Money News: World Markets Rebound; DOW Up, American Markets Steady

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The US Markets continued to show strong signs of steady growth, with Asian and European Markets also showing signs of consumer confidence, as shoppers are positively responding to consumer friendly incentives and the November Jobs report caps a year of economic growth to end 2014.

 

With Black Friday and Cyber Monday history retailers are banking on Green Monday, a term coined by online giant Ebay, for the third biggest single day boost of the Shopping season.

Retailers are creating deals which even in the eye of the budget minded are seeing solid deals and rational for the greater spend. Using a combination of hidden, in-store, pop up sales, online deeply discounted opportunities and advertised online and in store savings to lure shoppers into a deeper then budgeted spend.

The DOW opened at 17,903.05 and held a daily range of 17,903.05-to-17,991.19 as the markets continued to rebound regaining strength riding the heels of an above average November Jobs report.  

The DOW continued its daily rally and closed up nearing a new record at 17,958.79 with a gain of (+58.69/+0.33%).

The Gainers for the week include JPMorgan Chase & Co (+1.32/+2.15%) with a closing price of $62.70 per share, Goldman Sachs Group Inc closed up at $195.45 per share for a gain of (+3.50/+1.82%), Pfizer closed at $31.99 per share for a gain of (+0.32/+1.01%) and E I du Pont de Nemours & Company closing at $73.07 per share up at (+0.70/+0.97%).

Losers for the week included Microsoft, in medium trading, moved 27.31M shares closing down at $48.42 per share for a slight loss of (-0.86%) Cisco Systems Inc, also in medium trading moved 26.72M shares, closed down at $27.50 per share with a loss of (-0.97%).

The NASDAQ recovered from the slight fall, rallied and closed up at 4,780.76 with a gain of (+3.45/+0.17%).

The S&P 500 experienced small gains closing slightly up at 2,075.37 for a gain of (+3.45/+0.17%).

Russell 2000 mini experienced mild gains closing slightly up at 1,182.43 for a loss of (+9.42/+0.80%).

World Markets

The ten most watched world markets the Dow Jones Industrial Average of the U.S., CAC 40 of France, Germany's DAX, Japan's Nekkei 225 and the Shanghai Composite Canada's S&P TSX Composite, London's FTSE 100, Mexico's IPC, the Hong Kong Hang Seng Index all closed up with the SENEX of India, the only hold out closed down.

Nikkei 225

The Japanese Nikkei 225, continued to rally and remained strong pushing the weak Japanese yen toward a solid road to recovery, with a steady double digit gain closing at 17,920.45 with gain of (+33.24/+0.19%). 

Gainers for the week include Sumco Corp (+210.00/+13.16%), Eisai Co Ltd   (+288.50/+6.14%), Isuzu Motors Ltd (+70.00/+4.59%) and Minebea Co Ltd (+63.00/+4.17%).

Losers include Screen Holding Co Ltd (-36.50/-4.63%), J Front Retailing Co Ltd (-55.00/-3.58%), JGC Corp (-76.50/-2.87%) and Takashimaya Co Ltd (-23.00/-2.33%).

Movers on the Nikkei include Mizuho Financial Group Inc, in a second straight week of strong trading, moved 122.45M shares closed up at ¥205.80 to break even, Unitika Ltd in strong trading moved 82.24M shares and closed up at ¥65.00 per share for a gain of (+1.56) and Mitsubishi UFJ Financial Group Inc in medium trading moved 52.12M shares to close up at ¥696.90 per share for a gain of (+1.15%).

FTSE 100

London Markets, in strong trading, rallied with the European Markets and surged with a solid double digit gain closing up at 6742.84 with a deficit of (+63.47/+0.95%).

Big winners in the FTSE 100 include International Consolidated Airlines Group (+20.20/+4.33%), St. James Place PLC (+30.00/+3.79%), IMI PLC (+39.00/+3.31%), Meggitt PLC (+16.85/+3.29%).

Losers include Tullow Oil PLC (-12.90/-3.15%), Randgold Resources Ltd (-123.00/-2.85%), Petrofac Ltd (-13.50/-1.71%) and BHP Billiton PLC (-26.500/-1.73%).

Active on the FTSE 100 included Lloyds Banking Group moving 108.74M shares in strong continuing its run with nine straight weeks of solid trading and regaining its strength closing up at €80.89 for a gain of (+1.66%), Vodafone Group PLC moved 85.92M shares, also riding a wave with nine weeks of solid trading closed up at €230.60 with a gain of (+3.11%), Barclays, in moderate trading moved 39.78M shares to close up at €249.45 a gain of (+2.80%).

Hang Seng Index

The Hang Sang Index, always a roller coaster, saw roared back with record trading keeping in step with the Asian Markets as the Japanese Nikkei 225 and the Shanghai Composite markets performed solidly. The Hang Seng, in intense trading, closed up at 24,002.64 with triple digit gains of (+170.08/+0.71%).

Gainers on the Hang Seng Index include China Construction Bank Corp (Hong Kong) (+0.18/+3.01%), Industrial and Commercial Bank of China (Hong Kong) (+0.14/+2.62%), China Merchants Holdings (International) (Hong Kong) (+0.70/+2.62%), Sino Land Ltd (+0.28/+2.25%).

Active trading on the Heng Seng Hong Kong Index includes Bank of China Ltd moving, in intense trading for the third consecutive week, 1.24B shares closing down HK$4.13 (-0.72%) and Industrial and Commercial Bank of China Corp also in heavy trading moved 1.01B shares closing up at HDK$5.48 with a gain of (+2.62%),China Construction Bank Corp also in heavy trading moved 1.11B shares to close up at HDK$6.17 (+3.01).

Losers for the week include Cathay Pacific Airways Ltd (Hong Kong) (-0.58/-3.28%) China Unicom (Hong Kong) Ltd (-0.36/-3.13%),  Kunlun Energy Co Ltd (-0.17/-2.11%), CNOOC Ltd (-0.20/-1.82%).

Source: Bing Finance

 

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