Tension over Ukraine escalated once again yesterday. Ukrainian police regained control of a government building previously occupied by pro-Russian protesters. Russian police responded by threatening that their actions could result in a civil war. This brought uncertainty back to the markets and resulted in a day of choppy trade.
Asian stocks outside Japan reached their highest level in five months. The move was lead by David Jones Ltd. (DJS) which increased 23%; the MSCI gained 1%. Gains were also heavily influenced by speculation that China will introduce a stimulus package. Japanese equities, however, decreased due to the strengthening of the Yen. The dramatic advance of the Yen resulted from the tensions in the Ukraine and the very positive statement made by the BOJ regarding the Japanese economy. Nissan-Motor Co (7201) decreased by 2.6% and Mitsui O.S.K Ltd. retraced 5.5%.
Following a two day decline, European stocks moved up as carmakers climbed. The national benchmark indexes moved up in 15 of the 18 western european markets. The Dax added 0.2%, the CAC 40 gained 0.4% and the FTSE 100 increased by 0.8%. The Bullish movement followed the IMF statement, portraying stronger U.S. growth, which will help encourage the world economy.
U.S. stocks embarked on a bullish day following the report from the IMF that there will be stronger U.S. growth and the S&P 500 snapped a three-day slide. This was also due to Alcoa inc. Profits exceeded estimates and investors awaited minutes from the Fed meeting later today at 6PM (GMT). Currently, the S&P 500 is moving at a level of 1,855.
April 9, 2014 – Indices News
Tension over Ukraine escalated once again yesterday. Ukrainian police regained control of a government building previously occupied by pro-Russian protesters. Russian police responded by threatening that their actions could result in a civil war. This brought uncertainty back to the markets and resulted in a day of choppy trade.
Asian stocks outside Japan reached their highest level in five months. The move was lead by David Jones Ltd. (DJS) which increased 23%; the MSCI gained 1%. Gains were also heavily influenced by speculation that China will introduce a stimulus package. Japanese equities, however, decreased due to the strengthening of the Yen. The dramatic advance of the Yen resulted from the tensions in the Ukraine and the very positive statement made by the BOJ regarding the Japanese economy. Nissan-Motor Co (7201) decreased by 2.6% and Mitsui O.S.K Ltd. retraced 5.5%.
Following a two day decline, European stocks moved up as carmakers climbed. The national benchmark indexes moved up in 15 of the 18 western european markets. The Dax added 0.2%, the CAC 40 gained 0.4% and the FTSE 100 increased by 0.8%. The Bullish movement followed the IMF statement, portraying stronger U.S. growth, which will help encourage the world economy.
U.S. stocks embarked on a bullish day following the report from the IMF that there will be stronger U.S. growth and the S&P 500 snapped a three-day slide. This was also due to Alcoa inc. Profits exceeded estimates and investors awaited minutes from the Fed meeting later today at 6PM (GMT). Currently, the S&P 500 is moving at a level of 1,855.
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