U.S markets were mixed as markets reacted to slumping oil prices, mixed data and the ECB’s decision on Greece. Oil dropped almost 9% as U.S stockpiles data unexpectedly showed a climb of 6.3 million barrels over the past week pushing energy shares down once again. The ADP Nonfarm Employment change disappointed the market and showed that just 213,000 jobs were created in January. Investors had predicted to see 225,000 and the data adds to a recent batch of weak data fuelling speculation that Friday’s Nonfarm Payrolls report will also disappoint. Finally the European Central bank decided to remove a waiver that allowed Greek banks to use government bonds as collateral for ECB loans. At the end of the session, the S&P 500 was 0.42% lower at 2,041.51 and the Dow Jones was 0.04% higher at 17,673.02, but still erased a 110 point gain.
Asian markets were mixed today. The Nikkei lost 0.98% as the Yen strengthened further against the Dollar following weaker than expected U.S labour data which weakened the Dollar and the ECB decision which boosted demand for safe haven assets. The main decliners in the index were Hitachi which lost 9.88%, Nisshinbo Holdings which lost 6.94% and Nichirei Corp which lost 6.59%. The Hang Seng added 0.35% as the Chinese Central Banks decision to boost bank lending by lowering the reserve requirement ratio (RRR) for the nation’s banks by half a percentage point to stimulate lending and the broader economy, lifted sentiment. The biggest gainers were China Resources Land, which added 3.45%, China Unicom Hong Kong which added 3.37% and China Mobile which added 2.56%.
European markets are lower today. Investors are torn by a report from the European commission, which upgraded the economic outlook for 2015, and debt negotiations in Greece. Currently the DAX is down 0.46% while London’s FTSE 100 is off 0.22% and France’s CAC 40 is lower by 0.07%. Attention will now turn to tomorrows Nonfarm Payrolls report which will be released from the U.S at 1.30PM (GMT).
February 5, 2015 – Indices News
U.S markets were mixed as markets reacted to slumping oil prices, mixed data and the ECB’s decision on Greece. Oil dropped almost 9% as U.S stockpiles data unexpectedly showed a climb of 6.3 million barrels over the past week pushing energy shares down once again. The ADP Nonfarm Employment change disappointed the market and showed that just 213,000 jobs were created in January. Investors had predicted to see 225,000 and the data adds to a recent batch of weak data fuelling speculation that Friday’s Nonfarm Payrolls report will also disappoint. Finally the European Central bank decided to remove a waiver that allowed Greek banks to use government bonds as collateral for ECB loans. At the end of the session, the S&P 500 was 0.42% lower at 2,041.51 and the Dow Jones was 0.04% higher at 17,673.02, but still erased a 110 point gain.
Asian markets were mixed today. The Nikkei lost 0.98% as the Yen strengthened further against the Dollar following weaker than expected U.S labour data which weakened the Dollar and the ECB decision which boosted demand for safe haven assets. The main decliners in the index were Hitachi which lost 9.88%, Nisshinbo Holdings which lost 6.94% and Nichirei Corp which lost 6.59%. The Hang Seng added 0.35% as the Chinese Central Banks decision to boost bank lending by lowering the reserve requirement ratio (RRR) for the nation’s banks by half a percentage point to stimulate lending and the broader economy, lifted sentiment. The biggest gainers were China Resources Land, which added 3.45%, China Unicom Hong Kong which added 3.37% and China Mobile which added 2.56%.
European markets are lower today. Investors are torn by a report from the European commission, which upgraded the economic outlook for 2015, and debt negotiations in Greece. Currently the DAX is down 0.46% while London’s FTSE 100 is off 0.22% and France’s CAC 40 is lower by 0.07%. Attention will now turn to tomorrows Nonfarm Payrolls report which will be released from the U.S at 1.30PM (GMT).
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