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Money News: US Markets Continue Steady; London Markets Strong in Wake Of Scot Vote

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The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, fluctuated throughout the week, mildly frustrating investors and analyst, and ending the week with the DOW up and the other three closing slightly down.

 

The DOW opened the week above the 17,000 record at 17, 267.21 and fell slightly on Monday. Recovering the DOW charged throughout the week, with steady gains, ending the week closing up at 17,279.74 for a net gain of +13.75/+0.08%.

Big winners for the week include Microsoft Corp (+0.84/+1.80%) trading with a closing price of $47.52 per share, Verizon Communications (+0.66/+1.33%) closing up at $50.35 per share, McDonald's Corp at $93.36 per share up (+0.88/+0.94%) and AT&T Inc at $35.47 per share up (+0.31/+0.88%).

Losers include Caterpillar Inc (-1.83/-1.75%), Pfizer Inc (-0.18/-0.59%), Goldman Sachs Group (-1.69/-0.90%), and Intel Corp (-0.35/-1.00%).

Active on the DOW include Microsoft Corp in heavy trading moved 202.53M shares closing up at $47.52 with a loss of +1.80%, Coca-Cola Co traded 47.56M shares in light trading for a net gain of +0.62%, Intel Corp moved 47.34M shares in strong trading for a net loss of -0.08%, and Cisco Systems Inc, also in light trading moved 47.34M shares for a loss -0.08% to $25.20 per share.

Although NASDAQ closed down, the NASDAQ continued its upward movement with analysts predicting a record high of 5,000 in the next two months. NASDAQ closed down 4579.79 down -13.64/-0.30%.

The S&P 500, ran alongside the NASDAQ, and Russell 2000, closing slightly down at 2010.40, with a loss of -0.96/-0.05%.

Russell 2000 also had a strong week closing, and like the NASDAQ only slightly lower at 1,146.92 with a loss of -12.35/-1.07%.

World Markets

Unable to maintain the momentum of the previous week, the ten most watched world markets Canada's S&P TSX Composite, the Dow Jones Industrial Average of the U.S., Mexico's IPC, London's FTSE 100, Germany's DAX, CAC 40 of France, the SENEX of India, the Hang Seng Index and the Shanghai Composite closed the week with a sixty/forty split.  

Nikkei 225

The Japanese Nikkei 225, continue to recover from the Asian market bloodbath and uncontrollable spin over the past month, finally shook off the restraints, charged ahead and closed up at 16, 321.17 with a gain of (+253.60/+1.58%). 

Big winners for the week include Sumco Corp (+72.00/+6.09%), TDK Corp (+320.00/+5.41%) and IHI Corp (+26.00/+5.06%) and Okuma Corp (+41.00/+4.84%),

Losers include Kao Corp (-129.50/-2.96%), Fujitsu, Ltd (-8.00/-1.48%), Nippon Telegraph & Telephone Co ltd (-107.00/-1.54%), Shiseido Co Ltd (-24.00/-1.28%).

Movers on the Nikkei include Unitika Ltd in strong trading moved 77.29M shares and gained slightly over the week closing up (+2.08%) at ¥49.00 per share, Mitsubishi UFJ Financial also in strong trading at 64.89M shares to close up at ¥629.30 per share for a net gain of (+1.30%) and Nippon Steel & Sumitomo Metal in medium trading at 52.09M shares to close up at ¥299.30 per share for a net gain of (+0.84%).

FTSE 100

London Markets surprised all this week and was unflappable during the height of the succession fever. On Thursday the FTSE surged 32points, at that time a sign to investors around the world of the impending outcome of the referendum.

In moderate trading the FTSE 100 gained slightly throughout the week and closed up 6837.92 with a net gain of +18.63/+0.27%.

Big winners in the FTSE 100 include 3iOrd (+12.70/+3.29%), St. James's Place PLC (+21.00/+3.00%), Royal Bank of Scotland (+8.80/+2.46%) and Babcock International (+26.00/+2.44%).

Losers include Randgold Resources Ltd (-75.00/-1.69%), Rio Tinto PLC (-50.50/-1.56%), Wolseley PLC (-47.00/-1.40%) and BHP Billiton PLC (-23.00/-1.27%).

Active on the FTSE 100 includes Lloyds Banking Group moved 399.97M shares in a third straight week of heavy trading heavy trading to close up at €76.82 a gain of +1.25%, Vodafone Group PLC moved 104.13M shares, in a third week of solid trading closing up at €204.65 with a gain +0.10% and Barclays PLC moved 76.51M shares, in a second week of strong trading, selling up at €234.15, for a net loss of -0.17%.

Hang Seng Index

The Hong Kong Markets rallied throughout the week charging ahead. The Hang Seng steadily gained ground throughout the week and closed up at 24,306.16 with a net of gain of +137.44/+0.57%

Index Movers on the Hang Seng Index include Sands China Ltd (Hong Kong) (+1.55/+3.60%), Galaxy Entertainment (+1.50/+3.01%),  AIA Ltd (+1.00/+2.40%), Tencent Holdings Ltd (+2.30/+1.87%).

Active trading on the Heng Seng Hong Kong Index includes China Petroleum & Chemical Group in medium trading 167.10M shares closed down at HK$7.05 with a net loss of -0.14% and Bank of China Ltd in heavy trading moved 309.70M shares closing at HDK$3.62 with a loss of -0.55%.

Losers for the week include China Mengniu Dairy down (-0.70/-1.96%), Tingyi (Cayman Islands) down (-0.37/-1.84%) and China Resources Power Holdings Co Ltd (-0.40/-1.72%).

 

Source: Bing Finance

 

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