U.S markets declined following the release of weaker than expected economic data and falling oil prices. Core Durable Goods Orders declined by 0.3%, the monthly CPI declined by 0.7% and Initial Jobless Claims climbed to 313,000, much above the expected 290,000. In addition, comments from FOMC Member, James Bullard, affected equities as he was slightly more hawkish than Yellen had been in her testimonies this week. At market close the S&P 500 was 0.15% lower and the Dow Jones was 0.06% lower. In the Dow, Caterpillar lost 1.59%, Chevron lost 1.4%, Exxon Mobil lost 1.06% and Walt Disney lost 0.96%.
Asian markets were mixed across the region. The Nikkei added 0.06% despite the release of weaker than expected data. Japanese Household Spending declined by 5.1% over the past year, the yearly Core CPI came out below expectations at 2.2% and Retail Sales declined by 2%. The index was boosted as the Dollar rallied on comments from James Bullard regarding interest rates; it was trading at 119.3 at the end of the session compared to 118.8 at yesterday’s close. MEIJI Holdings added 5.24%, Sumco Corp added 4.57% and SCREEN Holdings added 3.41%. The Hang Seng declined 0.29% due to concerns that there could be tightening measures on the housing market. Wharf Holdings lost 2.92%, Want Want China Holdings lost 2.29% and China Resources Land lost 1.9%.
European markets are mixed today. The DAX is up 0.1% and the CAC 40 is up 0.24%following the release of positive data. French Consumer Spending increased by 0.6% over the past month and the final German monthly CPI increased by 0.9%. In the DAX, E.ON is up 1.83%, Beiersdorf is up 1.57% and Deutsche Telekom is up 1.55%. The FTSE 100, however, is down 0.23% as Intu Properties declined 4.4%, Royal Bank of Scotland declines 3.65% and Weir Group declines 2.54%.
February 27, 2015 – Indices News
U.S markets declined following the release of weaker than expected economic data and falling oil prices. Core Durable Goods Orders declined by 0.3%, the monthly CPI declined by 0.7% and Initial Jobless Claims climbed to 313,000, much above the expected 290,000. In addition, comments from FOMC Member, James Bullard, affected equities as he was slightly more hawkish than Yellen had been in her testimonies this week. At market close the S&P 500 was 0.15% lower and the Dow Jones was 0.06% lower. In the Dow, Caterpillar lost 1.59%, Chevron lost 1.4%, Exxon Mobil lost 1.06% and Walt Disney lost 0.96%.
Asian markets were mixed across the region. The Nikkei added 0.06% despite the release of weaker than expected data. Japanese Household Spending declined by 5.1% over the past year, the yearly Core CPI came out below expectations at 2.2% and Retail Sales declined by 2%. The index was boosted as the Dollar rallied on comments from James Bullard regarding interest rates; it was trading at 119.3 at the end of the session compared to 118.8 at yesterday’s close. MEIJI Holdings added 5.24%, Sumco Corp added 4.57% and SCREEN Holdings added 3.41%. The Hang Seng declined 0.29% due to concerns that there could be tightening measures on the housing market. Wharf Holdings lost 2.92%, Want Want China Holdings lost 2.29% and China Resources Land lost 1.9%.
European markets are mixed today. The DAX is up 0.1% and the CAC 40 is up 0.24%following the release of positive data. French Consumer Spending increased by 0.6% over the past month and the final German monthly CPI increased by 0.9%. In the DAX, E.ON is up 1.83%, Beiersdorf is up 1.57% and Deutsche Telekom is up 1.55%. The FTSE 100, however, is down 0.23% as Intu Properties declined 4.4%, Royal Bank of Scotland declines 3.65% and Weir Group declines 2.54%.
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