U.S markets climbed and posted their strongest gains in 5 weeks. Mixed U.S data was released; Core Retail Sales declined by 0.1%in February, below expectations of a 0.5% increase, Continuing Jobless Claims came out worse than expected at 2,418K but Initial Jobless Claims beat expectations to 289K. Monthly Retail Sales declined for a third month in a row and sparked fears regarding the consumers ability to continue to boost the economy. According to MarketWatch, the data slightly offset speculation that the Fed might increase rates as soon as June and gave the markets a slight break. At session close the S&P 500 was 1.3% higher at 2,065.95 and the Dow Jones was 1.5% higher at 17,895.22. Citigroup added 3.3% after receiving approval from the Fed to return capital to investors.
Asian markets were higher across the region. The Nikkei added 1.39% as the Dollar moved higher against the Yen again, trading around 120.4 by the end of the session. The index passed 19,000 for the first time since 2000. FANUC added 13.21%, Sumitomo Realty & Development Co added 5.62% and Tokyu Fudosan Holdings added 5.22%. The Hang Seng added 0.11% as the Governor of the PBOC, Zhou Xiaochuan, released that interest rates could lift the upper deposit rates and liberalise rates. He also mentioned plans to launch a deposit insurance scheme. China Shenhua Energy Co added 2.97%, Bank of China added 2.11% and Bank of Communications Co added 2.04%.
European markets are lower today as oil shares decline as prices fall once again. The EIA reported that “behind the facade of stability, the rebalancing triggered by the price collapse has yet to run its course, and it might be overly optimistic to expect it to proceed smoothly.” Nevertheless, overall values remain high. Currently, the FTSE 100 is down 0.3%, the DAX is down 0.18% and the CAC 40 is down 0.25%. In the FTSE, BG Group is down 2.42%, Centrica is down 1.95%, Royal Dutch Shell is down 1.73% and BP PLC is down 1.47%. In the DAX Adidas is down 1.17%, Daimler AG is down 1.01% and E.ON SE is down 0.94%.
March 13, 2015 – Indices News
U.S markets climbed and posted their strongest gains in 5 weeks. Mixed U.S data was released; Core Retail Sales declined by 0.1%in February, below expectations of a 0.5% increase, Continuing Jobless Claims came out worse than expected at 2,418K but Initial Jobless Claims beat expectations to 289K. Monthly Retail Sales declined for a third month in a row and sparked fears regarding the consumers ability to continue to boost the economy. According to MarketWatch, the data slightly offset speculation that the Fed might increase rates as soon as June and gave the markets a slight break. At session close the S&P 500 was 1.3% higher at 2,065.95 and the Dow Jones was 1.5% higher at 17,895.22. Citigroup added 3.3% after receiving approval from the Fed to return capital to investors.
Asian markets were higher across the region. The Nikkei added 1.39% as the Dollar moved higher against the Yen again, trading around 120.4 by the end of the session. The index passed 19,000 for the first time since 2000. FANUC added 13.21%, Sumitomo Realty & Development Co added 5.62% and Tokyu Fudosan Holdings added 5.22%. The Hang Seng added 0.11% as the Governor of the PBOC, Zhou Xiaochuan, released that interest rates could lift the upper deposit rates and liberalise rates. He also mentioned plans to launch a deposit insurance scheme. China Shenhua Energy Co added 2.97%, Bank of China added 2.11% and Bank of Communications Co added 2.04%.
European markets are lower today as oil shares decline as prices fall once again. The EIA reported that “behind the facade of stability, the rebalancing triggered by the price collapse has yet to run its course, and it might be overly optimistic to expect it to proceed smoothly.” Nevertheless, overall values remain high. Currently, the FTSE 100 is down 0.3%, the DAX is down 0.18% and the CAC 40 is down 0.25%. In the FTSE, BG Group is down 2.42%, Centrica is down 1.95%, Royal Dutch Shell is down 1.73% and BP PLC is down 1.47%. In the DAX Adidas is down 1.17%, Daimler AG is down 1.01% and E.ON SE is down 0.94%.
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