Money News: North American European Markets Split; Asian Markets Close Down

AddThis Social Bookmark Button

The DOW Jones Industrial Average managed to escape the grasp of the Bear and closed up as the world economies fought back against the unsettling financial news reverberating from the Eurozone with the default of Greece and the banks deciding to stay closed.

The DOW opened the trading week up, with small rolling rallies and declines until midweek when the DOW suffered strong declines with limited gains. Fortunately, the beginning week surge was strong enough to carry the limping DOW toward gainer week. The DOW ended the trading week up at 17,946.68 (+56.32/+0.31%). Opening at 17,892.03, the DOW held a day range of 17,892.03-to-18,013.15.

Gainers include Nike Inc (+4.46/+4.46%) with a closing price of $109.72 per share, McDonald's Corp  (+1.52/+1.58%) with a closing price of $97.32 per share, Merck & Co Inc also closed up at $58.51 for a gain of (+0.59/+1.02%) and UnitedHealth Group Inc closing up at $123.35 per share for a gain of (+0.94/+0.77%)

Losers for the week include Intel Corp closing down at $31.05 per share for a loss of (-0.95/-2.97%), E I du Pont de Nemours & Company closing down at $65.58 with a loss of (-0.57/-0.86%), Microsoft Corp (-0.36/-0.79%) with a closing price of $45.29, and Apple Inc (-0.65/-0.51%) with a closing price of $126.85.

Active for the week included Intel Corp in medium trading moved 37.65M shares closing down at $46.10 per share with a loss of (-2.97%), Apple Inc moved 27.40M shares in medium trading to close down at $126.60 per share for a loss of (-0.51%), Microsoft Corp in light trading moved 24.76M shares, closing down at $45.29 per share for a loss of (-0.79%) and General Electric Co in light trading moved 16.88M shares closing up at $27.10 per share with a gain of (+0.22%).

The NASDAQ closed down at 5,080.51 for a loss of (-31.68/-0.62%).

The S&P 500 also closed down at 2,101.49 for a loss of (-0.82/-0.04%).

World Markets 40/60 Split

The ten most watched world markets closed the trading week with a 40/60 split. The North American Markets including the DOW Jones Industrial and Mexico's IPC and Central Europe's CAC 40 of France and Germany's DAX all closed down.

The S&P500, NASDAQ, Canada's S&P TSX Composite, Central European Markets including London's FTSE 100 as well as Asian Markets, Hong Kong Hang Seng, Shanghai Composite, Japan's highly traded Nikkei 225, and SENEX of India all closed down.

Nikkei 225

The Japanese Nikkei 225, began the trading week with a steady rally followed by small declines throughout the remainder of the week with a small sharp rally to close the week. Unfortunately it was not enough to boost the Nikkei above the red.

The Nikkei closed the trading week down at 20,706.15 with double digit loss of (-65.25/-0.31%). 

Gainers for the week include Shinsei Bank Ltd (+10.00/+4.13%), Sumitomo Mitsui Trust Holdings Inc (+19.00/+3.37%), Toray Industries Inc (+27.50/+2.74%), Nippon Electric Glass Co Ltd  (+17.00/+2.71%).

Losers include Showa Shell Sekiyu KK (-60.00/-5.09%), Toyobo Co Ltd (-10.00/-4.76%), Yokohama Rubber Co Ltd (-114.00/-4.32%) and Yamato Holdings Co Ltd (-87.00/-3.49%).

Active on the Nikkei include Mizuho Financial Group Inc, in 27 straight weeks of strong trading, moving an impressive 218.09M shares to close up at ¥274.50 for a gain of (+1.29%), Mitsubishi UFJ Financial Group Inc, in medium trading moved 60.56M shares to close up at ¥914.50 for a gain of (+1.05%), and Sharp Corp, also in mild trading, moved 46.11M shares to break even ¥158.00 for a loss of (-1.25%), Tokyo Electric Power Co Inc in medium trading, moved 28.62M shares to close down at ¥688.00 for a loss of (-1.43%),

FTSE 100

London Markets opened the trading week continuing the previous week's pattern of small gains and strong declines, with a strong rally by midweek the FTSE nearly recouped all losses. The gains were followed with an end of week rally to close the trading week up at 6,710.45 with small single digits gains of (+2.57/+0.04%).

Gainers in the FTSE 100 include Tesco PLC (+6.75/+3.10%), Sainsbury (J) PLC (+2.90/+1.06%), Morrison (Wm) Supermarkets PLC (+1.70/+0.93%) and BT Group PLC (+4.10/+0.89%).

Losers include ARM Holdings PLC (-51.00/-4.44%), Anglo American PLC (-27.90/-2.80%), BHP Billiton PLC (-30.00/-2.25%) and Glencore PLC (-5.70/-2.08%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 97.16M shares in strong trading, closed down at €87.30 for a loss of (-0.25%), Tesco PLC in mild trading moved 32.90M shares to close up at €224.50 for a gain of (+3.10%), Barclays PLC, in mild trading moved 25.22M shares to close up at €273.25 per share for a gain of (+0.13%), and Glencore PLC, in light trading moved 23.02M shares to close down at €267.85 per share for a loss of (-2.08%),

Hang Seng Index 

The Hang Sang Index began the trading week with a gradual rally slow and steady peaking mid-week before plummeting into an abyss of deep decline and a nearly 500 point loss.

The Hang Seng, unable to stop the bloodbath, closed the week down with triple digit losses.

The Hang Seng closed down at 26,663.87 with triple digit losses of (-481.88/-1.78%).

Gainers on the Hang Seng Index include CLP Holdings Ltd (+0.10/+0.15).

Active trading on the Hang Seng Hong Kong Index includes Bank of China Ltd, in impressive trading, moved 552.37M shares to close down at HK$5.05 (-1.56%), China Construction Bank Corp, also in impressive trading moved 503.79M shares to close down at HDK$7.09 (-2.61%), Industrial and Commercial Bank of China Ltd, in strong trading, moved 426.06M shares to close down at HK$6.60 (-1.49%), and PetroChina Co Ltd in medium trading moved 130.85M shares to close down HK$8.76 (-3.10%).

Losers for the week include China Resources Power Holdings Co Ltd (-1.25/-5.57%), China Unicom (Hong Kong) Ltd (-0.58/-4.57), Tingyi (Cayman Islands) Holding Corp (-0.64/-3.94%), Ping An Insurance (Group) Co of China Ltd (Hong Kong) (-3.80/-3.44%).

Source: Bing Finance

Haute Tease

  • Renaissance Phoenix Downtown Hotel Review – A Multi-Million Dollar Makeover Adds a Gem to a Jeweled Skyline

    AddThis Social Bookmark Button

    As the United States fifth largest city, more than 22 million visitors flock to metropolitan Phoenix annually. With a bustling downtown quadrant comprised of 100 square blocks, this section of town is teeming with fun and excitement.

     
  • Le Temps des Gourous

    AddThis Social Bookmark Button

    La popularité du chercheur Didier Raoult se mue en phénomène de société où se mêlent méfiance et admiration. Praticien pressé en mal de reconnaissance ou médecin aguerri, l'homme ne laisse pas indifférent au point de fasciner...ou d'agacer.

     
  • Murderer of James Foley Believed to Be Identified

    AddThis Social Bookmark Button

    British and American Intelligence officials are close to announcing the identity of the ISIS/ISIL terrorist responsible for the murder of American freelance journalist James Foley, beheaded by Iraqi Terrorists in retaliation to President Obama's assistance to the region.

     
  • Money News: US Markets Rally, Asian Markets Struggle

    AddThis Social Bookmark Button

    The three major U.S. Markets, Dow Jones Industrial Average, NASDAQ and S&P 500, rallied over the past week recovering slightly from the melt down felt in the ten top world markets over the past week, the Russell 2000 stubbornly refused to rally and closed slightly down.

     
  • Gallery 16 Celebrates 25th Anniversary Announces 2018 Programming and New Documentary

    AddThis Social Bookmark Button

    Since its founding by Griff Williams in 1993, Gallery 16 has remained dedicated to the belief that the brick and mortar gallery is vital to the advocacy and nurturing of working artists, the local community and its creative culture.

     
  • Best at CES 2012

    AddThis Social Bookmark Button

    CES, the largest consumer electronic tradeshow in the country, spent the past week previewing the newest technologies the tech world has to offer.

     
  • Beltway Insider: Trump/Trade Deals, Impeachment Trial, Trump’s Legal Team, Chris Collins, Election 2020: The Gloves Come Off

    AddThis Social Bookmark Button

    House Speaker Nancy Pelosi, after weeks of political strategizing, signed the two Articles of Impeachment sending the documents with the House Mangers to the senate chambers for the formal presentation by House Intelligence Committee Chairman Adam Schiff.

     
  • Charlie Hebdo, The Survivor’s Edition, Has Hit Newsstands

    AddThis Social Bookmark Button

    Charlie Hebdo, the survivor's edition, has hit newsstands and for the once struggling newspaper, the irony isn't lost on the remaining staff that buckled down, reminiscent of September 11 New York scribes, who through the tears remained true to the calling.

     
  • A Place At The Table Review - Finally A Wake Up Call

    AddThis Social Bookmark Button

    “A Place At The Table,” from Magnolia Pictures and Participant Media, presents a shocking wake up call into the alarming statistics of Hunger in America through the eyes of those who understand it most.

     
  • Mudbound Review – Exceptional Character Driven Performances; A Triumph

    AddThis Social Bookmark Button

    Mudbound, an original film from Netflix, presents a shocking tale of life in the 1940’s deep South as two WWII heroes, one white, one black, come home to face the evil, insidious, hatred of Jim Crow Mississippi.

     
  • Baking Star Launches The Perfect Holiday Gift Giving Boxed Confections Treats

    AddThis Social Bookmark Button

    Television's favorite baker to the stars, Chris Tucker, Betta With Butta from ABC's "The Great American Baking Show") is launching his new Holiday Dessert Boxes after a wildly successful launch of his Thanksgiving boxes.

     
  • A Health Savings Account Could Save Your Life

    AddThis Social Bookmark Button

    In a lawsuit against Aetna for denial of benefits which the patient alleges "almost killed him," Aetna's medical director admitted under oath that he never looked at patients' medical records when deciding whether to approve or deny care.

     
  • CNBC Illustrates How an Unprecedented Pandemic Forever Altered the U.S. Supply Chain  

    AddThis Social Bookmark Button

    Tuesday, June 30 at 10pm ET/PT, CNBC presents "Supermarket Shock: Crisis in America's Food Supply," an in-depth look at how the supply chain in the U.S. was abruptly disrupted and forever transformed by the novel coronavirus pandemic. 

     
  • OCEANA Hosts Celebrity Studded Benefit

    AddThis Social Bookmark Button

    OCEANA, the international oceanic conservation organization, recently launched the opening of its New York office with a celebrity packed benefit on posh Manhattan's Upper East Side.

     
  • Annual DreamBall and DreamBall After Dark Benefit Scheduled for September in New York City

    AddThis Social Bookmark Button

    The twenty-ninth annual DreamBall, benefitting the Look Good Feel Better® program of the Personal Care Products Council Foundation and the American Cancer Society, will be held on Thursday, September 26, 2013, at Cipriani 42nd Street.