Want to know where DOW’s bottom is at? Find out below by clicking the image for your free stock analysis.
Want to know where DOW’s bottom is at? Find out below by clicking the image for your free stock analysis.
Foreign Markets
World markets surged forward on Thursday following Wall Street’s gains. Investor’s breathed a sigh of relief with Fed remarks that the worst of the recession may be over. Overnight in Asia, Hong Kong’s Hang Seng rose 564.04 points, or 3.8 %, to 15,520.99. After being closed for a holiday, the Nikkei 225 stock average gained 334.49 points, or 3.9 %, to 8828.26.
In Europe, the FTSE 100 index of leading British shares was up 63.15 points, or 1.5 %, at 4,252.74 while Germany’s DAX rose 89.66 points, or 1.9 %, to 4,794.22. The CAC-40 in France was 47.76 points, or 1.5 %, higher at 3,164.70.
Foreign Markets
Global financial markets fell sharply Monday as the Obama Administration deemed the restructuring plans of GM and Chrysler unsatisfactory. In Europe, the FTSE 100 of leading British shares was down 86.27 points, or 2.2 %, at 3,812.58, while Germany’s DAX slumped 150.70 points, or 3.6 %, to 4,052.85. The CAC-40 in France fell 86 points, or 3 %, to 2,754.62.
Following Wall Street’s losses on Friday, Japan’s Nikkei 225 stock average sank 390.89 points, or 4.5 %, to 8,236.08, and Hong Kong’s Hang Seng slid 663.17, or 4.7 %, to 13,456.33
Foreign Markets
Oil stocks helped lead most indices higher Tuesday as signals of additional supply cuts sent crude inching toward $50. Japan’s Nikkei 225 stock average fell 31.05 points, or 0.4 %, to 7,054.98. In Hong Kong, the Hang Seng added 349.47, or 3.1 %, to 11,694.05 after the government said it was probing a massive drop in share price of super bank HSBC. South Korea’s Kospi added 1.9 % to 1,092.20.
Bank shares climbed after a leaked memo from the Citigroup’s (C) CEO Vikram Pandit indicated that the teetering on the brink financial institution enjoyed its best financial performance in over a year during the first two months of 2009. In late morning trading in Europe, the FTSE 100 index of leading British shares was up 55.75 points, or 1.6 percent, at 3,598.15, while Germany’s DAX rose 66.72 points, or 1.8 percent, at 2,758.75. France’s CAC-40 was 31.77 points, or 1.3 percent, higher at 2,551.06.
In this educational video Adam Hewison goes over the trend of the DJI and reiterates that you can’t predict when a market hits its bottom or top. Adam makes a good point and demonstrates how to use trends as your friend and reduce your overall risk.
