Money News: US, London Asian Markets Close Up; Global Markets Rally

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Category: Business/Financial News

Published on Sunday, 05 October 2014 16:28

Written by Janet Walker

The four U.S. Markets, Dow Jones Industrial Average, NASDAQ, S&P 500 and Russell 2000, after suffering a mid-week meltdown and rallied on the Bureau of Labor Statistics job announcements which generated investor confidence and sent global markets soaring.

The DOW opened the week just below the 17,000 record at 16, 802.20 and remained strong on Monday. By Wednesday, October 1, the markets began a freefall that sent tremors through Wall Street.

The Bureau of Labor Statistics exceptionally strong jobs report for September brought the markets back and the DOW, NASDAQ, S&P and Russell balanced by three strong trading days rode out the downward spiral. By Friday, the markets had rallied again, ending the week closing up at a solid 17,009.69 for a net gain of +208.69/+1.24%.

Big winners for the week include Goldman Sachs Group (+5.19/+2.84%) trading with a closing price of $188.07 per share, JPMorgan Chase & Company (+1.46/+2.48%) closing up at $60.30 per share, Walt Disney Company  at $88.45 per share up (+1.66/+1.91%) and Merck & Co Inc  at $59.90 per share up (+1.05/+1.78%).

Losers include Caterpillar Inc (-0.02/-0.02%) closing down at $97.39 per share.

Active on the DOW include Microsoft Corp in light trading moved 32.45M shares closing up at $46.09 with a gain of +0.72%, Cisco Systems Inc  in light trading moved 29.04M shares for a net gain of +1.00%, Intel Corp moved 25.83M shares in light trading for a net gain of +1.52%.

The NASDAQ continued its upward movement with analysts predicting a record high of 5,000 in the next two months. NASDAQ closed up at 4475.62 with a net gain of +45.43/+1.03%.

The S&P 500, ran alongside the NASDAQ, and Russell 2000, closing slightly up at 1967.90, with a gain of +21.73/+1.12%.

Russell 2000 also had a strong week closing, and like the NASDAQ only slightly lower at 1,104.74 with a gain of +8.36/+0.76%.

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, CAC 40 of France, the Hang Seng Index and the Shanghai Composite closed the week with a eighty/twenty split with Germany’s DAX and the SENEX of India closing down.

Nikkei 225

The Japanese Nikkei 225, if viewed strictly by the data appears to have suffered a disastrous week, a blood bath, with the markets falling steadily, oddly , the strength of the minimal gains were enough to stop the freefall as the Nikkei 225 rallied and closed up at 15, 708.65 with a gain of (+46.66/+0.30%). 

Big winners for the week include Minebea Co Ltd (+64.00/+4.73%), Mitsui Chemicals Inc (+10.00/+3.40%) and Asahi Group Holdings (+88.50/+2.85%) and FUJIFilm Holdings Corp (+93.00/+2.81%),

Losers include Heiwa Real Estate Corp (-62.00/-3.68%), Sumitomo Realty & (-91.50/-2.47%), Suzuki Motor Corp (-76.00/-2.28%), Mitsui Fudosan Co  (-58.00/-1.84%).

Movers on the Nikkei include Unitika Ltd in strong trading moved 87.65M shares and gained slightly over the week closing up (+2.04%) at ¥50.00 per share, Mitsubishi UFJ Financial in light trading at 52.18M shares to close up at ¥601.90 per share for a net gain of (+0.38%) and Nippon Steel & Sum in light trading at 33.23M shares to close up at ¥274.90 per share for a net gain of (+0.11%).

FTSE 100

London Markets continued to rally, with slow and steady gains, in the wake of surprising changes, investor confidence in the United Kingdom also remained strong.

In moderate trading the FTSE 100 gained slightly throughout the week and closed up 6527.91 with a net gain of +81.52/+1.26%.

Big winners in the FTSE 100 include easyJet PLC (+88.00/+6.42%), International Consolidation (+17.30/+4.97%), Carnival PLC (+101.00/+4.31%) and Shire PLC (+225.00/+4.30%).

Losers include Fresnillo PLC (-29.50/-3.94%), Tesco PLC (-6.05/-3.40%), Antofagasta PLC (-18.00/-2.58%) and Tullow Oil PLC (-9.50/-1.56%).

Active on the FTSE 100 includes Lloyds Banking Group moved 126.89M shares in a third straight week of heavy trading to close up at €77.25 a gain of +2.73%, Vodafone Group PLC moved 55.02M shares, in a third week of solid trading closing up at €203.85 with a gain +1.62% and HSBC Holdings PLC moved 41.98M shares closing at €632.20, for a net gain of +2.98%.

Hang Seng Index

The Hong Kong Markets, always a roller coaster, if viewed only by the data resembled the Nikkei with a bloody week long freefall, the daily data records splits which allowed the markets to rally enough to give the Hang Seng  a victory and closed up  at 23,064.56 with a net of gain of +131.58/+0.57%

Index Movers on the Hang Seng Index include China Overseas Ltd (Hong Kong) (+1.22/+6.11%), China Resources  (+0.80/+5.00%),  China Mobile Ltd (+3.10/+3.45%), AIA Group Ltd (+1.05/+2621%).

Active trading on the Heng Seng Hong Kong Index includes China Construction in medium trading 362.49M shares closed up at HK$5.46 with a net gain of +0.29% and Bank of China Ltd in heavy trading moved 407.26M shares closing at HDK$3.49 with a gain of -0.29%.

Losers for the week include China Petroleum & Chemical Group down (-0.11/-1.62%), CNOOC Ltd Hong Kong down (-0.18/-1.35%) and Sun Hung Kai Prope Ltd (-1.40/-1.27%).

Source: Bing Finance