U.S markets dropped after a volatile session. Falling oil prices continued to hit sentiment. Losses were seen despite the release of positive labour data. JOLTS Job Opening showed that 4.972 million jobs were available at the end of November. At session close the S&P 500 was 0.26% lower at 2,023.03 and the Dow Jones was 0.15% lower at 17,613.68.
Asian markets dropped across the region. A report was released from the World Bank stating that the global growth forecast for 2015 was downgraded from 3.4% to 3% due to weakness in emerging markets. The report knocked investor confidence triggering a selloff in the market. The Nikkei lost 1.71% as the report increased demand for safe haven assets boosting the Yen. The Dollar was trading around 117 at the end of the Asian session compared to 118 at the open. Sumitomo Metal Mining lost 8.19%, Mitsubishi Materials lost 5.53%, JFE Holdings lost 5.32%, Sumco Corp lost 5.15% and Mitsui Mining lost 5.09%. The Hang Seng lost 0.43% as sentiment was hit by the report and by oil prices.
European markets are lower today after the World Bank’s report highlighted that the Euro zone is a threat to global growth. Losses could be greater but a report was also released that showed the European Court of Justice gave a green light to the European Central Bank’s asset purchasing programme. Currently, the FTSE 100 is down 2.24% while France’s CAC 40 is off 1.16% and Germany’s DAX is lower by 0.83%. The FTSE is being led lower by Anglo American which is down 8.47% and Glencore PLC which is down 8.35%.
January 14, 2015 – Indices News
U.S markets dropped after a volatile session. Falling oil prices continued to hit sentiment. Losses were seen despite the release of positive labour data. JOLTS Job Opening showed that 4.972 million jobs were available at the end of November. At session close the S&P 500 was 0.26% lower at 2,023.03 and the Dow Jones was 0.15% lower at 17,613.68.
Asian markets dropped across the region. A report was released from the World Bank stating that the global growth forecast for 2015 was downgraded from 3.4% to 3% due to weakness in emerging markets. The report knocked investor confidence triggering a selloff in the market. The Nikkei lost 1.71% as the report increased demand for safe haven assets boosting the Yen. The Dollar was trading around 117 at the end of the Asian session compared to 118 at the open. Sumitomo Metal Mining lost 8.19%, Mitsubishi Materials lost 5.53%, JFE Holdings lost 5.32%, Sumco Corp lost 5.15% and Mitsui Mining lost 5.09%. The Hang Seng lost 0.43% as sentiment was hit by the report and by oil prices.
European markets are lower today after the World Bank’s report highlighted that the Euro zone is a threat to global growth. Losses could be greater but a report was also released that showed the European Court of Justice gave a green light to the European Central Bank’s asset purchasing programme. Currently, the FTSE 100 is down 2.24% while France’s CAC 40 is off 1.16% and Germany’s DAX is lower by 0.83%. The FTSE is being led lower by Anglo American which is down 8.47% and Glencore PLC which is down 8.35%.
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