As investors were awaiting the results of the meeting between finance ministers in the euro zone at 14:00GMT, the euro rose against most currencies showing optimism regarding the Greece’s financial situation. On the other hand, if an agreement is not reached by the end of the meeting the euro may be prone to further decline.
The concerns in regards to this situation have also affected the European indices negatively, as the FTSE was down 0.20% prior to the end of the European session, in addition to the performance of Rolls-Royce, whose shares moved down 0.7% after being accused of paying bribes to receive a 100 million dollar contract. Moreover, the German DAX declined to the level of 10,935, a 0.30% drop after reaching one of its highest levels during last week.
After Japan’s GDP rose 0.6% percent from the last quarter, a positive yet a slower than expected increase, the country’s economy exited recession. The result was an improvement from the last two quarters, yet was considered lower than expected. The positive data strengthened the Japanese Yen against the Dollar, while the Nikkei reached an eight-year high during the last session, touching the value of 18,000.
The last American session was positive for most stocks, the S&P 500 profited from the last increase in oil prices as they reached 60$ for the first time this quarter, affecting energy shares. The S&P 500 thus reached its highest value at 2,096 after an increase of 0.41%, the Dow Jones also was 0.26% higher, while the Nasdaq was up 0.75%, making it the highest increase of the three.
February 16, 2015 – Indices News
As investors were awaiting the results of the meeting between finance ministers in the euro zone at 14:00GMT, the euro rose against most currencies showing optimism regarding the Greece’s financial situation. On the other hand, if an agreement is not reached by the end of the meeting the euro may be prone to further decline.
The concerns in regards to this situation have also affected the European indices negatively, as the FTSE was down 0.20% prior to the end of the European session, in addition to the performance of Rolls-Royce, whose shares moved down 0.7% after being accused of paying bribes to receive a 100 million dollar contract. Moreover, the German DAX declined to the level of 10,935, a 0.30% drop after reaching one of its highest levels during last week.
After Japan’s GDP rose 0.6% percent from the last quarter, a positive yet a slower than expected increase, the country’s economy exited recession. The result was an improvement from the last two quarters, yet was considered lower than expected. The positive data strengthened the Japanese Yen against the Dollar, while the Nikkei reached an eight-year high during the last session, touching the value of 18,000.
The last American session was positive for most stocks, the S&P 500 profited from the last increase in oil prices as they reached 60$ for the first time this quarter, affecting energy shares. The S&P 500 thus reached its highest value at 2,096 after an increase of 0.41%, the Dow Jones also was 0.26% higher, while the Nasdaq was up 0.75%, making it the highest increase of the three.
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