Last Friday, the FTSE closed off a 4-1/2 year peak and reported the first weekly loss faced by it in 2013. However, the report finds that the blue-chip index has ricocheted on the day as well.
It is being said that the FTSE 100 has been boosted by miners and banks since Chinese trade data has beaten the forecast. Thereby, it has raised hopes that the global economy is again on the path of growth.
While there is no halt to debt-ceiling talks around the market, a recent report has confirmed that U. S. stocks have gone up. With the same movement, Dow Jones Industrial Average has reached its five year-high.
With earnings beating the estimates, Morgan Stanley and General Electric Co. managed to move up by 3.4%, while Intel Corp. moved down by 6.3% post the news that it has reported reduced sales in two straight quarters.
It seems Federal Reserve Chairman Ben Bernanke's words could not allay fears among investors on Tuesday as European financial markets were more or less remained gloomy. It was observed that majority of European equity markets were seen trading in red.
Taiwanese smartphone maker HTC Corp. announced Monday that it has entered into a settlement with Apple Inc. over global patent issues and the same has made its shares leap by their permitted daily limit.
East Asia is experiencing downward trend in Gold futures. For past three weeks, metal has been on gradual decline. Stagnated economy growth has contributed to the declined trend in the Gold futures.
Friday, the stock index futures opened with a mixed note on the Wall Street, with futures of a few rising, while a few struggling to manage with the lowering futures.
Detailed reports subjected that futures for the S&P 500 was witnessed to have lowered by 0.1%, while Dow Jones futures rose by 0.05% and again the futures of Nasdaq 100 were down by 0.16%.
Stock Market leader in Gulf, Dubai Financial Market has declared better-than-expected results on back of higher trading activity. Compared to previous year first quarter, the revenue was higher by 42 per cent.