European Stocks Gained on Greek Developments
April 22, 2015 9:00 amVideo
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April 22, 2015 – Indices News
Officials from the Eurozone have stated that no new deadline will be set to reach an agreement with Greece, as not much progress is being made in the attempt of reaching an agreement between the two sides yet. This decision seems to have been interpreted positively in the market, as the major indices finished higher after yesterday’s session. The German DAX was up by 0.40%, after it managed to shrug off the effect of the German ZEW Economic Sentiment, which was lower than expected. In addition, the FTSE 100 increased by 0.15% reaching a record level of 7,062, the French CAC 40 was up by 10%. There are no major released in today’s European session, therefore the main concern of traders may be any recent development in Greece’s situation with the Eurozone.
American stocks moved lower during yesterday’s trading after several earnings reports were released below expectations, stopping the bullish sentiment and bringing the market down from its peaks. The S&P 500 was down 0.15%, reaching the value of 2,097 after rebounding from the level of 2,100, whereas the Dow Jones was down 0.47% to 17,949. The Nasdaq reached one of its highest levels at 5,014, after it increased by 0.39% during the last session. Despite the increase in index, some of its components had a slightly more negative session. Yahoo shares dropped sharply after the opening of the session, reaching the value of 42.7, whereas Apple Inc. dropped by 0.54%, and Microsoft Corp. was down by 0.63%.
The bullish movement continued in today’s Asian session, as the Japanese data released at the prior to the session supported the Japanese markets. The Japanese index has reached its 15-year high level, getting to 20,110, surpassing the level of 20,000 and increasing by more than 1%. Several stocks were also supported by the data, such as Panasonic Corp., which was up by 1.43%, in addition to Nikon Corp., which rose by 2.85%. The Hang Seng Index dropped by 0.6% towards the end of the session, yet it remained at record levels after its sharp increase at the beginning of the week. Overall, the Asian markets remained at high levels, supported by the recent events in China aimed at improving the country’s economy, which continues to support the markets.
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