U.S. stocks finished with little change after a flat session. A lack of economic data coupled with investor concerns dampened sentiment. Geopolitical tension reignited after Russian tanks entered Ukraine; a meeting between EU officials will be held today in Brussels to discuss imposing new sanctions onto Russia. Falling oil prices also hit energy shares; at session close the S&P 500 was down 0.07% but remained high at 2,038.25 and the Dow Jones was down 0.02% but remained high at 17,612.2.
Asian markets were higher across the region. The Nikkei added 1.14% as the Dollar climbed against the Yen, trading above 115.8 during mid trade. This is the highest level reached by the index in 7 years. As quantitative easing increased in Japan and the sales tax hike may be delayed this could give more room for the economy to grow and should create more interest in stocks. Exporter shares climbed as a result; Toyota climbed 1.33%, Nissan climbed 1.08%, Canon Inc climbed 0.83%, Panasonic added 1.09%, Honda added 0.95%, and Nikon added 1.6%. The Hang Seng added 0.34% following a report that the Central Bank will inject cash into smaller banks. This should cause momentum in the economy and boost fourth quarter results. It was also reported that authorities in Hong Kong said they would lift the daily conversion limit on Monday.
European markets are higher today following a range of data. The ECB Monthly Bulletin was released pushing analysts to cut their forecast for Eurozone inflation and growth. Growth would be affected by geopolitical tension in Ukraine and the Middle East and by falling oil prices. Stocks were boosted due to increased speculation that the Central bank may take more action to tackle the issue. Currently the DAX is up 0.71% while France’s CAC 40 is up 0.38% and London’s FTSE 100 is up 0.35%. Attention will now turn to tomorrow’s CPI data.
November 13, 2014 – Indices News
U.S. stocks finished with little change after a flat session. A lack of economic data coupled with investor concerns dampened sentiment. Geopolitical tension reignited after Russian tanks entered Ukraine; a meeting between EU officials will be held today in Brussels to discuss imposing new sanctions onto Russia. Falling oil prices also hit energy shares; at session close the S&P 500 was down 0.07% but remained high at 2,038.25 and the Dow Jones was down 0.02% but remained high at 17,612.2.
Asian markets were higher across the region. The Nikkei added 1.14% as the Dollar climbed against the Yen, trading above 115.8 during mid trade. This is the highest level reached by the index in 7 years. As quantitative easing increased in Japan and the sales tax hike may be delayed this could give more room for the economy to grow and should create more interest in stocks. Exporter shares climbed as a result; Toyota climbed 1.33%, Nissan climbed 1.08%, Canon Inc climbed 0.83%, Panasonic added 1.09%, Honda added 0.95%, and Nikon added 1.6%. The Hang Seng added 0.34% following a report that the Central Bank will inject cash into smaller banks. This should cause momentum in the economy and boost fourth quarter results. It was also reported that authorities in Hong Kong said they would lift the daily conversion limit on Monday.
European markets are higher today following a range of data. The ECB Monthly Bulletin was released pushing analysts to cut their forecast for Eurozone inflation and growth. Growth would be affected by geopolitical tension in Ukraine and the Middle East and by falling oil prices. Stocks were boosted due to increased speculation that the Central bank may take more action to tackle the issue. Currently the DAX is up 0.71% while France’s CAC 40 is up 0.38% and London’s FTSE 100 is up 0.35%. Attention will now turn to tomorrow’s CPI data.
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