17th April - Economic and Market Review
Global Market Data as of 17th April 2014
FTSE 100 6,572.86 (-0.17%) Dax 9,295.88 -(0.24%)
CAC 40 4,405.88 (+0.01%) BEL 20 3,090.23 (-0.27%)
Madrid IBEX 10,246.80 (-0.21%) Zurich SMI 8,320.10 (-0.03%)
Moscow MCIEX 1,325.62 (+1.25%) Sydney ASX 5,444.80 (+0.59%)
Nikkei 225 14,417.53 (-0.00%) Hang Seng 22,679.93 (-0.07%)
Shang SSE Comp 2,105.12 (+0.17%)
Dow Jones 16,424.85 (+1.00%) NASDAQ 4,086.23 (+1.29%)
S&P 500 1,862.31 (+1.05%)
As the short week draws to an end the majority of the markets should see positive territory. Despite having a good day yesterday Asian markets were flat today and felt the mixed signals that came out of China. With better than expected Economic Growth and an increase in Industrial Output the 2 main Chinese indexes held steady. The Nikkei 225 didn't improve from its 3% gain of yesterday off the back of two of the main US tech giants IBM and Google posting lower than expected earnings.
Europe has opened slightly lower than predicted. A strong week so far has helped install some faith in local investors as economic data out of Asia, Europe and the US has continued to suggested a global economic recovery in full swing. The main news today in Europe is the meeting between the Ukraine, Russian, European and US counterparts in Geneva. All eyes will be on the conference as they look to establish a way forward and a resolution that will keep all parties satisfied. Until this crisis is turned around there will be a grey cloud over Europe as any talk of recovery can easily be quelled until the unrest in the East of Europe is resolved.
We should expect a good day in Europe and the US and traders finish off the week early. With little in the way of indicators in the US before the break momentum should keep the indexes in the green and with lower volumes expected due to traders finishing early for the holidays next week is going to be crucial should a bull run truly be on the way.
Stock Port Associates would like to take this opportunity to wish you all a very Happy Easter, God Bless and Happy Investing.
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DISCLAIMER The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Stock Port Associates.All market data within this release is for your general information and enjoys indicative status only. Stock Port Associates does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.