Yesterdays European session showed mixed for indices. Most stocks were negatively affected by the lower-than-expected Manufacturing PMI data released from several countries in Europe. The French CAC 40 was down by 0.62% although it remains at high levels, while the German DAX dropped by 1.23% from its record level of 12,000. The euro, on the other hand, shrugged off the effect of the negative data and benefited from the latest negative reports released from the U.S. Negotiations between the Eurozone and Greece seem to be going slow, as no progress of major importance seems to have been made. Investors remain cautious to the financial situation of the country. A meeting will be held today between the two sides, and this may affect worldwide markets if any agreement is reached.
Yesterday, American indices reached record highs following the release of earnings data from multiple companies and as the latest increase in oil prices supported the energy sector. Companies like Amazon, Microsoft, and Google were amongst the gainers during the session, getting the Nasdaq to its highest levels in 15 years, as the latest touched the record value of 5,070 and closed at 5,056. The U.S. indices surpassed psychological levels which they usually rebounded from. The Dow Jones was higher than 18,000 by the end of the session, whereas the S&P 500 was higher than 2,100. Whilst at their peaks, the indices remain prone to a drop as the majority of the reports released from the U.S. have been lower than expected, and worries about the data could mean a rebound from the record levels the markets are at.
While the Asian indices remain at high levels, the impact of the latest Manufacturing PMI’s released from Japan and China seems to have brought them down slightly. The Japanese Nikkei finished the Asian session by closing at the value of 20,020, while the Shanghai Composite dropped by 0.47% reaching the value of 4,393. The yen was stronger against the dollar, as the latter dropped due to negative reports indicating a weaker economy in the U.S., and traded at ¥119.15 today. As oil prices reached their highest value this year, the energy sectors were supported by the increase in the price, which prevented further losses in the markets.
April 24, 2015 – Indices News
Yesterdays European session showed mixed for indices. Most stocks were negatively affected by the lower-than-expected Manufacturing PMI data released from several countries in Europe. The French CAC 40 was down by 0.62% although it remains at high levels, while the German DAX dropped by 1.23% from its record level of 12,000. The euro, on the other hand, shrugged off the effect of the negative data and benefited from the latest negative reports released from the U.S. Negotiations between the Eurozone and Greece seem to be going slow, as no progress of major importance seems to have been made. Investors remain cautious to the financial situation of the country. A meeting will be held today between the two sides, and this may affect worldwide markets if any agreement is reached.
While the Asian indices remain at high levels, the impact of the latest Manufacturing PMI’s released from Japan and China seems to have brought them down slightly. The Japanese Nikkei finished the Asian session by closing at the value of 20,020, while the Shanghai Composite dropped by 0.47% reaching the value of 4,393. The yen was stronger against the dollar, as the latter dropped due to negative reports indicating a weaker economy in the U.S., and traded at ¥119.15 today. As oil prices reached their highest value this year, the energy sectors were supported by the increase in the price, which prevented further losses in the markets.
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