U.S markets climbed buoyed by a rebound in oil prices which pushed through $50/barrel again, deal news and upbeat quarterly earnings. Hospira Inc. rallied 35% after Pfizer announced plans to buy the company in a $16 billion all-cash deal, Pfizer shares also added 2.9%. Twitter also rallied 10% after adjusted fourth quarter earnings. At session close, the S&P 500 was 1.03% higher at 2,062.52 and Dow Jones was 1.2% higher at 17,884.88. Stock futures are moving higher today as speculation begins before the NFP report which will be released at 1.30 PM( GMT).
Asian markets were mixed this morning. The Nikkei added 0.82% as the rebounded and traders became apprehensive ahead of today’s NFP figure. Nisshin Steel soared 18.72%, Nitto Boseki Co added 11.11% and Nissan Chemical Industries added 5.06%. The Hang Seng lost 0.35% after comments from a senior official at the People’s Bank of China that the latest cut by the bank is not the beginning of a stimulus plan. China Overseas Land & Investment lost 3.16%, China Mobile lost 2.22%, and Power Assets Holdings lost 2.11%.
European markets are lower today as uncertainty over Greece continues and traders are waiting for the U.S labour data. Currently, The DAX is down 0.61% while France’s CAC 40 is off 0.29% and London’s FTSE 100 is lower by 0.26%. The DAX is being led lower by Bayer AG which is down 2.71%, Deutsche Lufthansa which is down 1.78% and Siemens AG which is down 0.81% after reports that it will cut 7,800 jobs globally as part of a restructuring plan. The FTSE is being led by Dixons Carphone which is down 2.35%, Barratt Developments which is down 1.96%, WPP PLC which is down 1.71% and Easyjet which is down 1.56%.
February 6, 2015 – Indices News
U.S markets climbed buoyed by a rebound in oil prices which pushed through $50/barrel again, deal news and upbeat quarterly earnings. Hospira Inc. rallied 35% after Pfizer announced plans to buy the company in a $16 billion all-cash deal, Pfizer shares also added 2.9%. Twitter also rallied 10% after adjusted fourth quarter earnings. At session close, the S&P 500 was 1.03% higher at 2,062.52 and Dow Jones was 1.2% higher at 17,884.88. Stock futures are moving higher today as speculation begins before the NFP report which will be released at 1.30 PM( GMT).
Asian markets were mixed this morning. The Nikkei added 0.82% as the rebounded and traders became apprehensive ahead of today’s NFP figure. Nisshin Steel soared 18.72%, Nitto Boseki Co added 11.11% and Nissan Chemical Industries added 5.06%. The Hang Seng lost 0.35% after comments from a senior official at the People’s Bank of China that the latest cut by the bank is not the beginning of a stimulus plan. China Overseas Land & Investment lost 3.16%, China Mobile lost 2.22%, and Power Assets Holdings lost 2.11%.
European markets are lower today as uncertainty over Greece continues and traders are waiting for the U.S labour data. Currently, The DAX is down 0.61% while France’s CAC 40 is off 0.29% and London’s FTSE 100 is lower by 0.26%. The DAX is being led lower by Bayer AG which is down 2.71%, Deutsche Lufthansa which is down 1.78% and Siemens AG which is down 0.81% after reports that it will cut 7,800 jobs globally as part of a restructuring plan. The FTSE is being led by Dixons Carphone which is down 2.35%, Barratt Developments which is down 1.96%, WPP PLC which is down 1.71% and Easyjet which is down 1.56%.
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