After a strong sell off due to concerns over the global outlook, U.S. stocks climbed slightly. Gains were seen after earnings season started with positive results. Intel, Johnson & Johnson, Citigroup and Wells Fargo&Co all posted better than expected earnings figures. JP Morgan was slightly lower than expected but still posted strong revenue. Citigroup shares climbed 3.2% after the release and overall results brought some investor confidence back to the market. The S&P 500 closed 0.16% higher but the Dow Jones finished with little change, dropping 0.4%.
Asian markets climbed across the region. After 5 days of losses, the Nikkei added 0.92% as the Dollar gained slightly against the Yen. Japanese Industrial production also came out worse than expected and declined 1.9% weakening the Yen further. The Hang Seng rose 0.4% after China released lower than expected inflation data. The yearly CPI increased by 1.6%, below the forecast of 1.7%. The weak data fuelled expectations that China may react by injecting more stimulus into the economy.
European markets are lower today as traders still digest weak data from Germany increasing fears that the euro zone could be reaching a recession. Currently, The FTSE 100 gained 0.41% while the DAX was higher by 0.14%. The CAC 40 is even.
October 15, 2014 – Indices News
After a strong sell off due to concerns over the global outlook, U.S. stocks climbed slightly. Gains were seen after earnings season started with positive results. Intel, Johnson & Johnson, Citigroup and Wells Fargo&Co all posted better than expected earnings figures. JP Morgan was slightly lower than expected but still posted strong revenue. Citigroup shares climbed 3.2% after the release and overall results brought some investor confidence back to the market. The S&P 500 closed 0.16% higher but the Dow Jones finished with little change, dropping 0.4%.
Asian markets climbed across the region. After 5 days of losses, the Nikkei added 0.92% as the Dollar gained slightly against the Yen. Japanese Industrial production also came out worse than expected and declined 1.9% weakening the Yen further. The Hang Seng rose 0.4% after China released lower than expected inflation data. The yearly CPI increased by 1.6%, below the forecast of 1.7%. The weak data fuelled expectations that China may react by injecting more stimulus into the economy.
European markets are lower today as traders still digest weak data from Germany increasing fears that the euro zone could be reaching a recession. Currently, The FTSE 100 gained 0.41% while the DAX was higher by 0.14%. The CAC 40 is even.
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