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27th November 2014 - Global Market News
Global Indexes as of 27th November 2014
Nikkei 225 17,248.50 (-0.78%)
Hang Seng 23,983.88 (-0.53%)
FTSE 6,729.17 (-0.03%)
DAX 9,915.56 (+0.55%)
S&P 500 2,072.83 (+0.28%)
NASDAQ 4,787.32 (+0.61%)
As Global markets wait to see what happens at today's OPEC meeting, Asian shares are seen close to 1 month highs.
The Nikkei 225, the benchmark Japanese index saw some profit taking today yet is still up over 5%for the month of November after several huge announcements on stimulus from the Bank of Japan. Chinese markets have seen positive gains after its rate announcement earlier in the week and many see the region as a whole starting to become more stable as Central banks in the area start to pick up the slack left by the Federal Reserve ending its QE program.
European markets are expected to open higher as confidence that the European Central Bank will implement its own QE in the form of securing sovereign debt. Despite facing staunch opposition from certain EU members it appears that Mario Draghi is committed to rolling out this stimulus program and the markets have shown their appreciation that the ECB will look to inject cash into the local markets and look to stop the stagnation we are currently seeing.
US markets continue their run as the S&P 500 marked another record close. This comes off the back of the revision of the 3rd quarter GDP figures which saw the Bureau of Economic Analysis increase growth for the July September period from 3.5% to 3.9%. One thing to take into account is the huge weather system that is currently across the northern United States. As we saw earlier in the year the weather played a key part in the poor start to the year and has been slowly turned around. If this weather system continues to cause trouble we could see some reduction in productivity and manufacturing and many will be hoping that will not happen, particularly investors.
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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.
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