Pressure appears to be building as the stock market bull run falters. Major indices have given up gains and moved away from lofty highs. The DOW, S&P 500 and Nasdaq all closed down – each losing around 1% on Wednesday, 18th August 2021. The FTSE 100 and DAX, Nikkei and Hang-Seng all lost ground too. U.S. markets down U.S. markets % change Value Change Dow Jones – closed at -1.08% 34960 -383 Nasdaq – closed at -0.89% 14526 -130 S&P 50 – closed at -1.07% 4400 -48 U.S. Markets closed…
Read MoreTag: NIKKEI
Asia stocks lower as global recovery slows and Covid cases climb
Asia stocks lower Shares were mostly lower in Asia on Friday after U.S. stocks struggled amid uncertainty over rising Covid-19 cases and new risks appearing. Nikkei index closed down at: 28000 a drop of around 276 points On Thursday, U.S. stock indexes closed mostly down from recent highs. Asia stocks followed suit amid a rise in pandemic cases slowing global economic growth. Some 111 countries now have the delta variant as the prominent strain. U.S. indices The S&P 500 closed down at: 4360 The index may now show its first…
Read MoreStrange times – have U.S. markets gone mad?
Disconnected from reality? Are elevated prices in U.S. markets showing a disconnect from reality? Is the free flowing Federal Reserve liquidity too easily available? Are central banks too eager to please? Are central bank fearful of failure? Do they really need to step in every time economies face a problem? Should markets work it out without so much central bank intervention or interference? Do we now have too much debt, again and… have we built a new bubble – the mother of all bubbles? Bubble busters Take the COVID-19 coronavirus…
Read MoreGlobal stocks rocked as coronavirus spreads
Stock markets fall Asian stocks drop as mounting concerns of the coronavirus take hold and investors fret over the potential harm to global economies. Markets around the world fell sharply on Monday. Japan’s Nikkei index fell by 2%. The FTSE 100 was down by 1.75%. European indices also suffer big falls. Germany’s Dax was down by 2% as at 14:30 GMT. Stock markets in China are closed for the New Year holiday period – reports suggest they will remain closed until February. Futures show big falls. Dow opens down some…
Read MoreAsian stock markets fall on coronavirus fear
Asian stocks have fallen as investors grow concerned that the spread of a new virus in China will impact economic growth. Beginning Thursday all public transportation was suspended in the Chinese city of Wuhan, where the outbreak is believed to have started. Asian stocks drop The Shanghai composite fell 2.75% to around 2,976. The Shenzhen component dropped 3.50% to close at 10682. The Shenzhen composite also declined 3.45% to close at around 1757 Hong Kong’s Hang Seng index fell around 1.90% and the Japan’s Nikkei 225 fell 0.98% to close…
Read MoreDow, S&P 500 & Nasdaq hit all time new highs!
The new trading year started with a bang for U.S. stocks with the Dow climbing to a new record high on 2nd January 2020 to close at: 28869 The S&P 500 and Nasdaq also closed at new record highs! S&P 500 closed at: 3258 Nasdaq closed at: 9092 U.S Air Strike However, market gains were short lived with the announcement of a fatal U.S. air strike of an Iranian military commander in Iraq. Iran is reported to have promised reprisals. Asian and European stocks fell on the news and U.S.…
Read MoreS&P 500 hits new all time record high!
The S&P 500 hits new high on Tuesday 29th October 2019 In intraday trading it touched 3047.9 The S&P 500 closed at around: 3037
Read MoreStock market moving events and news 3rd October 2019
Stock market events scheduled for today likely to move markets China and Germany stock markets closed today. Japan – foreign investment data Australia – balance of trade data Germany – PMI data due UK – PMI service data due EU – retail sales data due U.S. – employment data due – jobless claims U.S. – services & non-manufacturing PMI & factory orders data due Other market moving news today, October 3rd 2019 Asia stocks fall – Japan’s Nikkei drops by around 2% to close at: 21342. Ted Baker shares fall…
Read MoreAustralia cuts key interest rate – other market moving news and events 1st October 2019
Australia cuts key interest rate The Reserve Bank of Australia cut its key Bank Rate by 0.25% to a new record low of 0.75%. The economy grew at its slowest pace in Q2 2019 for a decade. Other market moving news roundup China celebrates 70 years of Communist rule with military parade. U.S. denies rumours of China investment restrictions as ‘fake’ news. South Korea’s exports drop for 10th month in a row. Japan’s manufacturers’ sentiment at 6-year low. Japan’s Manufacturing activity shrank at its fastest pace in seven months in…
Read MoreGerman industrial production falls. Daily market moving news & events roundup, 6th September 2019
German industrial production falls. Market moving daily news roundup – events & news likely to move markets 6th September 2019 Company performance, economic and political events but especially market sentiment will always influence market movement, for good or bad. Summary Economic calendar – scheduled news and events 6th September 2019 Germany – industrial production data due: 07:00 BST UK – BoE consumer inflation expectations for next 12 months due: 09:30 BST EU – GDP data due: 10:00 BST EU – ECB member speech due: 10:15 BST Russia – interest rate…
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