Asian markets were mixed today as Chinese GDP growth met projections and accelerated to 7.5% in the 2nd quarter from a year earlier. The MSCI index lost 0.1%. Japan’s Topix index was little changed and the Hang Seng gained 0.3%. The Shanghai Composite declined 02.%.
European stocks gained for a third day. The FTSE 100 closed 1.05% higher, the DAX closed 1.27% higher and the CAC 40 closed 1.48% higher. After dropping last week on fears from a potential collapse of banks in Portugal, Italy and Spain, euro-zone stocks started recovering on positive earning reports from the U.S. However, today’s bullish movement was in large due to the rally of Portuguese banks which reacted to the higher than expected expenditure of China’s economy.
U.S markets advanced for a third day due to 2nd quarter earning reports which were above expectations, and also due to potential collaborations between different companies. Apple (+1.22%) and IBM (+1.53%) announced a deal to develop simple-to use business apps as well as selling Iphones and Ipads to IBM’s corporate customers. Time Warner inc. is up 12.56% after rejecting 21st Century Fox Inc.’s takeover bid. Intel rose 6.5% after releasing 3rd quarter sales which were above analysts’ projections. Currently, the S&P 500 is 0.5% higher and the Dow Jones is 0.4% higher. The Dow has also reached a new record of 17,122.5. Later today Ebay Inc and Yum! Brands inc are reporting earnings.
July 16, 2014 – Indices News
Asian markets were mixed today as Chinese GDP growth met projections and accelerated to 7.5% in the 2nd quarter from a year earlier. The MSCI index lost 0.1%. Japan’s Topix index was little changed and the Hang Seng gained 0.3%. The Shanghai Composite declined 02.%.
European stocks gained for a third day. The FTSE 100 closed 1.05% higher, the DAX closed 1.27% higher and the CAC 40 closed 1.48% higher. After dropping last week on fears from a potential collapse of banks in Portugal, Italy and Spain, euro-zone stocks started recovering on positive earning reports from the U.S. However, today’s bullish movement was in large due to the rally of Portuguese banks which reacted to the higher than expected expenditure of China’s economy.
U.S markets advanced for a third day due to 2nd quarter earning reports which were above expectations, and also due to potential collaborations between different companies. Apple (+1.22%) and IBM (+1.53%) announced a deal to develop simple-to use business apps as well as selling Iphones and Ipads to IBM’s corporate customers. Time Warner inc. is up 12.56% after rejecting 21st Century Fox Inc.’s takeover bid. Intel rose 6.5% after releasing 3rd quarter sales which were above analysts’ projections. Currently, the S&P 500 is 0.5% higher and the Dow Jones is 0.4% higher. The Dow has also reached a new record of 17,122.5. Later today Ebay Inc and Yum! Brands inc are reporting earnings.
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