U.S stocks climbed and reached new levels once again. Markets were boosted by data and political events. The ADP Nonfarm Employment Change which acts as pre NFP data came out at 230,000, higher than the expected 220,000. As a piece of labour data, this led to speculation that the NFP figure on Friday will also be positive. In the political forum, midterm election results were released and showed that Republicans gained a majority in the Senate. At session close the S&P 500 was 0.57% higher at 2,023.57. The Dow Jones was 0.58% at 17,484.53.
Asian markets turned lower today. The Nikkei first gained as the Dollar rallied to a 7 year high against the Yen, reaching a high of ¥115.5. However, the index finished 0.86%lower following the meeting minutes from the Bank of Japan. It was reported that members were worried that inflation could move below 1% due to the decline in energy prices. A potential slowdown in consumer spending was also discussed and both developments helped to explain why a surprise decision was made to increase stimulus last week. The Hang Seng lost 0.2% pushed by losses in casino and financial shares.
European markets are mixed today as traders turn hesitant ahead of the ECB interest rate decision and press conference. Analysts do not expect any changes to be introduced. Nevertheless, the minutes are predicted to be dovish. The FTSE 100 is currently down 0.14% after a mix of data including the interest rate decision which was maintained at 0.5%. Halifax House Price Index data disappointed the market dropping 0.4%, when originally expected to climb 0.4%. The CAC 40 is currently up 0.05% and the DAX is currently up 0.24%.
November 6, 2014 – Indices News
U.S stocks climbed and reached new levels once again. Markets were boosted by data and political events. The ADP Nonfarm Employment Change which acts as pre NFP data came out at 230,000, higher than the expected 220,000. As a piece of labour data, this led to speculation that the NFP figure on Friday will also be positive. In the political forum, midterm election results were released and showed that Republicans gained a majority in the Senate. At session close the S&P 500 was 0.57% higher at 2,023.57. The Dow Jones was 0.58% at 17,484.53.
Asian markets turned lower today. The Nikkei first gained as the Dollar rallied to a 7 year high against the Yen, reaching a high of ¥115.5. However, the index finished 0.86%lower following the meeting minutes from the Bank of Japan. It was reported that members were worried that inflation could move below 1% due to the decline in energy prices. A potential slowdown in consumer spending was also discussed and both developments helped to explain why a surprise decision was made to increase stimulus last week. The Hang Seng lost 0.2% pushed by losses in casino and financial shares.
European markets are mixed today as traders turn hesitant ahead of the ECB interest rate decision and press conference. Analysts do not expect any changes to be introduced. Nevertheless, the minutes are predicted to be dovish. The FTSE 100 is currently down 0.14% after a mix of data including the interest rate decision which was maintained at 0.5%. Halifax House Price Index data disappointed the market dropping 0.4%, when originally expected to climb 0.4%. The CAC 40 is currently up 0.05% and the DAX is currently up 0.24%.
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