The American markets were dragged down yesterday, following the release of negative economic data from the region. The negative release of Retail Sales data added to the expectations of delaying the hike of interest rate to later on this year. After going up sharply at the beginning of yesterday’s session, the American indices bounced off their high levels, and ended lower. The S&P 500 was down by 0.03%, while the Dow Jones was down by 0.04%. Despite finishing the session slightly higher, the Nasdaq bounced off the level of 5,010 in a mostly negative trading. The dollar weakened against most currencies following the data, the euro was trading at $1.140 today, a three-month-high level. Futures remain higher in the meantime as traders await PPI and Initial Jobless Claims results, due to come out today.
The Chinese indices finished today’s trading slightly higher, with stocks performing better during the Asian session. The Hang Seng index was up by 0.14%, components like Lenovo and Tencent from the technology sector were higher by more than 2% and supporting the index. After dropping sharply at the beginning of the session, the Shanghai Composite corrected upwards and closed at the value of 0.06%. The Japanese Nikkei trimmed its gains today, as it fell by approximately 1% following today’s session and closed at the value of 19,570. The Japanese Yen also weakened against most currencies, as the dollar traded at ¥119.2 today.
European stocks were higher at the beginning of today’s session, shrugging off the impact of negative fundamental data released yesterday. The FTSE 100 was trading around the value of 6,950 today, with the British Pound at its highest values this year against most currencies. The German DAX and the CAC 40 were higher during today’s session as well. The euro is trading higher against the dollar today, as the latter weakened following expectations of delaying the interest rate increase. No major releases is to come out from the Eurozone today, yet the U.S. PPI data, in addition to the Jobless Claims, could have an impact on worldwide markets.
May 14, 2015 – Indices News
The American markets were dragged down yesterday, following the release of negative economic data from the region. The negative release of Retail Sales data added to the expectations of delaying the hike of interest rate to later on this year. After going up sharply at the beginning of yesterday’s session, the American indices bounced off their high levels, and ended lower. The S&P 500 was down by 0.03%, while the Dow Jones was down by 0.04%. Despite finishing the session slightly higher, the Nasdaq bounced off the level of 5,010 in a mostly negative trading. The dollar weakened against most currencies following the data, the euro was trading at $1.140 today, a three-month-high level. Futures remain higher in the meantime as traders await PPI and Initial Jobless Claims results, due to come out today.
The Chinese indices finished today’s trading slightly higher, with stocks performing better during the Asian session. The Hang Seng index was up by 0.14%, components like Lenovo and Tencent from the technology sector were higher by more than 2% and supporting the index. After dropping sharply at the beginning of the session, the Shanghai Composite corrected upwards and closed at the value of 0.06%. The Japanese Nikkei trimmed its gains today, as it fell by approximately 1% following today’s session and closed at the value of 19,570. The Japanese Yen also weakened against most currencies, as the dollar traded at ¥119.2 today.
European stocks were higher at the beginning of today’s session, shrugging off the impact of negative fundamental data released yesterday. The FTSE 100 was trading around the value of 6,950 today, with the British Pound at its highest values this year against most currencies. The German DAX and the CAC 40 were higher during today’s session as well. The euro is trading higher against the dollar today, as the latter weakened following expectations of delaying the interest rate increase. No major releases is to come out from the Eurozone today, yet the U.S. PPI data, in addition to the Jobless Claims, could have an impact on worldwide markets.
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