February 2015

Stock Market Review 26th February

Global stocks were seen trading mostly lower as Yellen spoke before the House financial Services Committee on Wednesday, while fresh report showed that US home sales in January remained solid.

Wall Street stocks were mixed,  the Standard & Poor’s 500 Index fell to 2,113.86  points (0.08%), while the Dow Jones Industrial climbed to 18,224.57 (0.08%) and the Nasdaq Composite slid 0.02% to 4,967.14.  Read more

Stock Markets Report 25th February

Asia Stocks

Stocks in the Asian region were seen opening higher on Wednesday after Federal Reserve Chair Janet Yellen hinted that the bank’s first rate hike is unlikely before mid-year.

The Japanese benchmark Nikkei 225 Index added 0.12% to 18,626.03 points, while Tokyo’s Topix Index edged 0.09% to 1,509.68 points. The Japanese yen rose 0.3% to 118.67 per dollar on Wednesday.  Read more

Gold Rebounds on Yellen Speech & China Data

Gold prices bounced back from the lowest level in seven weeks on Wednesday as traders weighed on the outlook for US interest rates after Fed Chairwoman’s comments on the US economy.

Bullion for immediate delivery rose 0.9% to $1,211.84 an ounce and after sliding to $1,190.52 on Tuesday, the lowest since January 5, according to Bloomberg generic pricing.  Gold for April delivery advanced 1.1% to $1,210.90 an ounce on the Comex in New York. Silver futures for immediate delivery edged 2.1% higher to $16.6413 an ounce, while Platinum gained 1.1% to $1,176.88 an ounce.  Read more

Stock Market Review 25th February

Global stocks saw major gains on Tuesday after Federal Reserve (Fed) Chair Janet Yellen’s testimony to Congress, while EU finance ministers approved the reforms proposal from Greece.

US stocks saw gains,  the Standard & Poor’s 500 Index rose to 2,115.48  points (0.28%), while the Dow Jones Industrial climbed to 18,2019.19 (0.51%) and the Nasdaq Composite gained 0.14% to 4,968.12.  Read more