U.S markets declined on Friday as Greek fears re-entered the market. The chance of Greece defaulting is becoming increasingly likely as negotiations continue to fail. Investors are now worrying that the country may even leave the Euro and this could have a knock on effect to other countries. New regulation in the Chinese stock market also added to the uncertainty as they tightened rules on lending. Markets shrugged off better than expected data; Michigan Consumer Expectations came out at 88.0 when predicted to be 57.0 and Michigan Consumer Sentiment came out at 95.9, above expectations of 94.0. Both the S&P and the Dow Jones suffered their biggest one day decline in three weeks; the S&P 500 lost 1.1% and closed at 2,081.16 and the Dow Jones lost 1.5%, closing at 17,826.10. American Express, a component of the Dow, lost 4.4% after reporting lower results due to the stronger Dollar.
Asian markets declined today. The Nikkei lost 0.09% as traders followed the bearish sentiment seen in the U.S. on Friday. Stocks were also hit by the stronger Yen which was trading around ¥118.87, down from ¥119. Sumco Corp lost 3.01%, Mitsubishi Estate Co lost 2.81% and Takashimaya Co lost 2.69%. The Hang Seng lost 2.02% as China’s Central bank introduced new measures to support the economy. The bank implemented policies to limit margin trading and boost short selling on Friday. Yesterday, they cut their reserve requirement for banks by the biggest amount in 6 years which should increase monetary supply but traders mostly ignored this change. Kunlun Energy Co lost 7.11%, PetroChina Co lost 6.12% and Lenovo Group lost 4.39%.
European markets are higher today as traders react positively to additional liquidity in China. Although Greece remains in the spotlight, investors appear to be ignoring the threat for today. Currently, the FTSE 100 is up 0.67%, the DAX is up 1.53% and the CAC 40 is up 0.62%. In the FTSE, Ashtead Group is 2.61% higher, Rio Tinto is 2.52% higher and Anglo American is 2.47% higher. In the DAX, Fresenius SE & Co is up 3.26% and BASF SE is up 3.25%.
April 20, 2015 – Indices News
U.S markets declined on Friday as Greek fears re-entered the market. The chance of Greece defaulting is becoming increasingly likely as negotiations continue to fail. Investors are now worrying that the country may even leave the Euro and this could have a knock on effect to other countries. New regulation in the Chinese stock market also added to the uncertainty as they tightened rules on lending. Markets shrugged off better than expected data; Michigan Consumer Expectations came out at 88.0 when predicted to be 57.0 and Michigan Consumer Sentiment came out at 95.9, above expectations of 94.0. Both the S&P and the Dow Jones suffered their biggest one day decline in three weeks; the S&P 500 lost 1.1% and closed at 2,081.16 and the Dow Jones lost 1.5%, closing at 17,826.10. American Express, a component of the Dow, lost 4.4% after reporting lower results due to the stronger Dollar.
Asian markets declined today. The Nikkei lost 0.09% as traders followed the bearish sentiment seen in the U.S. on Friday. Stocks were also hit by the stronger Yen which was trading around ¥118.87, down from ¥119. Sumco Corp lost 3.01%, Mitsubishi Estate Co lost 2.81% and Takashimaya Co lost 2.69%. The Hang Seng lost 2.02% as China’s Central bank introduced new measures to support the economy. The bank implemented policies to limit margin trading and boost short selling on Friday. Yesterday, they cut their reserve requirement for banks by the biggest amount in 6 years which should increase monetary supply but traders mostly ignored this change. Kunlun Energy Co lost 7.11%, PetroChina Co lost 6.12% and Lenovo Group lost 4.39%.
European markets are higher today as traders react positively to additional liquidity in China. Although Greece remains in the spotlight, investors appear to be ignoring the threat for today. Currently, the FTSE 100 is up 0.67%, the DAX is up 1.53% and the CAC 40 is up 0.62%. In the FTSE, Ashtead Group is 2.61% higher, Rio Tinto is 2.52% higher and Anglo American is 2.47% higher. In the DAX, Fresenius SE & Co is up 3.26% and BASF SE is up 3.25%.
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