25th April - Economic and Global Market Review
Global Market Data as of 25th April 2014
FTSE 100 6,684.67 (-0.27%) Dax 9,463.90 (-0.89%)
CAC 40 4,460.50 (-0.43%) BEL 20 3,117.88 (-0.37%)
Madrid IBEX 10,385.70 (-0.73%) Zurich SMI 8,385.09 (-0.29%)
Moscow MCIEX 1,298.69 (-2.20%) Sydney ASX 5,515.50 (+0.24%)
Nikkei 225 14,429.26 (+0.17%) Hang Seng 22,242.66 (-1.42%)
Shang SSE Comp 2,057.03 (-0.50%)
Dow Jones 16,501.65 (+0.00%) NASDAQ 4,148.34 (+0.52%)
S&P 500 1,878.61 (+0.17%)
Asian markets continued to remain flat today as the week closed out. Japan reported Consumer Price Growth at 2.7% higher than March last year, at a twenty two year high along with CPI data showing a 1.3% increase over the same period. Largely put down to the sales tax increase recently, Japans economy keeps coming under scrutiny and needs to show some level of support to stay with the region as a whole.
European markets opened lower today after a quiet day on the bourses. Attempting to follow on from the momentum of the US markets was difficult as the ECB chairman continued his line on QE, or Broad Based Asset Purchase Program, suggesting that this was indeed where the EU was going. At a time when several of the established members are showing good economic growth there are concerns that the EU will again be in a situation whereby lesser members again need bailing out however with the new policy from the European Commission looking to alleviate this possible predicament concerns should be directed at the Ukraine as the situation unravels and appears to be heading into uncertain territory.
In the US, earning season is keeping the indexes in the green. Despite what is happening in Asia and Europe the main indexes in the US are continuing to perform strongly helped by better than expected earnings out of the technology sector. Propping up the markets were Microsoft and Amazon yesterday who both beat expectations. Finishing off the week is a whole host of companies reporting today, most notably Ford Motor Company and Aon PLC. US markets should open higher today and continue the gains seen this week so far.
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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.