the release of a better-than-expected Services PMI data, and managed to climb above the value of 6,950. The German DAX and the French CAC 40 were also higher during this session, with the CAC approaching the psychological level of 5,000. The euro was higher against most currencies, trading as high as $1.129 against the dollar.
The American indices were lower during yesterday’s trading, moving further away from their record levels as traders digest the different releases from the U.S., causing indecisiveness in the market. The ADP Nonfarm Employment Change was released below expectations today, weakening the dollar against most currencies and increasing the futures for indices. Traders are waiting for the release of Tesla Motor’s earnings report eagerly, which is to be announced after the market hours. Earnings reports have been an important factor in the indices’ movement lately, as the majority of the indices’ constituents were affected by the reactions to these reports.
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