The major American indices finished April by dropping by more than 1% yesterday, after most of their components dropped in trading including major stocks like Apple and Amazon Inc.. After reaching record levels in the last month, the Nasdaq dropped below the psychological level of 5,000, while the Dow Jones dropped below 18,000. Today’s major event will be the release of the ISM Manufacturing PMI. The dollar is still weaker against most currencies, as it is still affected by the negative economic data from the U.S., reaching the value of $1.1250 against the euro.
The Japanese Nikkei was up by 0.6% by the end of the session, getting back above the level of 19,500. The Chinese markets closed earlier this week due to Labor Day, whereas the Japanese markets performed better than yesterday, with the release of economic data which for the most part was better than expectations. A positive Manufacturing PMI was released from China today, and its impact may be noticed on the indices after the trading is renewed. Markets in Japan will be closed for most of next week due to Greenery Day, and will only be reopened on Thursday. Today’s trading was quiet for commodities such as gold, as the absence of Chinese traders was noticed as the metal traded in a tight range.
While the German and French markets remain closed for Labor Day, the FTSE 100 had a rough start as the Manufacturing PMI from the U.K. was lower than expectations, causing the index to drop to 6,925 before correcting upwards. One of the contributors to the upwards movement on the index was the Lloyd Bank, which was up by 4% after the release of its quarterly earnings report. The GBP was lower against most currencies after the release of the PMI, reaching $1.530 against the dollar. No major reports are to be released today from the Eurozone.
May 1, 2015 – Indices News
The major American indices finished April by dropping by more than 1% yesterday, after most of their components dropped in trading including major stocks like Apple and Amazon Inc.. After reaching record levels in the last month, the Nasdaq dropped below the psychological level of 5,000, while the Dow Jones dropped below 18,000. Today’s major event will be the release of the ISM Manufacturing PMI. The dollar is still weaker against most currencies, as it is still affected by the negative economic data from the U.S., reaching the value of $1.1250 against the euro.
The Japanese Nikkei was up by 0.6% by the end of the session, getting back above the level of 19,500. The Chinese markets closed earlier this week due to Labor Day, whereas the Japanese markets performed better than yesterday, with the release of economic data which for the most part was better than expectations. A positive Manufacturing PMI was released from China today, and its impact may be noticed on the indices after the trading is renewed. Markets in Japan will be closed for most of next week due to Greenery Day, and will only be reopened on Thursday. Today’s trading was quiet for commodities such as gold, as the absence of Chinese traders was noticed as the metal traded in a tight range.
While the German and French markets remain closed for Labor Day, the FTSE 100 had a rough start as the Manufacturing PMI from the U.K. was lower than expectations, causing the index to drop to 6,925 before correcting upwards. One of the contributors to the upwards movement on the index was the Lloyd Bank, which was up by 4% after the release of its quarterly earnings report. The GBP was lower against most currencies after the release of the PMI, reaching $1.530 against the dollar. No major reports are to be released today from the Eurozone.
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