U.S markets climbed as jobless claims plunged, showing further improvement in the labour market. Initial Jobless claims dropped to 265,000, much lower than the expected 300,000 and Continuing Jobless Claims dropped to 2,385K, below the expected 2,420k. In addition, oil prices rebounded and climbed back up to $45/barrel, boosting energy shares. At session close the S&P 500 was 0.95% higher at 2,021.25 and the Dow Jones was 1.31% higher at 17,416.85. Some of the movers in the Dow were; Boeing which gained 5.89% following reports of strong quarterly results and news that the U.S Airforce are making a deal with them, McDonalds which added 5.06% after announcing a new CEO, Microsoft which added 1.99%, Goldman Sachs which added 1.7%, JP Morgan Chase which added 1.68% and Nike which added 1.67%.
Asian markets were mixed today. The Nikkei climbed 0.39% despite the Yen strengthening against the dollar. Strong data was released with Household spending climbing 0.4% over the previous month, National CPI climbing by 2.4% over the past year and the Unemployment rate falling to 3.4%. Companies posted strong gains with Tokyo Dome adding 9.6%, Advantest adding 9.33%, Tokuyama adding 8.64% and Sumco adding 8.07%. The Hang Seng lost 0.36% as one of its main components, Tencent Holdings, declined after Alibaba released weak earnings. Galaxy Entertainment Group lost 3.08%, Sands China lost 2.93% and China Mobile lost 1.73%.
European markets are lower today after European CPI missed expectations and declined by 0.6%. The FTSE 100 is down 0.37% with BT Group declining 2.33% and J Sainsbury declining 2.27%. The DAX is down 0.14% with Volkswagen down 2.45% and Continental AG down 1.19%. The CAC 40 is down 0.31%.
January 30, 2015 – Indices News
U.S markets climbed as jobless claims plunged, showing further improvement in the labour market. Initial Jobless claims dropped to 265,000, much lower than the expected 300,000 and Continuing Jobless Claims dropped to 2,385K, below the expected 2,420k. In addition, oil prices rebounded and climbed back up to $45/barrel, boosting energy shares. At session close the S&P 500 was 0.95% higher at 2,021.25 and the Dow Jones was 1.31% higher at 17,416.85. Some of the movers in the Dow were; Boeing which gained 5.89% following reports of strong quarterly results and news that the U.S Airforce are making a deal with them, McDonalds which added 5.06% after announcing a new CEO, Microsoft which added 1.99%, Goldman Sachs which added 1.7%, JP Morgan Chase which added 1.68% and Nike which added 1.67%.
Asian markets were mixed today. The Nikkei climbed 0.39% despite the Yen strengthening against the dollar. Strong data was released with Household spending climbing 0.4% over the previous month, National CPI climbing by 2.4% over the past year and the Unemployment rate falling to 3.4%. Companies posted strong gains with Tokyo Dome adding 9.6%, Advantest adding 9.33%, Tokuyama adding 8.64% and Sumco adding 8.07%. The Hang Seng lost 0.36% as one of its main components, Tencent Holdings, declined after Alibaba released weak earnings. Galaxy Entertainment Group lost 3.08%, Sands China lost 2.93% and China Mobile lost 1.73%.
European markets are lower today after European CPI missed expectations and declined by 0.6%. The FTSE 100 is down 0.37% with BT Group declining 2.33% and J Sainsbury declining 2.27%. The DAX is down 0.14% with Volkswagen down 2.45% and Continental AG down 1.19%. The CAC 40 is down 0.31%.
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