U.S markets were mixed. Markets showed little reaction to a second testimony from Janet Yellen, the Head of the Federal Reserve. Yellen testified before the House Financial Services Committee and stressed that an interest rate increase will be made when the economy is on track to reach the 2% target inflation rate. No new information was released and overall, the speech was more dovish than expected. At session close the S&P 500 was 0.08% lower at 2,113.86.The Dow Jones, however, reached another record close at 18,224.57, gaining 0.08%. In the Dow, McDonalds added 3.87%, General Electric Co added 2.05% and American Express added 1.62%.
Asian markets were higher across the region. The Nikkei added 1.08%, reaching a 15- year high, despite the Dollar making little change against the Yen. Traders appeared to be risk on after comments from Janet Yellen suggested that the Fed is in no hurry to raise rates. Kawasaki Kisen added 4.66%, Sompo Japan Nipponkoa Holdings added 4.61% and Yahoo Japan Corp added 3.69%. The Hang Seng added 0.51% after a strong rally on Chinese markets. China Shenhua Energy Co added 2.75%, CNOOC Ltd added 2.39% and PetroChina Co added 2.04%.
European markets are mixed today following a batch of mixed data. The German Unemployment Change showed a much stronger decline than expected of 20,000 and the GfK German Consumer Climate climbed to 9.7. The DAX is up 0.39% while the CAC 40 gains 0.05%. The FTSE 100 is off 0.08%. In the DAX, Bayer is up 3.82% and Commerzbank is up 1.56%. In the FTSE, RSA Insurance Group is down 6.04%, Royal Bank of Scotland is down 5.33% and Easyjet is down 4.63%.
February 26,2015 – Indices News
U.S markets were mixed. Markets showed little reaction to a second testimony from Janet Yellen, the Head of the Federal Reserve. Yellen testified before the House Financial Services Committee and stressed that an interest rate increase will be made when the economy is on track to reach the 2% target inflation rate. No new information was released and overall, the speech was more dovish than expected. At session close the S&P 500 was 0.08% lower at 2,113.86.The Dow Jones, however, reached another record close at 18,224.57, gaining 0.08%. In the Dow, McDonalds added 3.87%, General Electric Co added 2.05% and American Express added 1.62%.
Asian markets were higher across the region. The Nikkei added 1.08%, reaching a 15- year high, despite the Dollar making little change against the Yen. Traders appeared to be risk on after comments from Janet Yellen suggested that the Fed is in no hurry to raise rates. Kawasaki Kisen added 4.66%, Sompo Japan Nipponkoa Holdings added 4.61% and Yahoo Japan Corp added 3.69%. The Hang Seng added 0.51% after a strong rally on Chinese markets. China Shenhua Energy Co added 2.75%, CNOOC Ltd added 2.39% and PetroChina Co added 2.04%.
European markets are mixed today following a batch of mixed data. The German Unemployment Change showed a much stronger decline than expected of 20,000 and the GfK German Consumer Climate climbed to 9.7. The DAX is up 0.39% while the CAC 40 gains 0.05%. The FTSE 100 is off 0.08%. In the DAX, Bayer is up 3.82% and Commerzbank is up 1.56%. In the FTSE, RSA Insurance Group is down 6.04%, Royal Bank of Scotland is down 5.33% and Easyjet is down 4.63%.
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