U.S markets climbed as investors shrugged off news from Greece. The left wing Syriza party won the elections and came to power. The party is strongly against the austerity program but shock in the market was short lived and traders believe that the result is unlikely to destabilize the European economy. At session close the S&P 500 was 0.26% higher at 2,057.09 and the Dow Jones was 0.03% higher at 17,678.7. The Dow was led by increases in Chevron Corp which gained 1.9%, McDonalds Corp which gained 1.24%, Pfizer Inc which climbed 1.08% and Exxon Mobil which gained 0.96%.
Asian markets were mixed today. The Nikkei added 1.72% after the Dollar advanced strongly against the Yen throughout the day, climbing from 117.5 to 118.65. Traders also tracked U.S markets after fears regarding Greece subsided. May stocks posted strong gains including Kyowa Hakko Kirin which gained 6.96%, Keisei Electric Railway Co which gained 6.17%and MEIJI Holdings which gained 6.13%. The Hang Seng lost 0.41% and the Shanghai Composite lost 0.89% after industrial profits declined. The biggest decliners in the index were China Construction Bank Corp which lost 2.18%, Ping An Insurance Group which lost 2.11% and China Life Insurance Co which lost 2%.
European markets are lower today. The FTSE 100 is down 0.31% after the British GDP missed expectations. GDP climbed by 2.7% over the last year, lower than the expected 2.8% and by 0.5% in the last quarter, lower than the expected increase of 0.6%. BBA mortgage approvals also missed forecast at just 35.7K. The biggest decliners in the index are Royal Mail which has lost 4.3% and Dixons Carphone which has lost 4.19%. The CAC 40 is down 1.06% and the DAX is down 0.99%. The DAX is being led lower by Deutsche Bank which is down 3.37%, Siemens which is down 2.98% and Daimler which is down 2.45%.
January 27, 2015 – Indices News
U.S markets climbed as investors shrugged off news from Greece. The left wing Syriza party won the elections and came to power. The party is strongly against the austerity program but shock in the market was short lived and traders believe that the result is unlikely to destabilize the European economy. At session close the S&P 500 was 0.26% higher at 2,057.09 and the Dow Jones was 0.03% higher at 17,678.7. The Dow was led by increases in Chevron Corp which gained 1.9%, McDonalds Corp which gained 1.24%, Pfizer Inc which climbed 1.08% and Exxon Mobil which gained 0.96%.
Asian markets were mixed today. The Nikkei added 1.72% after the Dollar advanced strongly against the Yen throughout the day, climbing from 117.5 to 118.65. Traders also tracked U.S markets after fears regarding Greece subsided. May stocks posted strong gains including Kyowa Hakko Kirin which gained 6.96%, Keisei Electric Railway Co which gained 6.17%and MEIJI Holdings which gained 6.13%. The Hang Seng lost 0.41% and the Shanghai Composite lost 0.89% after industrial profits declined. The biggest decliners in the index were China Construction Bank Corp which lost 2.18%, Ping An Insurance Group which lost 2.11% and China Life Insurance Co which lost 2%.
European markets are lower today. The FTSE 100 is down 0.31% after the British GDP missed expectations. GDP climbed by 2.7% over the last year, lower than the expected 2.8% and by 0.5% in the last quarter, lower than the expected increase of 0.6%. BBA mortgage approvals also missed forecast at just 35.7K. The biggest decliners in the index are Royal Mail which has lost 4.3% and Dixons Carphone which has lost 4.19%. The CAC 40 is down 1.06% and the DAX is down 0.99%. The DAX is being led lower by Deutsche Bank which is down 3.37%, Siemens which is down 2.98% and Daimler which is down 2.45%.
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