Stocks Moved Due to Earings Reports Vs. Geopolitical Tension
July 22, 2014 9:15 am
July 22, 2014 – Indices News
Asian stocks advanced on speculations that the downing of the jetliner over Ukraine will not affect global economy. The Chinese Shanghai Composite is up 1.02% and the Henge-Seng increased by 1.47%. This has been the strongest upwards trend in the past four months which is associated with the Chinese government decision to ease property restrictions and allocate $161 Billion to fund subsidized housing. Another important factor is investors’ expectations for additional governmental stimulus. The Nikkei advanced 0.84% following the bank holiday yesterday.
European stocks opened high driven by U.S. companies earning reports and signs of ease in tension over Ukraine. FTSE 100 is up 0.65%, DAX advanced 0.76% and CAC40 increased by 0.58%. Later today, EU foreign ministers meet in Brussels to discuss sanctions against Russia. While these would be aimed at Russia, they will also influence the European markets. An example for this can be seen as Hollande, French president, announced that France is prepared to cancel a defense contract the involves selling warships to Russia.
U.S stocks declined yesterday (Monday) on tensions with Russia. The S&P 500 (-0.28%) concluded its strongest increase since April as investors expressed cautiousness prior to major earning reports. However, following a number of positive earning releases, the pre-market quote is up 0.11%. The Dow Jones decreased by o.3% but kept 51 points above the 17k level.
July 22, 2014 – Indices News
Asian stocks advanced on speculations that the downing of the jetliner over Ukraine will not affect global economy. The Chinese Shanghai Composite is up 1.02% and the Henge-Seng increased by 1.47%. This has been the strongest upwards trend in the past four months which is associated with the Chinese government decision to ease property restrictions and allocate $161 Billion to fund subsidized housing. Another important factor is investors’ expectations for additional governmental stimulus. The Nikkei advanced 0.84% following the bank holiday yesterday.
European stocks opened high driven by U.S. companies earning reports and signs of ease in tension over Ukraine. FTSE 100 is up 0.65%, DAX advanced 0.76% and CAC40 increased by 0.58%. Later today, EU foreign ministers meet in Brussels to discuss sanctions against Russia. While these would be aimed at Russia, they will also influence the European markets. An example for this can be seen as Hollande, French president, announced that France is prepared to cancel a defense contract the involves selling warships to Russia.
U.S stocks declined yesterday (Monday) on tensions with Russia. The S&P 500 (-0.28%) concluded its strongest increase since April as investors expressed cautiousness prior to major earning reports. However, following a number of positive earning releases, the pre-market quote is up 0.11%. The Dow Jones decreased by o.3% but kept 51 points above the 17k level.
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