U.S markets climbed, marking their first increase of 2015. Data continued to show improvement in the labour market with the ADP Nonfarm Employment Change showing that 241,000 jobs were created last month. The FOMC meeting minutes were also released and showed that it is unlikely that interest rates will be increased before April. The minutes also showed that the Fed believes that lower oil prices will be a net positive for the economy and the labour market. Overall, no new information was released and the market welcomed the ‘patient’ stance. At session close the S&P 500 was 1.16% higher at 2,025.9 and the Dow Jones was 1.23% higher at 17,584.52. The biggest climbers in the Dow were Home Depot which climbed 3.43%, Wal Mart which climbed 2.65%, Johnson and Johnson which climbed 2.21% and Merck & Co which climbed 2.14%.
Asian markets were mostly higher across the region. The Nikkei added 1.67% as the Dollar climbed against the Yen reaching 119.8 by the end of the Asian session. This was its strongest advance in 3 weeks. The index was led by Taiyo Yuden which rallied 10.2% but strong movement was also seen from SCREEN Holdings which gained 6.3% and Nippon Yusen which gained 6.25%. The Hang Seng added 0.65%, gaining for a second day. Two if its main components, Tencent Holdings and China Mobile led gains gaining 2.33% and 2.02% respectively. Tencent benefited from reports that WeBank would have a trial opening on Jan 18. Lenovo added 4.03% and PetroChina Co added 2.45%.
European markets are higher today due to strong speculation that the European Central Bank will add stimulus to the economy. This is taken as a positive for equities as more liquidity enters the market. Positive Retail Sales data was also released from the Euro zone showing a yearly increase of 1.5% and a monthly increase of 0.6%. Currently, the CAC 40 is up 2.38% while Germany’s DAX is up 2.05% and London’s FTSE 100 is up 1.97%. Tesco is leading the FTSE higher as it is up 12.28%. The supermarket group is higher overall with Sainsbury adding 8.49% and Morrison adding 6.48%.
January 8, 2015 – Indices News
U.S markets climbed, marking their first increase of 2015. Data continued to show improvement in the labour market with the ADP Nonfarm Employment Change showing that 241,000 jobs were created last month. The FOMC meeting minutes were also released and showed that it is unlikely that interest rates will be increased before April. The minutes also showed that the Fed believes that lower oil prices will be a net positive for the economy and the labour market. Overall, no new information was released and the market welcomed the ‘patient’ stance. At session close the S&P 500 was 1.16% higher at 2,025.9 and the Dow Jones was 1.23% higher at 17,584.52. The biggest climbers in the Dow were Home Depot which climbed 3.43%, Wal Mart which climbed 2.65%, Johnson and Johnson which climbed 2.21% and Merck & Co which climbed 2.14%.
Asian markets were mostly higher across the region. The Nikkei added 1.67% as the Dollar climbed against the Yen reaching 119.8 by the end of the Asian session. This was its strongest advance in 3 weeks. The index was led by Taiyo Yuden which rallied 10.2% but strong movement was also seen from SCREEN Holdings which gained 6.3% and Nippon Yusen which gained 6.25%. The Hang Seng added 0.65%, gaining for a second day. Two if its main components, Tencent Holdings and China Mobile led gains gaining 2.33% and 2.02% respectively. Tencent benefited from reports that WeBank would have a trial opening on Jan 18. Lenovo added 4.03% and PetroChina Co added 2.45%.
European markets are higher today due to strong speculation that the European Central Bank will add stimulus to the economy. This is taken as a positive for equities as more liquidity enters the market. Positive Retail Sales data was also released from the Euro zone showing a yearly increase of 1.5% and a monthly increase of 0.6%. Currently, the CAC 40 is up 2.38% while Germany’s DAX is up 2.05% and London’s FTSE 100 is up 1.97%. Tesco is leading the FTSE higher as it is up 12.28%. The supermarket group is higher overall with Sainsbury adding 8.49% and Morrison adding 6.48%.
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