U.S. stocks climbed higher and closed at record levels once again. Gains came after Mario Draghi, the President of the European Central Bank, spoke during a press conference and reaffirmed that they are prepared to inject stimulus as soon as needed. U.S. data releases also boosted sentiment. Initial Jobless Claims and Continuing Jobless Claims beat expectations. Initial Jobless Claims declined to 278,000 lower than the expected 285,000 and Nonfarm productivity increased 2% during the last quarter. The S&P 500 finished 0.38% higher at 2,031.21 and the Dow Jones closed 0.4% higher at 17,554.47.
Asian markets were mixed. The Nikkei regained losses from the previous day and climbed 0.52%. Gains were seen as the Dollar climbed higher against the yen and reached a high of ¥115.5. Sony climbed 1.21%, & Mazda added 1.43%. The Hang Seng dropped again, losing 0.42%. Lenovo, a main component lost 4.82% after worse than expected earnings. Chinese data will be released tomorrow including the trade balance at 2am (GMT).
European markets are higher today as traders await the NFP release. Although the figure is forecast to be lower than last month, positive data is now expected as data throughout the week has been consistently strong. Markets also welcomed comments from Draghi during yesterday’s press conference as he stated that he is ready to inject stimulus as soon as needed. Currently, the FTSE 100 is higher by 0.61%, while the CAC 40 is leading the DAX lower. They are down 0.55% and 0.41% respectively.
November 7, 2014 – Indices News
U.S. stocks climbed higher and closed at record levels once again. Gains came after Mario Draghi, the President of the European Central Bank, spoke during a press conference and reaffirmed that they are prepared to inject stimulus as soon as needed. U.S. data releases also boosted sentiment. Initial Jobless Claims and Continuing Jobless Claims beat expectations. Initial Jobless Claims declined to 278,000 lower than the expected 285,000 and Nonfarm productivity increased 2% during the last quarter. The S&P 500 finished 0.38% higher at 2,031.21 and the Dow Jones closed 0.4% higher at 17,554.47.
Asian markets were mixed. The Nikkei regained losses from the previous day and climbed 0.52%. Gains were seen as the Dollar climbed higher against the yen and reached a high of ¥115.5. Sony climbed 1.21%, & Mazda added 1.43%. The Hang Seng dropped again, losing 0.42%. Lenovo, a main component lost 4.82% after worse than expected earnings. Chinese data will be released tomorrow including the trade balance at 2am (GMT).
European markets are higher today as traders await the NFP release. Although the figure is forecast to be lower than last month, positive data is now expected as data throughout the week has been consistently strong. Markets also welcomed comments from Draghi during yesterday’s press conference as he stated that he is ready to inject stimulus as soon as needed. Currently, the FTSE 100 is higher by 0.61%, while the CAC 40 is leading the DAX lower. They are down 0.55% and 0.41% respectively.
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