U.S markets finished with little change following a choppy session. Investors remained cautious as talks proceeded between Greece and European Finance Ministers. Few expected a deal to be reached despite rumours earlier that the European Commission considered offering a 6 month extension to the current plan. U.S data also missed expectations and the Federal Budget Balance declined by 18 billion which was much bigger than the expected decline of 10 billion. At session close markets were flat, the S&P 500 was at 2,068.53 and the Dow Jones was at 17,862.14.
Asian markets were higher across the region. The Nikkei rallied 1.85% to a 7 year high as traders came back after a holiday. The market reacted to the much stronger Dollar which had climbed above 120, compared to 118.4 at the session close a day earlier. Data also beat expectations with Core Machinery Orders climbing by 11.4% over the past year, above the expected 5.9% and 8.3% in the past month, above the expected 2.4%. Marui Group led gains after adding 16.16%, FANUC added 6.22%, Fukouka Financial Group added 5.71% and Takashimaya Co added 5.69%. The Hang Seng added 0.4% as investors still reacted to reports that the PBOC injected 200 billion Yuan into the economy. China Merchants Holdings added 4.84%, China Mobile added 4.22% and China Unicom Hong Kong Ltd added 4.18%.
European markets moved higher today. Optimism was boosted by reports that Ukraine and Russia reached a Cease fire agreement. The deal was widely welcomed following 10 months of fighting. Speculation also grew that a deal would be made between Eurozone finance ministers following comments after the meeting. Currently, the FTSE 100 is 0.29% higher, the DAX is 1.55% higher and the CAC 40 is 1.19% higher. In the FTSE, Coca- Cola is up 7.15%, Shire PLC is up 5.21% and Intertek Group is up 4.53%. In the DAX, Deutsche Post is up 3.49% and Adidas is up 3.43%.
February 12, 2015 – Indices News
U.S markets finished with little change following a choppy session. Investors remained cautious as talks proceeded between Greece and European Finance Ministers. Few expected a deal to be reached despite rumours earlier that the European Commission considered offering a 6 month extension to the current plan. U.S data also missed expectations and the Federal Budget Balance declined by 18 billion which was much bigger than the expected decline of 10 billion. At session close markets were flat, the S&P 500 was at 2,068.53 and the Dow Jones was at 17,862.14.
Asian markets were higher across the region. The Nikkei rallied 1.85% to a 7 year high as traders came back after a holiday. The market reacted to the much stronger Dollar which had climbed above 120, compared to 118.4 at the session close a day earlier. Data also beat expectations with Core Machinery Orders climbing by 11.4% over the past year, above the expected 5.9% and 8.3% in the past month, above the expected 2.4%. Marui Group led gains after adding 16.16%, FANUC added 6.22%, Fukouka Financial Group added 5.71% and Takashimaya Co added 5.69%. The Hang Seng added 0.4% as investors still reacted to reports that the PBOC injected 200 billion Yuan into the economy. China Merchants Holdings added 4.84%, China Mobile added 4.22% and China Unicom Hong Kong Ltd added 4.18%.
European markets moved higher today. Optimism was boosted by reports that Ukraine and Russia reached a Cease fire agreement. The deal was widely welcomed following 10 months of fighting. Speculation also grew that a deal would be made between Eurozone finance ministers following comments after the meeting. Currently, the FTSE 100 is 0.29% higher, the DAX is 1.55% higher and the CAC 40 is 1.19% higher. In the FTSE, Coca- Cola is up 7.15%, Shire PLC is up 5.21% and Intertek Group is up 4.53%. In the DAX, Deutsche Post is up 3.49% and Adidas is up 3.43%.
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