Posts Tagged Nikkei 225
European Stocks Gain Ground
Posted by Oksana Grebenjuk in Fund Markets on Апрель 20th, 2010
European stocks traded higher Tuesday, following Monday’s rally on Wall Street, helped by upbeat earnings from Citigroup and news that the Securities and Exchange Commission voted 3-2 in favor of filing civil fraud charges against Goldman Sachs.
The U.K. FTSE 100 index was 0.6% higher at 5760.41, Germany’s DAX rose 0.7% to 6202.92 and France’s CAC-40 index gained 0.6% to 3992.72.
«Last week’s SEC ruling against Goldman Sachs had certainly been weighing on the banks and, in turn, pressuring the major indices, but traders are now looking forward to Goldman’s earnings, which are due for release later today, and some solid numbers here have the potential to help extend the rally once again,» said Ben Potter, research analyst at IG Markets.
On Monday, U.S. stocks edged higher, recovering some of the Friday decline caused partly by the SEC’s civil fraud charges against Goldman Sachs, as strong earnings from Citigroup and analysts’ positive comments on DuPont and McDonald’s encouraged investors.
News that the U.S. Conference Board’s index of leading economic indicators posted a large gain in March also helped, and the Dow Jones Industrial Average rose 0.7% to 11,092.1. The Nasdaq Composite slipped 0.1% to 2480.1, but the Standard & Poor’s 500 index climbed 0.5% to 1197.6. Read the rest of this entry »
Asian Stocks Fall to Two-Week Low
Posted by Oksana Grebenjuk in Fund Markets on Ноябрь 24th, 2009
Asian stocks fell, dragging the MSCI Asia Pacific Index to a two-week low, amid speculation Japanese and Chinese banks will have to sell shares to replenish capital.
Sumitomo Mitsui Financial Group Inc., Japan’s second- largest bank by market value, fell 4.4 percent after the Nikkei newspaper said banks are preparing a new round of share sales. Bank of China Ltd. slumped 4 percent in Hong Kong after saying it’s studying options to raise funds. Suning Appliance Co., China’s biggest home appliance retailer, fell 5.5 percent in Shanghai on valuation concerns.
The MSCI Asia Pacific Index lost 0.9 percent to 116.68 as of 6:02 p.m. in Tokyo, set to close at the lowest level since Nov. 6. The gauge has climbed 65 percent from a more than five- year low on March 9 on signs government stimulus measures are helping revive the world economy. A global rally yesterday drove the MSCI World Index up by the most in two weeks.
“Markets have had a huge run on expectations of a recovery,” said Matt Riordan, who helps manage about $5.1 billion at Paradice Investment Management in Sydney. “We’re in a period now where signals that the recovery has been priced in are coming through. The market is discriminating a lot more in terms of stocks.” Read the rest of this entry »
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