Hong Kong – Shanghai Trading Link Starting on Monday
November 14, 2014 11:20 am
November 14, 2014 – Indices News
U.S stocks finished with little change for a second time. Sentiment was affected by falling oil prices but corporate news and earnings managed to push shares slightly higher. U.S. data was mostly negative; Initial jobless claims climbed to 290,000 and Continuing Jobless Claims climbed to 2,392,000. Jolts Job Openings were also lower than expected. At session close the S&P 500 was 0.05% higher at 2,039.33 and the Dow Jones was 0.23% higher at 17,652.79.
Asian markets climbed across the region. The Nikkei added 0.56% as the Dollar continued to climb against the Yen, trading around 116.4. Investors are also eager to learn if the sales tax hike will be postponed and whether elections will be held in December. This could give more room for the economy to grow and should create more interest in stocks. The Hang Seng added 0.28% as traders look forward to the start of the trading link between Hong Kong and Shanghai on Monday. This will allow investors outside of China to invest in Shanghai stocks for the first time ever.
European markets are mixed today after a range of data. German GDP met expectations at 0.1%, French GDP was higher than expected at 0.3% and the overall CPI came out on target at 0.4%. Markets shrugged off the data and reacted to falling energy shares which are being affected by declining oil prices. Currently, the CAC 40 is up 0.20% while the DAX gains 0.02%. The FTSE 100 is off 0.17%.
November 14, 2014 – Indices News
U.S stocks finished with little change for a second time. Sentiment was affected by falling oil prices but corporate news and earnings managed to push shares slightly higher. U.S. data was mostly negative; Initial jobless claims climbed to 290,000 and Continuing Jobless Claims climbed to 2,392,000. Jolts Job Openings were also lower than expected. At session close the S&P 500 was 0.05% higher at 2,039.33 and the Dow Jones was 0.23% higher at 17,652.79.
Asian markets climbed across the region. The Nikkei added 0.56% as the Dollar continued to climb against the Yen, trading around 116.4. Investors are also eager to learn if the sales tax hike will be postponed and whether elections will be held in December. This could give more room for the economy to grow and should create more interest in stocks. The Hang Seng added 0.28% as traders look forward to the start of the trading link between Hong Kong and Shanghai on Monday. This will allow investors outside of China to invest in Shanghai stocks for the first time ever.
European markets are mixed today after a range of data. German GDP met expectations at 0.1%, French GDP was higher than expected at 0.3% and the overall CPI came out on target at 0.4%. Markets shrugged off the data and reacted to falling energy shares which are being affected by declining oil prices. Currently, the CAC 40 is up 0.20% while the DAX gains 0.02%. The FTSE 100 is off 0.17%.
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