| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3958 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A |
Jan 24th to Jan 28th World markets crack under pressure The global equity markets are mostly lower to start the week. Sentiment tuned sour with geopolitical tensions surrounding the Ukraine mounting. S&P Futures are down about 19 points to trade around the 4371 area. The market saw an early rebound with the S&P trading as high as 4427.50 during the Asian session. The gains were not sustained after Europe got underway. Spoos saw a swift swoon and are now trading just off the low of 4361.25. In Asia, both China and Japan closed little changed. The Shanghai was kept at bay after a former PBOC member stated that a loose monetary policy would not be enough to stimulate growth in China and will need more government spending. In Japan, the Nikkei edged higher despite Preliminary Manufacturing PMI missing expectations. The December print came in at 54.6 and below the forecast of 55.0. In Europe, the major bourses are witnessing sellers take control. The chatter of a Russian military build up along the Ukraine border has ramped up trader anxiety. Even a better than expected December PMI from Germany did nothing to stave off pressure. Unilever is a notable outlier, rising 6% after it was revealed Nelson Peltz has built a stake in the company. Vodafone is also up around 6% after reports it is considering consolidating operations with Iliad in Italy. |