U.S markets finished mostly higher yesterday. Markets shrugged off weaker than expected data including the U.S CB Consumer Confidence index which dropped to 95.2 but was expected to be 102.5. Traders appeared to be focusing on the upcoming FOMC statement. The statement is expected to be dovish and it is widely speculated that the Federal Reserve will now support a later interest rate hike with respect to recent data which has been consistently disappointing. What will be interesting to see, however, is how the Fed interprets the data with respect to the harsh winter. Indices gain from this as they gain in times of low interest rates and loose monetary policy. At session close, the S&P 500 was 0.3% higher at 2,114.76 and the Dow Jones was 0.4% higher at 18,110.14. In earnings news, Twitter sank a whopping 18% after releasing lower than expected revenue, Ford declined 7% on lower profit and Pfizer dropped 0.3% on a weaker yearly outlook.
Asian markets were higher today. The Hang Seng lost 0.15% after China’s securities regulator issued another warning against risk due to soaring shares. Wharf Holdings lost 5.66%, China Shenhua Energy Co lost 2.42% and Galaxy Entertainment Group lost 1.95%. The Nikkei remained closed for a holiday in Japan.
European markets are lower today. Investors are becoming cautious ahead of the FOMC statement. Stocks are also down as the Euro strengthens against the Dollar. Currently, the FTSE is 0.79% lower, the DAX is 2.77% lower and the CAC 40 is 1.94% lower. In the FTSE, Hikma Pharmaceuticals is 3.25% lower, CRH is 3.07% lower and Carnival PLC is down 2.62%. In the DAX, Continental is down 4.41% and Volkswagen is down 3.7%.
April 29, 2015 – Indices News
U.S markets finished mostly higher yesterday. Markets shrugged off weaker than expected data including the U.S CB Consumer Confidence index which dropped to 95.2 but was expected to be 102.5. Traders appeared to be focusing on the upcoming FOMC statement. The statement is expected to be dovish and it is widely speculated that the Federal Reserve will now support a later interest rate hike with respect to recent data which has been consistently disappointing. What will be interesting to see, however, is how the Fed interprets the data with respect to the harsh winter. Indices gain from this as they gain in times of low interest rates and loose monetary policy. At session close, the S&P 500 was 0.3% higher at 2,114.76 and the Dow Jones was 0.4% higher at 18,110.14. In earnings news, Twitter sank a whopping 18% after releasing lower than expected revenue, Ford declined 7% on lower profit and Pfizer dropped 0.3% on a weaker yearly outlook.
Asian markets were higher today. The Hang Seng lost 0.15% after China’s securities regulator issued another warning against risk due to soaring shares. Wharf Holdings lost 5.66%, China Shenhua Energy Co lost 2.42% and Galaxy Entertainment Group lost 1.95%. The Nikkei remained closed for a holiday in Japan.
European markets are lower today. Investors are becoming cautious ahead of the FOMC statement. Stocks are also down as the Euro strengthens against the Dollar. Currently, the FTSE is 0.79% lower, the DAX is 2.77% lower and the CAC 40 is 1.94% lower. In the FTSE, Hikma Pharmaceuticals is 3.25% lower, CRH is 3.07% lower and Carnival PLC is down 2.62%. In the DAX, Continental is down 4.41% and Volkswagen is down 3.7%.
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