With the long weekend about to close behind them, US markets look geared to increase as positive earnings data have been released. On Friday, Goldman Sachs released earnings of $4.38 per share; 30 cents higher than expected. Investors had yesterday to prepare to react to positive European data, and futures increased. The Dow Jones Industrial futures improved 0.34% to 17,507.00, the S&P futures rose 0.54% to 2,023.70, and the Nasdaq futures improved 0.68% to 4,142.00.
Strong German sentiment bolstered European sentiment as a whole, according to the Zentrum für Europäische Wirtschaftsforschung (or ZEW) sentiment scale. Both received strongly positive results, which has had a strongly bullish impact on European markets. Banking in France jumped, including a 4.7% rise in Societe Generale SA, 2.85% in Credit Agricole SA, and 2.53% in BNP Paribas SA. The CAC 40 is currently 1.37% higher than its open at 4,455.18. Despite strong banking data as well – 3.52% improvement in Commerzbank AG, 2.55% in Deutsche Bank AG, and 2.46% in Deutsche Boerse AG – German stocks have been weighed down today by a 4.26% drop in SAP SE and a 1.20% drop in Merck KGaA. The DAX is currently showing a 0.22% rise to 10,265.10. While the FTSE 100′s oil and banking sectors both improved, the index was weighed down by a wide range of stocks, including a loss of 2.27% in Admiral Group PLC and 1.41% in Barratt Developments PLC. While the FTSE 100 has still advanced, it has only advanced by 0.67% to 6,629.73.
Strong Chinese GDP data releases early this morning boosted investor confidence in Asia, resulting in widespread stock average increases. Chinese banking stocks in particular rallied. Bank of China Ltd increased another 2.63% today, and Bank of Communications Co Ltd increased 2.05%. The Hang Seng index improved 0.90% to 23,951.16. Despite measures to halt the deflation of the yen, the yen continued to slide today. Japanese stocks continued to rise again, with mining and materials stocks leading the rally. Kobe Steel Ltd jumped 6.28%, Mitsui Mining & Smelting Co Ltd increased 4.45%, while Daikin Industries Ltd increased 4.27%. The Nikkei 225 rallied 2.07% to 17,366.30.
January 20, 2015 – Indies News
With the long weekend about to close behind them, US markets look geared to increase as positive earnings data have been released. On Friday, Goldman Sachs released earnings of $4.38 per share; 30 cents higher than expected. Investors had yesterday to prepare to react to positive European data, and futures increased. The Dow Jones Industrial futures improved 0.34% to 17,507.00, the S&P futures rose 0.54% to 2,023.70, and the Nasdaq futures improved 0.68% to 4,142.00.
Strong German sentiment bolstered European sentiment as a whole, according to the Zentrum für Europäische Wirtschaftsforschung (or ZEW) sentiment scale. Both received strongly positive results, which has had a strongly bullish impact on European markets. Banking in France jumped, including a 4.7% rise in Societe Generale SA, 2.85% in Credit Agricole SA, and 2.53% in BNP Paribas SA. The CAC 40 is currently 1.37% higher than its open at 4,455.18. Despite strong banking data as well – 3.52% improvement in Commerzbank AG, 2.55% in Deutsche Bank AG, and 2.46% in Deutsche Boerse AG – German stocks have been weighed down today by a 4.26% drop in SAP SE and a 1.20% drop in Merck KGaA. The DAX is currently showing a 0.22% rise to 10,265.10. While the FTSE 100′s oil and banking sectors both improved, the index was weighed down by a wide range of stocks, including a loss of 2.27% in Admiral Group PLC and 1.41% in Barratt Developments PLC. While the FTSE 100 has still advanced, it has only advanced by 0.67% to 6,629.73.
Strong Chinese GDP data releases early this morning boosted investor confidence in Asia, resulting in widespread stock average increases. Chinese banking stocks in particular rallied. Bank of China Ltd increased another 2.63% today, and Bank of Communications Co Ltd increased 2.05%. The Hang Seng index improved 0.90% to 23,951.16. Despite measures to halt the deflation of the yen, the yen continued to slide today. Japanese stocks continued to rise again, with mining and materials stocks leading the rally. Kobe Steel Ltd jumped 6.28%, Mitsui Mining & Smelting Co Ltd increased 4.45%, while Daikin Industries Ltd increased 4.27%. The Nikkei 225 rallied 2.07% to 17,366.30.
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