Data Supports Stocks As They Continue To Rise
July 2, 2014 6:40 amVideo
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July 2, 2014 – Stock Market News
Today’s Hot Asset – Boeing
Stocks in Asia traded higher during the early trading session today. Investors had a sense of optimism during today’s session following a plethora of positive data that was released in the U.S. yesterday. The optimistic mood allowed investors to search out riskier investment opportunities, which in turn drove equity values higher.
Stocks in the U.S. ended the day yesterday clearly in the green. Once key factory data was released as worse than expected investors realized the chance to invest in stocks is now and this helped to drive prices upwards. Companies such as, IBM, Visa and Pfizer all had a great day yesterday seeing their respective share prices rising significantly as the session progressed. All of those assets are available to trade on TradeRush which is great news for binary options traders.
Stocks in Europe closed the day yesterday trading higher. Investors in Europe dealt with a very similar situation as those in the U.S. During the session numerous pieces of negative data were released making currencies less attractive and stock more attractive. This allowed to equity values to rise steadily throughout the session.
Today’s hot asset is, Boeing. There are unconfirmed reports that Boeing could be about to secure a contract to supply Monarch Airlines with 30 aircraft in a deal worth $3 billion. The current holder on the contract is Airbus so this will be seen as a major coup for Boeing if these reports turn out to be true. Investors will react to fundamental news like this immediately so expect to see a lot of movement throughout today’s session.
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