U.S markets climbed in reaction to better than expected earnings. Markets have been moving on expectations regarding the interest rate hike and traders have been receiving mixed signals. Last week most speeches from FOMC Members were dovish causing a shift in expectations that the rate would be hiked in December instead of September. Yesterday, FOMC Member Dudley spoke in New York. He was slightly hawkish and commented that he hopes weak data will be temporary and support a decision to lift rates at some point this year. At session close, the S&P 500 was 0.92% higher at 2,100.4 and the Dow Jones was 1.2% higher at 18,034.93.
Asian markets rallied today. The Nikkei added 1.4% as the Dollar gained against the Yen; the Dollar traded at 119.65 at session close compared to 119.3 at the open. The Dollar strengthened as traders shrugged off last week’s dovish statements. The Yen also weakened after Nomura Holdings stated that the Yen’s gain is not justified by fundamentals and predicted that the currency will weaken in May. Tokyu Corp added 5.95%, Credit Saison Co added 5.13% and Daiichi Sankyo Co added 4.4%. The Hang Seng rallied 2.79% as investors re assessed the continuing monetary stimulus from the PBOC and new easing measures. The index was mostly boosted by China Resources Enterprise which added 56% following an offer to buy its none- beer business. Other gainers were China Mobile which added 7.51% and Ping An Insurance Group of China which added 5.17%.
European markets are higher today. Investors are patiently watching developments with Greece as they need to reach a bailout agreement. Data came out mixed with the German ZEW Economic Sentiment coming out at 53.3 when predicted to be 55.3 and the overall ZEW Economic sentiment climbing to 64.8 when predicted to be 63.7. Holger Schmieding, chief economist at Berenberg, commented that the data shows that “Germany is doing fine. In fact, it may now be doing so well that some observers believe it can’t get much better. That seems to be the message from German ZEW investor confidence.” Currently, the FTSE 100 is 0.32% higher, the DAX is 0.86% higher and the CAC 40 is 0.44% higher. In the FTSE, Sky is up 5.13%, ARM Holdings is up 3.74% and Pearson is up 2.91%. In the DAX, SAP is up 2.29%, Continental AG is up 1.49% and Daimler is up 1.36%.
April 21, 2015 – Indices News
U.S markets climbed in reaction to better than expected earnings. Markets have been moving on expectations regarding the interest rate hike and traders have been receiving mixed signals. Last week most speeches from FOMC Members were dovish causing a shift in expectations that the rate would be hiked in December instead of September. Yesterday, FOMC Member Dudley spoke in New York. He was slightly hawkish and commented that he hopes weak data will be temporary and support a decision to lift rates at some point this year. At session close, the S&P 500 was 0.92% higher at 2,100.4 and the Dow Jones was 1.2% higher at 18,034.93.
Asian markets rallied today. The Nikkei added 1.4% as the Dollar gained against the Yen; the Dollar traded at 119.65 at session close compared to 119.3 at the open. The Dollar strengthened as traders shrugged off last week’s dovish statements. The Yen also weakened after Nomura Holdings stated that the Yen’s gain is not justified by fundamentals and predicted that the currency will weaken in May. Tokyu Corp added 5.95%, Credit Saison Co added 5.13% and Daiichi Sankyo Co added 4.4%. The Hang Seng rallied 2.79% as investors re assessed the continuing monetary stimulus from the PBOC and new easing measures. The index was mostly boosted by China Resources Enterprise which added 56% following an offer to buy its none- beer business. Other gainers were China Mobile which added 7.51% and Ping An Insurance Group of China which added 5.17%.
European markets are higher today. Investors are patiently watching developments with Greece as they need to reach a bailout agreement. Data came out mixed with the German ZEW Economic Sentiment coming out at 53.3 when predicted to be 55.3 and the overall ZEW Economic sentiment climbing to 64.8 when predicted to be 63.7. Holger Schmieding, chief economist at Berenberg, commented that the data shows that “Germany is doing fine. In fact, it may now be doing so well that some observers believe it can’t get much better. That seems to be the message from German ZEW investor confidence.” Currently, the FTSE 100 is 0.32% higher, the DAX is 0.86% higher and the CAC 40 is 0.44% higher. In the FTSE, Sky is up 5.13%, ARM Holdings is up 3.74% and Pearson is up 2.91%. In the DAX, SAP is up 2.29%, Continental AG is up 1.49% and Daimler is up 1.36%.
Related Posts: