The Asian session started of in negative number as traders were tracking the poor Chinese real-estate investment figures that were released. Traders are worried that these figures are indicating poor economic growth especially with so many emerging markets depended on Chinese demand. This report has caused asian stocks to decline and has been trading mixed for the remainder of the day. As a result the Hang Seng is down by 0.80%, the Nikkei is 0.19% lower and the ASX 200 has closed 0.03% higher.
The European session started of very brightly as traders turned to stocks after the positive release report of the German lfo Business Climate Index, which was released at 09:00 GMT. Stocks then started to decline as some blue chip stocks tumbled in share price: HSBC has dropped 3.4 percent after reporting full-year pretax profit that missed analysts forecast, causing the FTSE to be pulled down and Volkswagen AG dropped 5.4% after offering to buy a stake in Scania AB for 9.2 Billion USD dragging the DAX down. In addition the poor Chinese growth has concerned traders causing stocks to be traded mixed. All in all the FTSE is currently up 0.02%, the DAX is up 0.18% and the CAC is gaining 0.23%.
The US session rose today as traders have been looking at key fundamental data over the weekend. Traders were given a boost after having tracked the G20 meeting, where they pledged to install policies that will add 2 trillion USD to the world economy over the next five years. Traders are less concerned now about the monetary stimulus, where Janet Yellen is likely to remain tapering over the next meeting. Consumers believe that the economy is strong enough to withhold any reduction of the stimulus. Binary option traders have also welcomed the advance in shares in the Energy and Healthcare sector. Consequently the S&P has touched it`s all time high adding 0.89%, the NASDAQ is up 0.92% and the DOW is gaining 0.89%.
February 24, 2014 – Indices News
The Asian session started of in negative number as traders were tracking the poor Chinese real-estate investment figures that were released. Traders are worried that these figures are indicating poor economic growth especially with so many emerging markets depended on Chinese demand. This report has caused asian stocks to decline and has been trading mixed for the remainder of the day. As a result the Hang Seng is down by 0.80%, the Nikkei is 0.19% lower and the ASX 200 has closed 0.03% higher.
The European session started of very brightly as traders turned to stocks after the positive release report of the German lfo Business Climate Index, which was released at 09:00 GMT. Stocks then started to decline as some blue chip stocks tumbled in share price: HSBC has dropped 3.4 percent after reporting full-year pretax profit that missed analysts forecast, causing the FTSE to be pulled down and Volkswagen AG dropped 5.4% after offering to buy a stake in Scania AB for 9.2 Billion USD dragging the DAX down. In addition the poor Chinese growth has concerned traders causing stocks to be traded mixed. All in all the FTSE is currently up 0.02%, the DAX is up 0.18% and the CAC is gaining 0.23%.
The US session rose today as traders have been looking at key fundamental data over the weekend. Traders were given a boost after having tracked the G20 meeting, where they pledged to install policies that will add 2 trillion USD to the world economy over the next five years. Traders are less concerned now about the monetary stimulus, where Janet Yellen is likely to remain tapering over the next meeting. Consumers believe that the economy is strong enough to withhold any reduction of the stimulus. Binary option traders have also welcomed the advance in shares in the Energy and Healthcare sector. Consequently the S&P has touched it`s all time high adding 0.89%, the NASDAQ is up 0.92% and the DOW is gaining 0.89%.
Related Posts: