U.S markets declined slightly despite strong earnings reports. Investors reacted to the newest weak report released from the U.S as Services PMI came out at 57.8 when analysts had expected to see 59.5. The data added to speculation that the Fed meeting will most likely be dovish and that members will be in favour of a later interest rate hike. However, it is also likely that weak data could be a result of the harsh winter and that rates could still be hiked in September. At session close the S&P 500 was 0.4% lower at 2,108.93 and the Dow Jones was 0.2% lower at 18,037.97. In individual news, Apple climbed 2.16% after posting a 33% rise in earnings.
Asian markets were mostly higher today. The Nikkei added 0.38% despite the fact that the Dollar remained lower against the Yen. Traders also shrugged off weaker than expected Retail Sales data which declined by 9.7% which was a greater decline that the expected 7.3%. According to Reuters, stocks gained on hopes of stronger returns after Fanuc Corp doubled their dividend payout ratio. JTEKT added 11.91%, Denso Corp added 4.46% and Toyo Seikan Group Holdings added 4.03%. The Hang Seng added 0.04% with CITIC adding 5.79%, Hengan International Group adding 2.09% and China Construction Corp adding 1.84%.
European markets are lower today as markets become cautious ahead of the Fed statement. Investors are also focusing on the upcoming elections in the U.K. Goldman Sachs and Citibank have both warned of economic problems which could be caused by the Conservative party as they have promised a referendum regarding membership of the EU. Data from the U.K also disappointed today as both yearly and quarterly GDP figures missed expectations. Currently, the FTSE 100 is 1.57% lower, the DAX is 2.2% lower and the CAC 40 is 2.335 lower. In the FTSE, St James’s Place PLC is down 3.64%, Standard Chartered is down 3.54% and AstraZeneca is down 3.36%. In the DAX, Merck is down 3.86%, Deutsche Bank is down 2.8% and Commerzbank is down 2.52%.
April 28, 2015 – Indices News
U.S markets declined slightly despite strong earnings reports. Investors reacted to the newest weak report released from the U.S as Services PMI came out at 57.8 when analysts had expected to see 59.5. The data added to speculation that the Fed meeting will most likely be dovish and that members will be in favour of a later interest rate hike. However, it is also likely that weak data could be a result of the harsh winter and that rates could still be hiked in September. At session close the S&P 500 was 0.4% lower at 2,108.93 and the Dow Jones was 0.2% lower at 18,037.97. In individual news, Apple climbed 2.16% after posting a 33% rise in earnings.
Asian markets were mostly higher today. The Nikkei added 0.38% despite the fact that the Dollar remained lower against the Yen. Traders also shrugged off weaker than expected Retail Sales data which declined by 9.7% which was a greater decline that the expected 7.3%. According to Reuters, stocks gained on hopes of stronger returns after Fanuc Corp doubled their dividend payout ratio. JTEKT added 11.91%, Denso Corp added 4.46% and Toyo Seikan Group Holdings added 4.03%. The Hang Seng added 0.04% with CITIC adding 5.79%, Hengan International Group adding 2.09% and China Construction Corp adding 1.84%.
European markets are lower today as markets become cautious ahead of the Fed statement. Investors are also focusing on the upcoming elections in the U.K. Goldman Sachs and Citibank have both warned of economic problems which could be caused by the Conservative party as they have promised a referendum regarding membership of the EU. Data from the U.K also disappointed today as both yearly and quarterly GDP figures missed expectations. Currently, the FTSE 100 is 1.57% lower, the DAX is 2.2% lower and the CAC 40 is 2.335 lower. In the FTSE, St James’s Place PLC is down 3.64%, Standard Chartered is down 3.54% and AstraZeneca is down 3.36%. In the DAX, Merck is down 3.86%, Deutsche Bank is down 2.8% and Commerzbank is down 2.52%.
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