U.S markets climbed on Friday, reaching new record levels. Optimism was boosted by news that Eurozone officials agreed to a 4 month extension to Greece’s current bailout plan. Stronger than expected U.S data was also released with Manufacturing PMI coming out at 54.3, above the expected 53.6. The S&P 500 added 0.6% to 2,110.3 and the Dow Jones added 0.9% to 18,140.44.
Asian markets climbed today. The Hang Seng added 0.02%as it reopened after New Year’s celebrations. Tencent Holdings, its biggest component, added 3.77%, MTR Corp added 3.16% and CITIC Ltd added 1.82%. The Nikkei added 0.73% to a 15 year high as the Dollar climbed against the Yen during the Asian session, reaching 119.3. Companies were boosted by the weaker Yen; Casio Computer Co added 5.9%, Kuraray Co added 4.06%, Sumco Corp added 4.05% and Nippon Suisan Kaisha added 3.77%. The Shanghai Composite remained closed for the Lunar New Year.
European markets are mixed today. Optimism over the Greek bailout faded and replaced with worries over the future. The deal doesn’t change the fundamental problems and Greece has to create a list of reforms which must be approved by Eurozone finance ministers today. Currently, the FTSE 100 is 0.29% lower, the DAX is 0.39% lower and the CAC 40 is 0.55% lower. In the FTSE, Standard Chartered PLC is currently down 5.65%, HSBC Holdings is down 5.17% after releasing that profit was down 17%, and Tullow Oil is down 3.81% as oil prices continue to fall.
February 23, 2015 – Indices News
U.S markets climbed on Friday, reaching new record levels. Optimism was boosted by news that Eurozone officials agreed to a 4 month extension to Greece’s current bailout plan. Stronger than expected U.S data was also released with Manufacturing PMI coming out at 54.3, above the expected 53.6. The S&P 500 added 0.6% to 2,110.3 and the Dow Jones added 0.9% to 18,140.44.
Asian markets climbed today. The Hang Seng added 0.02%as it reopened after New Year’s celebrations. Tencent Holdings, its biggest component, added 3.77%, MTR Corp added 3.16% and CITIC Ltd added 1.82%. The Nikkei added 0.73% to a 15 year high as the Dollar climbed against the Yen during the Asian session, reaching 119.3. Companies were boosted by the weaker Yen; Casio Computer Co added 5.9%, Kuraray Co added 4.06%, Sumco Corp added 4.05% and Nippon Suisan Kaisha added 3.77%. The Shanghai Composite remained closed for the Lunar New Year.
European markets are mixed today. Optimism over the Greek bailout faded and replaced with worries over the future. The deal doesn’t change the fundamental problems and Greece has to create a list of reforms which must be approved by Eurozone finance ministers today. Currently, the FTSE 100 is 0.29% lower, the DAX is 0.39% lower and the CAC 40 is 0.55% lower. In the FTSE, Standard Chartered PLC is currently down 5.65%, HSBC Holdings is down 5.17% after releasing that profit was down 17%, and Tullow Oil is down 3.81% as oil prices continue to fall.
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