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

  • Money News Asia: SESAMi Gives Singapore Businesses a Trade Finance Boost

    AddThis Social Bookmark Button

    SESAMi, South‐East Asia’s largest e‐procurement platform, touches the lives of over 15,000 small businesses and 5,000 large buyers around the globe each year. The firm processed SGD 1.8 billion worth of e‐invoices in the last 12 months, a figure that has grown steadily 14% year‐on‐year since its inception in September 1999.

     
  • The Corona Virus -1918 All Over Again?

    AddThis Social Bookmark Button

    Clusters of a dozen or so deaths may get nonstop “if-it-bleeds-it-leads” press coverage. But the lack of preparedness for the really, really big threats may be met with virtual radio silence—until panic breaks out.

     
  • Chattanooga Bus Driver Has Court Appearance; Employer Knew of Complaints

    AddThis Social Bookmark Button

    Johnthony Walker, 24, the bus driver that intentionally crashed his vehicle filled with children, had a brief court hearing Tuesday where he learned his preliminary hearing was postponed until December 15, 2017. His bail remains at $107,500.00.

     
  • Business News: New York Media Summit 2015 – The State of the Ever Expanding Media Industry

    AddThis Social Bookmark Button

    Digital Hollywood hosted its annual Spring New York Media Summit with players in the space presenting keynotes, symposiums, panel discussions and projections of the future as the divergent of entertainment, gaming, cable and traditional print, online digital and the exploding video space.

     
  • NASA’s InSight Poised on Historical Data Collection

    AddThis Social Bookmark Button

    The National Aeronautics and Space Administration, NASA, has been euphoric since Insight safely landed on the Red Planet 15 Sols ago, Monday, November 26, beginning what will be the most concentrated study of the planet to date.

     
  • Wine Uncorked: More than Just Sniff, Swirl, Sip

    AddThis Social Bookmark Button

    Wine Uncorked, a wine lover’s recreational class, offered at the famous International Culinary Center in the Soho section of Manhattan offers the wine enthusiast the occasion to go beyond sniff, swirl and sip.

     
  • DBEST London Announces Duo Bluetooth Rechargeable Mini-Speaker Set

    AddThis Social Bookmark Button

    DBEST, the London-based manufacturer of coveted audio products inspired by the vibrant British music scene, announces the retail availability of the Duo Bluetooth Rechargeable Mini-Speaker Set, a stylish and compact speaker set that delivers unbelievably crisp and powerful sound in an ultra-sleek form factor.

     
  • GKIDS and Beijing International Film Festival Presents "ANIMATION IS FILM BEIJING"

    AddThis Social Bookmark Button

    GKIDS and Beijing Film Panorama have partnered to present ANIMATION IS FILM BEIJING, a special animation section within the upcoming Beijing Int’l Film Festival (BJIFF), featuring the largest slate of international animated feature film shown in China.

     
  • As Zika Spreads in Puerto Rico, These 10 U.S. Cities Could Be Next

    AddThis Social Bookmark Button

    Those who believe that Americans are far-removed from the threat of Zika are in for a wake-up call. Puerto Rican blood banks have seen a steady rise in the number of Zika-infected blood units collected.  

  • Beltway Insider: Gun Control Now; North Korea Declares War; Marriage Equality Arguments; Sequester Sting; Easter Celebrations

    AddThis Social Bookmark Button

    President Obama pressed forward the issue of gun control this week as he reiterated his dedication to gun reform vowing to those devastated by the Newtown tragedy that “we would not forget.”

     
  • Men’s Gift Guide: For the Sophisticated Man

    AddThis Social Bookmark Button

    With Father’s Day right around the corner, we’ve put together a gift guide of men’s specialty ideas from the latest in electronic gadgets to ultra-luxurious grooming and styling products to traditional and lifestyle gifts guaranteed to pay homage to the special man.

     
  • Cal Phil Chorale Joins Heralded Maestro Victor Vener And His World-Class Orchestra For First Of Spectacular Five Concert Summer Series

    AddThis Social Bookmark Button

    Maestro Victor Vener and the acclaimed California Philharmonic present what promises to be another awe-inspiring summer series of concerts, mixing stage and sound, at the iconic music destination the Music Center’s Walt Disney Concert Hall.

     
  • World News: Netanyahu Razor-thin Win Moves Israel Right

    AddThis Social Bookmark Button

    With 97% of the vote counted, Prime Minister Benjamin Netanyahu's right-of-center Likud party has sustained a razor-thin win, defeating Benny Gantz's left-leaning Blue and White party, receiving 37 seats to Gantz's 36, but the victory is actually much greater than it appears.

     
  • The Third Wave Review - Miracles in the Midst of Devastation

    AddThis Social Bookmark Button

    The Third Wave,” a Morgan Spurlock Production and Alison Thompson Documentary, tells the story of four aid workers in aftermath of the 2004 Tsunami that decimated Sri Lanka and other countries bordering the Indian Ocean.

     
  • The Neon Demon Review – Chilling Perfection

    AddThis Social Bookmark Button

    The Neon Demon, from Broadgreen Pictures and Amazon Studios, present a chilling tale, in modern film noir, of life inside creative pursuit circles, where beauty is the only currency and career is on life support before twenty.