Stocks rose Tuesday after Chinese GDP growth was slightly better than expected but weaker than last quarter, fueling speculation the government could move to stimulate growth. Stocks also reacted positively as German investor sentiment improved sharply, and the New York Fed’s Empire state survey showed regional manufacturing activity rising to its best level in nine months.
while in Asian stock markets were mixed Wednesday as uneven earnings reports from big U.S. banks dampened investor enthusiasm over successful bond issues in Europe.
Japan's Nikkei 225 index rose 0.2 percent to 8,480.99 and Hong Kong's Hang Seng added 0.4 percent to 19,696.35. But South Korea's Kospi fell 0.2 percent to 1,888.71 and Australia's S&P/ASX 200 was flat at 4,215.30.
that Portugal could now be dropped from bond indices because the S&P dowhttp://www.blogger.com/img/blank.gifngrade Friday comes on top of previous downgrades by Moody’s and Fitch. They note that the downgrade could mean Portugal will need more funding.
The earnings season has started off with a mixed bag of results, including a sloppy miss from Citigroup Tuesday. Some analysts have expected the stock market to start reacting to the slower growth of corporate profits, expected to be in the single digits for the first time since the economic recovery began. read Citigroup Profit and Revenue report
market is still very bearish on the euro, and both Greece’s ongoing discussions with the private sector on its debt restructuring and the Portuguese auction will be important events Wednesday. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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