U.S markets ended lower yesterday as Greek negotiations dominated sentiment. Speculation began that Greece would be forced to leave the Eurozone as the Greek Prime Minister showed no signs of backing down and requested a bridging loan. Weak Chinese data also hit sentiment where exports slid 3.3% and imports declined by 19.9%. Financial shares were lower on the back of reports that the stronger Dollar could hurt balance sheets. At session close the S&P 500 was 0.4% lower at 2,046.74 and the Dow Jones was 0.5% at 17,729.21.
Asian markets were mixed today. The Nikkei lost 0.33% as the Yen remained firmer during the Asian session. The Dollar was trading around 118.7 at the close of the Asian session. The biggest decliners in the index were Daikin Industries which lost 5.54%, Tokyo Electron which lost 3.58% and Sumitomo Metal Mining Co which lost 2.43%. The Hang Seng added 0.03%. The index first declined after the CPI increased by just 0.8% over the past year, below expectations of a 1% increase. The PPI also decreased by 4.3% which is a stronger decline than the expected 3.8%. Losses were eroded, however, on reports that the PBOC had pumped 80 billion Yuan into the economy. China Merchants Holdings added 3.43%, Want Want China Holdings added 1.87% and China Resources Power Holdings added 1.74%.
European markets are mixed today as investors track developments over the Greek debt situation. It has recently been released that an agreement is becoming more likely and the European Commission may consider extending the program by 6 months. Currently, the FTSE 100 is down 0.21%and is being led by Royal Mail which is down 4.73%, BG Group which is down 4.1%, Randgold Resources which is down 3.88% and Tullow Oil which is down 3.74%. The DAX is up 0.92%; the biggest gainers in the index are Continental AG which is up 3.24%, RWE AG which is up 2.24% and Deutsche Telekom which is up 2.15%. The CAC 40 is up 1.04% and is gaining on the back of positive French data which showed Industrial Production climbed by 1.5% during the past month which was much higher than the expected 0.4%.
February 10, 2015 – Indices News
U.S markets ended lower yesterday as Greek negotiations dominated sentiment. Speculation began that Greece would be forced to leave the Eurozone as the Greek Prime Minister showed no signs of backing down and requested a bridging loan. Weak Chinese data also hit sentiment where exports slid 3.3% and imports declined by 19.9%. Financial shares were lower on the back of reports that the stronger Dollar could hurt balance sheets. At session close the S&P 500 was 0.4% lower at 2,046.74 and the Dow Jones was 0.5% at 17,729.21.
Asian markets were mixed today. The Nikkei lost 0.33% as the Yen remained firmer during the Asian session. The Dollar was trading around 118.7 at the close of the Asian session. The biggest decliners in the index were Daikin Industries which lost 5.54%, Tokyo Electron which lost 3.58% and Sumitomo Metal Mining Co which lost 2.43%. The Hang Seng added 0.03%. The index first declined after the CPI increased by just 0.8% over the past year, below expectations of a 1% increase. The PPI also decreased by 4.3% which is a stronger decline than the expected 3.8%. Losses were eroded, however, on reports that the PBOC had pumped 80 billion Yuan into the economy. China Merchants Holdings added 3.43%, Want Want China Holdings added 1.87% and China Resources Power Holdings added 1.74%.
European markets are mixed today as investors track developments over the Greek debt situation. It has recently been released that an agreement is becoming more likely and the European Commission may consider extending the program by 6 months. Currently, the FTSE 100 is down 0.21%and is being led by Royal Mail which is down 4.73%, BG Group which is down 4.1%, Randgold Resources which is down 3.88% and Tullow Oil which is down 3.74%. The DAX is up 0.92%; the biggest gainers in the index are Continental AG which is up 3.24%, RWE AG which is up 2.24% and Deutsche Telekom which is up 2.15%. The CAC 40 is up 1.04% and is gaining on the back of positive French data which showed Industrial Production climbed by 1.5% during the past month which was much higher than the expected 0.4%.
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