U.S markets declined and according to MarketWatch, losses were seen as steam ran out. Jolts Job openings data was released and beat expectations at 5.133 million when originally predicted to be 5.010 million. FOMC Member, Kocherlakota, also spoke and made dovish comments that rates should be maintained at their current level until the second half of 2016. He expressed concern that hiking rates could knock steam out of the economy. Regardless of both events, markets remained under pressure and at session close the S&P 500 was 0.2% lower at 2,076.33 and the Dow Jones was 0.1% lower at 17,875.42. Traders will look ahead to the FOMC Meeting Minutes report which will be released today.
Asian markets climbed across the region. The Nikkei added 0.76% as the Dollar was higher against the Yen; the Dollar traded around 119.86 at session close compared to 119.8 at the same time a day earlier. Traders also reacted to the Bank of Japan’s Press conference. The bank stated that they will maintain their current monetary policy and continue their quantitative easing program at an annual pace of 80 trillion yen. They also gave an optimistic outlook of the economy despite recent weak data. The bank will release their monthly report at 5am. Dentsu Inc added 6.06%, Shiseido Co added 5.25% and Aeon Co added 4.98%. The Hang Seng added 3.74% to a 7 year high as investors returned from a 5 day holiday. Funds appeared to flow into the market from China which has benefitted from the new trading link and from mutual funds. Hong Kong Exchanges and Clearing added 12.24%, Belle International Holdings added 9.63% and China Merchants Holdings added 8.79%.
European markets are lower today. Stocks initially reached record highs as news of a deal between Shell and BG entered the market. However, traders then became hesitant ahead of the upcoming FOMC Meeting Minutes report. The DAX is down 0.5% and is reacting to German Factory Orders data which declined by 0.9% when predicted to increase by 1.5%. In the index, Bayerische Motoren Werke is down 1.74%, Daimler AG is down 1.33% and E.ON is down 1.09%. The FTSE 100 is down 0.14%. Losses are being led by Royal Dutch Shell which is down 8.22%. BG Group, however, is up 28.24%. The CAC 40 is down 0.15%.
April 8, 2015 – Indices News
U.S markets declined and according to MarketWatch, losses were seen as steam ran out. Jolts Job openings data was released and beat expectations at 5.133 million when originally predicted to be 5.010 million. FOMC Member, Kocherlakota, also spoke and made dovish comments that rates should be maintained at their current level until the second half of 2016. He expressed concern that hiking rates could knock steam out of the economy. Regardless of both events, markets remained under pressure and at session close the S&P 500 was 0.2% lower at 2,076.33 and the Dow Jones was 0.1% lower at 17,875.42. Traders will look ahead to the FOMC Meeting Minutes report which will be released today.
Asian markets climbed across the region. The Nikkei added 0.76% as the Dollar was higher against the Yen; the Dollar traded around 119.86 at session close compared to 119.8 at the same time a day earlier. Traders also reacted to the Bank of Japan’s Press conference. The bank stated that they will maintain their current monetary policy and continue their quantitative easing program at an annual pace of 80 trillion yen. They also gave an optimistic outlook of the economy despite recent weak data. The bank will release their monthly report at 5am. Dentsu Inc added 6.06%, Shiseido Co added 5.25% and Aeon Co added 4.98%. The Hang Seng added 3.74% to a 7 year high as investors returned from a 5 day holiday. Funds appeared to flow into the market from China which has benefitted from the new trading link and from mutual funds. Hong Kong Exchanges and Clearing added 12.24%, Belle International Holdings added 9.63% and China Merchants Holdings added 8.79%.
European markets are lower today. Stocks initially reached record highs as news of a deal between Shell and BG entered the market. However, traders then became hesitant ahead of the upcoming FOMC Meeting Minutes report. The DAX is down 0.5% and is reacting to German Factory Orders data which declined by 0.9% when predicted to increase by 1.5%. In the index, Bayerische Motoren Werke is down 1.74%, Daimler AG is down 1.33% and E.ON is down 1.09%. The FTSE 100 is down 0.14%. Losses are being led by Royal Dutch Shell which is down 8.22%. BG Group, however, is up 28.24%. The CAC 40 is down 0.15%.
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