Asian stocks have continued the upwards movement for the 2nd day on the positive outlook for U.S stocks. In Japan, all 10 industry groups on the regional gauge rose. The MSCI Asia Pacific Index moved up 0.4% in Hong Kong. Heng Seng closed 0.45% higher mainly on auto marker advance. And the Nikkei moved up by 0.72%. The bullish movement across all market are seem to be driven by positive expectations for the next earning reports release from the U.S.
European stocks continued raising for the 2nd day. Head of the ECB, Mr. Mario Draghi, testified yesterday and presented the ECB new stimulus tool. According to economists, Draghi’s new stimulus tool will hand banks more than 700B Euros ($950B) of low interest funding. The goal here is to keep the financial system money flow high while boosting credit as was planned. Theoretically, introducing more funding into the financial system should push the Euro down. However, markets reacted positively to Draghi’s testament. This was also induced by the Bullish trend generated by the 2nd quarter earning report in the U.S together with a number of European stocks who are due to publish their results today.
U.S stocks keep a bullish trend for the 2nd day as stocks close higher. The S&P 500 moved up by 0.48%, the NASDAQ advanced 0.56% and DOW JONES increased by 0.66%. Stimulating the upwards direction, Citigroup Inc. reported a better than forecasted profit. According the analysts, this should keep markets positive outlook this week as JPMorgan Chase & co, Goldman Sachs, Intel and Yahoo! inc. are due to release their results.
July 15, 2014 – Indices News
Asian stocks have continued the upwards movement for the 2nd day on the positive outlook for U.S stocks. In Japan, all 10 industry groups on the regional gauge rose. The MSCI Asia Pacific Index moved up 0.4% in Hong Kong. Heng Seng closed 0.45% higher mainly on auto marker advance. And the Nikkei moved up by 0.72%. The bullish movement across all market are seem to be driven by positive expectations for the next earning reports release from the U.S.
European stocks continued raising for the 2nd day. Head of the ECB, Mr. Mario Draghi, testified yesterday and presented the ECB new stimulus tool. According to economists, Draghi’s new stimulus tool will hand banks more than 700B Euros ($950B) of low interest funding. The goal here is to keep the financial system money flow high while boosting credit as was planned. Theoretically, introducing more funding into the financial system should push the Euro down. However, markets reacted positively to Draghi’s testament. This was also induced by the Bullish trend generated by the 2nd quarter earning report in the U.S together with a number of European stocks who are due to publish their results today.
U.S stocks keep a bullish trend for the 2nd day as stocks close higher. The S&P 500 moved up by 0.48%, the NASDAQ advanced 0.56% and DOW JONES increased by 0.66%. Stimulating the upwards direction, Citigroup Inc. reported a better than forecasted profit. According the analysts, this should keep markets positive outlook this week as JPMorgan Chase & co, Goldman Sachs, Intel and Yahoo! inc. are due to release their results.
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