U.S stocks were lower during the trading session on Wednesday, as most of the data released by the US today has been negative, including a lower PPI for three months in a row, and a lower than expected number of building permits. The S&P 500 was down 0.29% from the highest value it has reached, getting to 2,091 before the closing of the session. In addition, the Dow Jones dropped 0.27% and the Nasdaq was down 0.09%. Most traders are still waiting for the FOMC January meeting minutes for any indications on future decisions concerning the interest rate.
The European markets had a better performance as they gained from the optimism over the situation in Greece, which is expected to be solved by the end of this week. The German DAX was up by 0.38%, and the French CAC 40 gained 0.85% before the closing of the session, whereas the FTSE 100 was down by 0.20%. The reason for the latter’s drop could be a result of the recent data from the UK, as investors expect the Bank of England to raise interest rates due to the latest economic data.
The Asian session traded quietly before closing, as the Chinese markets were shut due to the Lunar New Year. Although the volatility was low, the Japanese stocks traded higher, eventually raising the Nikkei 225 by 1.18%. Sony’s recent plans to increase its growth and invest more in certain products moved it up by 3.5%, and thus contributed to Nikkei’s upwards trend. Despite the low volatility, any development with the current situation in the euro zone could also impact the Asian markets.
U.S stocks were lower during the trading session on Wednesday, as most of the data released by the US today has been negative, including a lower PPI for three months in a row, and a lower than expected number of building permits. The S&P 500 was down 0.29% from the highest value it has reached, getting to 2,091 before the closing of the session. In addition, the Dow Jones dropped 0.27% and the Nasdaq was down 0.09%. Most traders are still waiting for the FOMC January meeting minutes for any indications on future decisions concerning the interest rate.
The European markets had a better performance as they gained from the optimism over the situation in Greece, which is expected to be solved by the end of this week. The German DAX was up by 0.38%, and the French CAC 40 gained 0.85% before the closing of the session, whereas the FTSE 100 was down by 0.20%. The reason for the latter’s drop could be a result of the recent data from the UK, as investors expect the Bank of England to raise interest rates due to the latest economic data.
The Asian session traded quietly before closing, as the Chinese markets were shut due to the Lunar New Year. Although the volatility was low, the Japanese stocks traded higher, eventually raising the Nikkei 225 by 1.18%. Sony’s recent plans to increase its growth and invest more in certain products moved it up by 3.5%, and thus contributed to Nikkei’s upwards trend. Despite the low volatility, any development with the current situation in the euro zone could also impact the Asian markets.
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